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    Property profile & analytics

    2264 Highway 53 W Jasper, GA 30143

    • Auto shops
    • 43.26 lot acres
    For Sale
    View listing
    $10,420,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1704894
    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

    • Auto shops

    Property Details for 2264 Highway 53 W

    Year built
    1989
    Lot size
    43.26 lot acres
    Property type
    Auto shops

    Description

    This exceptional 43.26-acre commercial property in Jasper, Georgia, presents a significant development opportunity. Located on Highway 53 West, this strategically positioned parcel boasts approximately 1,715 feet of road frontage and is conveniently situated less than half a mile from Interstate 515. The property is zoned "Highway Business" and includes two existing commercial metal buildings, each measuring approximately 7,140 square feet. Currently leased at $5,000 per month each, these buildings generate consistent income. The property is serviced by city water, electricity, gas, phone, and internet, with septic systems in place. This highly desirable location is near a major shopping center with various retail and restaurant options, making it an ideal site for expansion or redevelopment. Built in 1989, this property represents one of the few remaining large acreage tracts near Jasper's center, offering unparalleled potential for growth and investment. The asking price is $8,500,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Pickens - GA
    State
    Georgia
    Longitude
    -84.463054
    Latitude
    34.4651198

    Comparable in this City

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    • $470,000
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      Turn-Key Restaurant Opportunity in Jasper

      Prime restaurant location with high visibility and ample parking.
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    • $470,000
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      Turn-Key Restaurant Opportunity in Jasper

      Prime restaurant location with high visibility and ample parking.
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    • $2,650,000
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      Versatile Lodge on Scenic Acres

      Unique commercial property with event space and natural beauty.
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      Jasper, GA Commercial Property

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    Similar Nearby for Sale

    • $855,000
      4,500 SF

      Jasper Retail Building - Prime Location

      Turnkey Retail Space, High-Growth Area, Excellent Visibility
      481 Noah Dr, Jasper, GA 30143
      View Details
    • $2,650,000
      11,885 SF

      Versatile Lodge on Scenic Acres

      Unique commercial property with event space and natural beauty.
      230 Old Mill White Ext, Jasper, GA 30143
      View Details
    • $1,500,000
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      Jasper, GA Commercial Property

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      311 Jonah Ln, Jasper, GA 30143
      View Details
    • $244,500
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      Live-Work Opportunity in Jasper, GA

      Unique live-work property with residential and commercial spaces in Jasper.
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    • $649,000
      5,000 SF

      Downtown Jasper Commercial Gem

      5,000 SF Vacant Storefront/Office
      501 Main St, Jasper, GA 30143
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    • $470,000
      0.48 Acres

      Turn-Key Restaurant Opportunity in Jasper

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

    Similar Nearby for Lease

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      Hwy 53 & Mountain Way Commercial Land

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      4,792 SF

      Downtown Jasper Office Space

      Prime commercial office space in downtown Jasper, Georgia.
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    • $2,000 /Mo
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      Open commercial space in a developing area near Atlanta.
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    • Contact for pricing
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      Industrial Building in Jasper, Georgia

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      Camp Road Complex

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      Downtown Jasper Office Space

      Prime commercial office space in downtown Jasper, Georgia.
      37 Court St, Jasper, GA 30143
      View Details
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    2264 Highway 53 W
    Jasper, GA 30143
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    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
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