Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Ga 515 Jasper, GA 30143
    Back to Search
    Property profile & analytics

    Ga 515 Jasper, GA 30143

    View on Map
    • Land
    • 1.38 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Ga 515

    Lot size
    1.38 lot acres
    Property type
    Land

    Description

    This exceptional 1.38-acre commercial land parcel in Jasper, Georgia, presents a unique investment opportunity. Strategically located on Highway 515, near the intersection of I-515 and GA 108, this property boasts over 725 feet of highway frontage. The high-traffic location sees approximately 30,000 vehicles daily, a number projected to increase. The property is zoned for highway business use, providing flexibility for various commercial ventures. Essential utilities, including sewer, water, gas, and electricity, are readily available nearby. A survey of the land will be available shortly. This prime location benefits from a traffic light at the major intersection of I-515 and GA 108, and is situated adjacent to a large commercial development currently under construction and a soon-to-be-built truck stop. Priced at $150,000 ($108,695 per acre), this is an exceptional opportunity to capitalize on the growth and development in this thriving area of Pickens County, Georgia, zip code 30143. The property's address is GA 515, Jasper, GA.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Pickens
    State
    Georgia
    Longitude
    -84.4616
    Latitude
    34.4709

    Comparable in this City

    • Value Estimation by Request
      2.08 Acres

      Hwy 53 & Mtn Way

      Restaurants • 2.08 Acres
      0 Hwy 53 & Mtn Way, Jasper, GA 30143
      View Details
    • Value Estimation by Request
      12.48 Acres

      655 Philadelphia Rd

      Land • 12.48 Acres
      655 Philadelphia Rd, Jasper, GA 30143
      View Details
    • Value Estimation by Request
      6.34 Acres

      Stonehaven Ct

      Land • 6.34 Acres
      0 Stonehaven Ct, Jasper, GA 30143
      View Details
    • Value Estimation by Request
      10.00 Acres

      Andes Rdg

      Land • 10.00 Acres
      0 Andes Rdg, Jasper, GA 30143
      View Details
    • Value Estimation by Request
      31.47 Acres

      Ga-108

      Farms • 31.47 Acres
      0 Ga-108, Jasper, GA 30143
      View Details
    • Value Estimation by Request
      0.77 Acres

      23 Hazel Mosley Tract 2 Dr

      Restaurants • 0.77 Acres
      23 Hazel Mosley Tract 2 Dr, Jasper, GA 30143
      View Details

    Similar Nearby for Sale

    • $115,000
      277,041 SF

      Mountain Land with Paved Access

      Prime mountain land with long-range views, convenient paved access.
      2 Upper Sassafras Pkwy, Jasper, GA 30143
      View Details
    • $43,999

      Land For Sale

      Land available on Alpine Drive, Jasper, GA.
      18 Mulligan Way, Jasper, GA 30143
      View Details
    • $274,045
      23.83 Acres

      Wooded Land Near Atlanta

      23.83 acres of wooded land, one hour from Atlanta.
      Trt B Cascade Dr, Jasper, GA 30143
      View Details
    • Contact for pricing

      Mixed-Use Development Site in Jasper

      Entitled mixed-use development site with multifamily, retail, and townhome potential.
      1317 W Church St, Jasper, GA 30143
      View Details
    • $98,000

      Land For Sale in Jasper

      Land available in Pickens County, Jasper, Georgia.
      85 Mauser Ct, Jasper, GA 30143
      View Details
    • $185,555
      Pending

      Land with Overbuilt Shop

      2.92 acres with insulated shop near Jasper, Georgia.
      5997 Henderson Mtn. Rd, Jasper, GA 30143
      View Details

    Similar Nearby for Lease

    • $1,050 /Mo

      Camp Road Complex

      Office Suite for Lease
      3850 Camp Rd, Jasper, GA 30143
      View Details
    • $15 SF/Yr

      Jasper Office Building Available

      Approximately 13,000 SF office building with suites for lease.
      35 W Church St, Jasper, GA 30143
      View Details
    • New
      $2,367 /Mo
      4,792 SF

      Downtown Jasper Office Space Available

      Prime commercial office space for lease in downtown Jasper, Georgia.
      37 Court St, Jasper, GA 30143
      View Details
    • $2,000 /Mo
      14,375 SF

      Jasper, GA Commercial Space

      Open commercial space in a developing area near Atlanta.
      51 Bryant St, Jasper, GA 30143
      View Details
    • New
      $2,367 /Mo
      1,578 SF

      Downtown Jasper Office Space

      Prime commercial office space in downtown Jasper, Georgia.
      37 Court St, Jasper, GA 30143
      View Details
    • $2,367 /Mo

      Downtown Jasper Office Space Available

      Prime commercial office space in downtown Jasper, Georgia for lease.
      37 Court St, Jasper, GA 30143
      View Details
    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.
    Ga 515
    Jasper, GA 30143
    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

    Thank You for Inquiry
    Ga 515, Jasper, GA, 30143
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!