Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    117 Cornett Ln S Jasper, GA 30143

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    3.98-acre commercial property with highway frontage in Jasper, Georgia.

    Type:Land
    Lot size:
    3.98 Acres
    Added:
    Nov 12, 2024
    Days on Market:
    534
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 117 Cornett Ln S

    General Information

    Standard status
    Active
    Lot size
    3.98 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Bobby Parish

    Listing agent Bobby Parish License #417829

    Listing office RE/MAX Five Star

    Listing date Nov 12, 2024

    Source Crexi

    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 RE/MAX Five Star

    Overview

    Prime Commercial Property on Highway

    This 3.98-acre commercial property is located at 117 Cornett Lane S in Jasper, Georgia. The property is situated next to Highway 515 and features a curb cut, deceleration lane, and cross-highway turn lane. With frontage on Highway 515, a major gateway to the North Georgia Mountains, this acreage presents a commercial warehouse development opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Storage Facility HVAC Service Garden Center Electrical Service Furniture & Home Goods Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Pickens
    State
    Georgia
    Longitude
    -84.431718
    Latitude
    34.418894

    Nearby Similar for Sale

    • $699,000
      1,849 SF

      Established Car Wash Near Downtown

      Income-producing car wash with redevelopment potential near Highway 515.
      76 Sammy Mcghee Boulevard, Jasper, GA 30143
      View Details
    • $285,000
      1,350 SF

      Professional Office Suite Investment

      Leased office suite with reliable income and high visibility.
      12 Sammy McGhee Blvd, Jasper, GA 30143
      View Details
    • $470,000

      Turn-Key Restaurant Opportunity in Jasper

      Prime restaurant location with high visibility and ample parking.
      3411 Highway 53 E, Jasper, GA 30143
      View Details
    • $532,000

      Jasper, GA Vacant Commercial Lot

      High-visibility commercial lot in a thriving business district.
      7 Noah Drive, Jasper, GA 30143
      View Details
    • $2,367
      1,578 SF

      Downtown Jasper Office Space

      Premium commercial office space in downtown Jasper, Georgia.
      37 Court Street, Jasper, GA 30143
      View Details
    • $470,000
      1,708 SF

      Turn-Key Restaurant Opportunity in Jasper

      Prime restaurant location with high visibility and ample parking.
      3411 Highway 53 E, Jasper, GA 30143
      View Details
    • $649,500

      26.7 Acres Development Opportunity, Jasper

      26.7 acres C2 zoned land in Jasper, Georgia.
      Hidden Creek Road, Jasper, GA 30143
      View Details
    • $1,900
      2,000 SF

      High-End Office Suite in Jasper

      Move-in-ready office suite with modern upgrades and excellent visibility.
      84 Lower Dowda Mill Road, Jasper, GA 30143
      View Details
    • $532,000

      Prime Commercial Lot in Jasper

      High-visibility commercial lot in a thriving business district.
      7 Noah Drive, Jasper, GA 30143
      View Details
    • $2,450,000
      11,432 SF

      North Georgia Wedding & Event Venue

      Turnkey wedding and event venue in the North Georgia Mountains.
      230 Old Mill White Road, Jasper, GA 30143
      View Details
    • $575,000

      Jasper Income-Producing Property For Sale

      1.55 acre Jasper property with income potential and commercial zoning.
      217 Robin Road, Jasper, GA 30143
      View Details
    • $6,000
      9,600 SF

      Jasper Commercial Property For Sale

      9,600 SF commercial property with office and warehouse space.
      1893 Talking Rock Road, Jasper, GA 30143
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3.98-acre commercial property with highway frontage in Jasper, Georgia.
    Where is this commercial land located?
    The property is located at 117 Cornett Ln S Jasper, GA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: Prime 3.98‑acre commercial property.; Located next to highway 515.; Highway 515 frontage.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bobby Parish
    Real Estate License ID: 417829
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!