Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1745 Hwy 53rd W Jasper, GA 30143-3982

    • Office buildings
    • 1,539 SF
    • 1.42 lot acres
    OFF-MARKET
    Last Sale
    Jun 12, 2024
    $525,250
    Value Estimations
    $525,000
    Show details
    Cap Rate Potential
    4.2%
    Office buildings
    Location Intelligence
    Property ID
    US22-1161357
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 1745 Hwy 53rd W

    Year built
    1982
    Construction
    WOOD
    Lot size
    1.42 lot acres
    Property size
    1,539 SF
    Zone code
    C-2
    Property type
    Office buildings
    APN
    041-047
    APU
    41047

    Description

    This exceptional 1.42-acre commercial land parcel presents a unique ground lease opportunity in the thriving city of Jasper, Georgia. Located at 1745 Hwy 53, this property boasts a highly desirable C3 commercial zoning designation, opening doors to a wide array of development possibilities. The expansive lot size provides ample space for various commercial ventures, from executive office buildings to retail establishments or other suitable uses permitted under the C3 zoning. Situated in Pickens County, this location offers convenient access to major transportation routes, ensuring high visibility and accessibility for any future development. The single-tenant nature of the land provides a streamlined approach to development and management. This prime location in Jasper, GA, offers a compelling investment prospect for those seeking a strategic foothold in a growing market. The property's address is 1745 Hwy 53, Jasper, GA 30143, and its coordinates are 34.4647658 latitude and -84.4597225 longitude. The total land area is 1.42 acres, providing significant potential for a substantial commercial project. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is zoned C3 – Commercial, ensuring flexibility in development plans. This is a ground lease opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $525,000
      ML approach
      $525,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $365,000
      6.5%
      $340,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $347,000
      Market price range: $119k - $347k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Pickens
    State
    Georgia
    Longitude
    -84.4596
    Latitude
    34.4646
    CBSA code
    12060
    CBSA name
    ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,585
    $178,920
    $35,956
    $214,876
    -
    $447,300
    $89,889
    $537,189

    Comparable in this City

    • Value Estimation
      $1,385,000
      6,588 SF

      Wilderness Pkwy

      OFFICE BUILDING • 6,588 SF
      Wilderness Pkwy, Jasper, GA 30143
      View Details
    • Value Estimation by Request
      2,016 SF

      76 Cp Hope Rd

      OFFICE BUILDING • 2,016 SF
      76 Cp Hope Rd, Jasper, GA 30143-2803
      View Details
    • Value Estimation by Request
      672 SF

      2939 Hwy 53rd E

      OFFICE BUILDING • 672 SF
      2939 Hwy 53rd E, Jasper, GA 30143-4357
      View Details
    • Value Estimation by Request
      1,008 SF

      858 Bent Tree Dr

      OFFICE BUILDING • 1,008 SF
      858 Bent Tree Dr, Jasper, GA 30143-4139
      View Details
    • Value Estimation by Request
      2,000 SF

      522 Church St

      OFFICE BUILDING • 2,000 SF
      522 Church St, Jasper, GA 30143-1309
      View Details
    • Value Estimation by Request
      1,560 SF

      115 Main St

      OFFICE BUILDING • 1,560 SF
      115 Main St, Jasper, GA 30143-1703
      View Details

    Similar Nearby for Sale

    • $649,000
      5,000 SF

      Downtown Jasper Commercial Gem

      5,000 SF Vacant Storefront/Office
      501 Main St, Jasper, GA 30143
      View Details
    • Contact for pricing
      2,000 SF

      High-End Office Suite in Jasper

      Move-in-ready office suite with modern upgrades and excellent visibility.
      84 Lower Dowda Mill Rd, Jasper, GA 30143
      View Details
    • $1,500,000
      1,000 SF

      Jasper, GA Commercial Property

      8-Unit Retail/Office Complex, High Growth Area
      311 Jonah Ln, Jasper, GA 30143
      View Details
    • Contact for pricing
      9,600 SF

      Jasper Commercial Property For Sale

      9,600 SF commercial property with office and warehouse space.
      1893 Talking Rock Rd, Jasper, GA 30143
      View Details
    • Contact for pricing
      1,578 SF

      Downtown Jasper Office Space

      Prime commercial office space in downtown Jasper, Georgia.
      37 Court St, Jasper, GA 30143
      View Details
    • $5,000,000
      31.47 Acres

      Jasper, GA Commercial Land

      31.47 acres, prime location, high traffic
      0 Ga-108, Jasper, GA 30143
      View Details

    Similar Nearby for Lease

    • $2,367 /Mo
      4,792 SF

      Downtown Jasper Office Space

      Prime commercial office space 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
    • $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
    • $1,050 /Mo

      Camp Road Complex

      Office Suite for Lease
      3850 Camp Rd, Jasper, GA 30143
      View Details
    • $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
    • $43,269
      90,605 SF

      Hwy 53 & Mountain Way Commercial Land

      Jasper, GA: 2.08-acre commercial pad
      0 Hwy 53 & Mtn Way, 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.
    1745 Hwy 53rd W
    Jasper, GA 30143-3982
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.