Jasper Office Building For
For Sale
$2,400,000
35 W Church St, Jasper, GA 30143
Approximately 13,000 SF office building in Jasper, Georgia.
Property Size13,000 SF
Price / SF$184.62
Days on Market172
Property Features for 35 W Church St
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Office
Building Details
Building Size
13,000 SF
Listing Agency:
Bull Realty
(404) 876-1640
Listed By:
Jared Daley · License #331035
Source:
Bullrealty
Added: Mar 5
Changed: Aug 24
Last Checked: Aug 24 at 3:35AM
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 Bull Realty
Investment Insights
Based on property information with market context.
Located in downtown Jasper, Georgia, this office building offers approximately 13,000 square feet of space. The building is divided into three suites. Suite 101, comprising approximately 5,296 square feet, is currently leased to medical tenants. Suites 201 and 202 are available for immediate lease at $15 per square foot per year on a modified gross lease. Suite 201 offers approximately 2,936 square feet, while Suite 202 provides approximately 3,378 square feet and is accessible via stairway. The remainder of the building is ideal for medical use. The property presents an investment or owner/user opportunity with in-place income. The landlord is willing to build out the space to fit tenant requirements and also install an elevator if necessary. In addition to having lease space available, the building is available for sale.
Key Highlights
- Investment or owner/user opportunity with in‑place income from existing medical tenant (Suite 101).
- Available for sale at $2,400,000.
- Two suites (201 & 202) totaling ±6,314 SF available for immediate lease at $15/SF/Year Modified Gross.
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
$188,487
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
7.85%
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%
$3,769,740
$3.8M
Cap Rate 7%
$2,692,671
$2.7M
Cap Rate 9%
$2,094,300
$2.1M
Market Conditions
NOI Build-Up for 13,000 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
$351.0K $27.00/SF
− Vacancy
−$36.9K −$2.84/SF
EGI
$314.1K $24.17/SF
− OpEx
−$125.7K −$9.67/SF
NOI
$188.5K $14.50/SF
Area
Pickens County, GA
Vacancy
10.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
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%
$3,769,740
Cap Rate 7%
$2,692,671
Cap Rate 9%
$2,094,300
Alternative Uses
Best Use
Healthcare Medical
$2.69M
$2.36M – $3.14M
NOI $188,487 @ 7.0% cap · market cap 7.85%
Second Best
Office B
$2.49M
$2.18M – $2.90M
NOI $174,084 @ 7.0% cap · market cap 7.25%
Theoretical Best
Office A
$3.63M
$3.18M – $4.24M
NOI $254,380 @ 7.0% cap · market cap 10.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Approximately 13,000 SF office building in Jasper, Georgia.
Where is this office building located?
The property is located at 35 W Church St Jasper, GA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Investment or owner/user opportunity with in‑place income from existing medical tenant (Suite 101).; Available for sale at $2,400,000.; Two suites (201 & 202) totaling ±6,314 SF available for immediate lease at $15/SF/Year Modified Gross.
