Building Details

Building Size 13,000 SF

Listing Agency: Bull Realty

Listed By: Jared Daley · License #331035 Show Phone

Source: Bullrealty

Added: Mar 5 Changed: Oct 6 Last Checked: Oct 9 at 5:33PM

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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 / Yr

$188,487

Cap Rate

7.85%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $188,487 @ 7.0% cap · market cap 7.85%

Second Best

Office B

$2.49M

$2.18M – $2.90M (±1% cap)

NOI $174,084 @ 7.0% cap · market cap 7.25%

Theoretical Best

Office A

$3.63M

$3.18M – $4.24M (±1% cap)

NOI $254,380 @ 7.0% cap · market cap 10.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Garden Center Skin Care Clinic Electrical Service Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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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.