Commercial Lot with
For Sale
$499,000
985 N Main St, Jasper, GA 30143
Commercial lot with buildings located near downtown Jasper, Georgia.
Property Size1,800 SF
Lot Size1.27 Acres
Price / SF$277.22
Days on Market90
Property Features for 985 N Main St
General Information
Standard status
Active
Size
1,800 SF
Lot size
1.27 Acres
Taxes and HOA fees
Annual Taxes
$1,799
Listing Agency:
RE/MAX Five Star
(706) 669-3590
Listed By:
Bill Nickerson · License #417829
(706) 669-3590
Source:
Exprealty
Added: May 27
Changed: Aug 23
Last Checked: Aug 14 at 6:08AM
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
Investment Insights
Based on property information with market context.
This commercial property features a 1.27-acre lot with multiple buildings, situated one mile from downtown Jasper, Georgia. Located on North Main Street, a primary route to Talking Rock, Georgia, the property also offers convenient access to the main shopping area on I-515 highway. The property includes three working bays with roll-up doors and an attached office building. An 1800 sq ft shed with a side office provides additional rental opportunities. A chain-link fence enhances the property's security. The large parking area presents various business opportunities.
Key Highlights
- 1.27 acre commercial lot located near downtown Jasper, GA
- High‑traffic location on North Main St, a main route to Talking Rock and I‑515.
- Three working bays with roll‑up doors and attached office building.
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
$21,870
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
4.38%
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%
$437,400
$437.4K
Cap Rate 7%
$312,429
$312.4K
Cap Rate 9%
$243,000
$243.0K
Market Conditions
NOI Build-Up for 1,800 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
$38.9K $21.60/SF
− Vacancy
−$3.9K −$2.16/SF
EGI
$35.0K $19.44/SF
− OpEx
−$13.1K −$7.29/SF
NOI
$21.9K $12.15/SF
Area
Pickens County, GA
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$437,400
Cap Rate 7%
$312,429
Cap Rate 9%
$243,000
Alternative Uses
Best Use
Mixed Use
$312.4K
$273.4K – $364.5K
NOI $21,870 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$503.2K
$440.3K – $587.0K
NOI $35,222 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
267
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial lot with buildings located near downtown Jasper, Georgia.
Where is this mixed-use property located?
The property is located at 985 N Main St Jasper, GA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1.27 acre commercial lot located near downtown Jasper, GA; High‑traffic location on North Main St, a main route to Talking Rock and I‑515.; Three working bays with roll‑up doors and attached office building.
