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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    655 Philadelphia Rd Jasper, GA 30143

    • Commercial real estate
    • 12.48 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1161708
    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

    • Commercial real estate

    Property Details for 655 Philadelphia Rd

    Lot size
    12.48 lot acres
    Property type
    Commercial real estate
    APN
    030D 086

    Description

    This 12.48-acre commercial land assemblage in Jasper, Georgia, is ideally situated at the corner of Philadelphia Road and Highway 515, boasting a daily traffic count of 24,000 vehicles. Zoned Highway Business, this property offers significant development potential. The southern portion, bordering Highway 515, extends to its intersection with Old Philadelphia Road, where a portion is currently leased to a mobile home sales center. A key advantage is proximity to existing infrastructure; a nearby lift station, installed by DR Horton, connects to the Walmart sewer line, potentially benefiting future development on this site. The location is highly desirable, within Jasper city limits and surrounded by major retailers including Walmart, Kroger, Home Depot, Ingles, and a new Publix. Further enhancing its appeal is the presence of a new Planned Unit Development (PUD) at the northwest corner of Highway 515 and Philadelphia Road, and another planned 100-acre PUD across Philadelphia Road, incorporating commercial space, active adult cottages, and townhomes. The asking price is $2,200,000, or approximately $163,000 per acre, with the seller open to offers. The APN is 030D 086. This prime location presents a rare opportunity for significant commercial development.

    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
    State
    Georgia
    Longitude
    -84.4663629
    Latitude
    34.4811975

    Comparable in this City

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      Jasper, GA Commercial Land

      23+ Acres, Hwy 515 Frontage
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    • $7,400,000
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      Jasper Commercial Land - I-515 Frontage

      21 Acres, High-Traffic Location, C-2 Zoning
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    • $785,000
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      Jasper Residential Development Opportunity

      16.73-acre residential land with approved permits in Jasper, Georgia.
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    • $79,900
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      Land in Gated Jasper Community

      3.02-acre homesite in The Preserve, Jasper, Georgia.
      301 Ridgeside Ct, Jasper, GA 30143
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    • $125,000
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      Land in Big Canoe, GA

      Residential land for sale in Big Canoe, Georgia.
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    • $30,000
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      Land in Bent Tree Community

      0.9-acre lot in Bent Tree gated community, Jasper, GA.
      Oglethorpe Mountain Rd, Jasper, GA 30143
      View Details

    Similar Nearby for Sale

    • $1,700,000
      23.53 Acres

      Jasper, GA Commercial Land

      23+ Acres, Hwy 515 Frontage
      515 And Aw Lawson Hwy, Jasper, GA 30143
      View Details
    • $7,400,000
      21.22 Acres

      Jasper Commercial Land - I-515 Frontage

      21 Acres, High-Traffic Location, C-2 Zoning
      267 Salem Church Rd, Jasper, GA 30143
      View Details
    • $785,000
      16 SF

      Jasper Residential Development Opportunity

      16.73-acre residential land with approved permits in Jasper, Georgia.
      733 Gennett Dr, Jasper, GA 30143
      View Details
    • $79,900
      3.02 Acres

      Land in Gated Jasper Community

      3.02-acre homesite in The Preserve, Jasper, Georgia.
      301 Ridgeside Ct, Jasper, GA 30143
      View Details
    • $125,000
      1.14 Acres

      Land in Big Canoe, GA

      Residential land for sale in Big Canoe, Georgia.
      3268 Red Trillium Rdg, Big Canoe, GA 30143
      View Details
    • $30,000
      0.90 Acres

      Land in Bent Tree Community

      0.9-acre lot in Bent Tree gated community, Jasper, GA.
      Oglethorpe Mountain Rd, Jasper, GA 30143
      View Details

    Similar Nearby for Lease

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      Hwy 53 & Mountain Way Commercial Land

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    • $2,367 /Mo
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      Downtown Jasper Office Space

      Prime commercial office space in downtown Jasper, Georgia.
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    • Contact for pricing
      16,400 SF

      Industrial Building in Jasper, Georgia

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      Camp Road Complex

      Office Suite for Lease
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    • $2,367 /Mo
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      Downtown Jasper Office Space

      Prime commercial office space in downtown Jasper, Georgia.
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      View Details
    • $2,000 /Mo
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      Jasper, GA Commercial Space

      Open commercial space in a developing area near Atlanta.
      51 Bryant St, Jasper, GA 30143
      View Details
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    655 Philadelphia Rd
    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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