Turn-Key Restaurant Opportunity in
For Sale
$470,000
3411 Highway 53 E, Jasper, GA 30143
Remodeled restaurant with high visibility and ample parking.
Property Size1,708 SF
Price / SF$275.18
Days on Market233
Property Features for 3411 Highway 53 E
General Information
Standard status
Active
Size
1,708 SF
Building Details
Year Built
1963
Listing Agency:
Virtual Properties Realty.com
Listed By:
Evelyn Calhoun · License #381641
(770) 733-0779
Source:
Brockteam
Added: Jan 26
Changed: Sep 8
Last Checked: Sep 15 at 6:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Virtual Properties Realty.com
Investment Insights
Based on property information with market context.
This restaurant property, located just outside of downtown Jasper along Highway 53, presents an opportunity for ownership. The site benefits from high traffic counts and ample parking, including space for large trucks. The building was rebuilt from the studs out within the past two years and includes upgraded and remodeled features. Originally opened in 1963 as Quick Burger, the site has historical significance. The interior provides seating for over 50 guests, and an outdoor patio offers room for expansion. All equipment, furniture, refrigerators, and cooking appliances are included. Potential exists for growth through breakfast service, expanded catering, or other concepts. The property is also available for lease at $3,500 per month with a 36-month lease.
Key Highlights
- Completely upgraded and remodeled within the past two years, essentially brand new.
- Prime restaurant location just outside of downtown Jasper with excellent visibility and high traffic count on Highway 53.
- Turn‑key opportunity: all equipment, furniture, refrigerators, and cooking appliances are included.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,448
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$548,960
$549.0K
Cap Rate 7%
$392,114
$392.1K
Cap Rate 9%
$304,978
$305.0K
Market Conditions
NOI Build-Up for 1,708 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.4K $23.04/SF
− Vacancy
−$2.8K −$1.61/SF
EGI
$36.6K $21.43/SF
− OpEx
−$9.1K −$5.36/SF
NOI
$27.4K $16.07/SF
Area
Pickens County, GA
Vacancy
7.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$548,960
Cap Rate 7%
$392,114
Cap Rate 9%
$304,978
Alternative Uses
Best Use
Specialty Retail
$392.1K
$343.1K – $457.5K
NOI $27,448 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$477.5K
$417.8K – $557.0K
NOI $33,422 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 30143, GA
24,476
Population
12,549
Households
2
Avg Household Size
49
Median Age
32%
College-Educated
92%
High-School Grad
145.3 sq mi
ZIP Area
168
Density / Sq Mi
$79,879
Median Household Income
$42,635
Median Earnings
$1,085
Median Rent
$324,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Restaurant - Remodeled restaurant with high visibility and ample parking.
Where is this restaurant located?
The property is located at 3411 Highway 53 E Jasper, GA.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Completely upgraded and remodeled within the past two years, essentially brand new.; Prime restaurant location just outside of downtown Jasper with excellent visibility and high traffic count on Highway 53.; Turn‑key opportunity: all equipment, furniture, refrigerators, and cooking appliances are included.
