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    1841 Main St Jasper, TN 37347

    Sponsored
    For Sale
    $650,000

    MULTI_FAMILY - Jasper, TN

    Property size:
    1,200 SF
    Lot size:
    3.13 Acres
    Days on Market:
    251
    Last Refresh:
    Jan 22 at 4:06 am

    Property Features for 1841 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Spa
    1
    Rooms
    Bedroom 2, Bedroom 8, Bedroom 6, Bedroom 7, Bedroom 9, Bathroom 12, Bedroom 10, Bedroom 5, Bathroom 13, Bedroom 3, Bedroom 1, Bedroom 11, Bathroom 14, Bedroom 16, Bathroom 2, Bathroom 6, Bedroom 15, Bathroom 8, Bathroom 1, Bathroom 4, Bathroom 7, Bathroom 5, Bedroom 4, Bedroom 17, Bedroom 14, Bathroom 3, Bathroom 9, Bathroom 15, Bedroom 13, Bedroom 12, Bathroom 10, Bathroom 11
    Bedrooms
    17
    APN
    119 059.02
    Parking features
    Off Street, Driveway
    Patio and Porch features
    Porch
    Pets allowed
    Cats OK, Call, Yes, Dogs OK
    Interior features
    Ceiling Fan(s), Eat-in Kitchen, High Speed Internet
    Exterior features
    Lighting, Storage
    Appliances
    Washer/Dryer Stacked, Washer/Dryer, Refrigerator, Cooktop, Convection Oven
    Size
    1,200 SF
    Lot size
    3.13 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating), Electric (Heating)
    Cooling system
    Window Unit(s), Varies by Unit
    Water source
    Public

    Building Details

    Year built
    1980
    Floors in Building
    1
    Number of units
    10
    Flooring type
    Vinyl, Laminate
    Building materials
    Metal Siding, Vinyl Siding
    Roof type
    Metal
    Additional Structures
    Outbuilding, Storage

    We can help!

    Listing Contact
    Jason Galaz
    Jason Galaz

    EXP Realty (888) 519-5113 [email protected]

    Listing agent Jason Galaz (888) 519-5113 License #344914

    Listing date May 17, 2025

    MLS# 1512405 Listing URL

    Copyright © 2026 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Turnkey Mobile Home Park Investment

    This mobile home park investment opportunity is located in the Jasper/Kimball corridor of Kimball, Tennessee. The well-maintained park features 10 lots, including 7 fully renovated park-owned homes and 3 tenant-owned homes. The property generates $91,500 in gross annual income. Property upgrades include new metal roofs, PEX plumbing, updated interiors, and gravel driveways. The park has tenant-paid electric and city water. A property manager is in place and willing to stay with new ownership. There is expansion potential with space to add 2-3 additional spaces, pending city approval, and an existing structure ready for conversion. The property is located minutes from major highways and economic hubs. Investors can unlock further upside through water submetering and market-aligned rent adjustments. Strong occupancy and a waiting list provide stability. The property includes a fully maintained septic system infrastructure. The lot size is 3.13 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Marion
    State
    Tennessee
    Longitude
    -85.660267
    Latitude
    35.052574

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    FAQs

    What type of property is this?
    Mobile home & RV park - Profitable mobile home park with expansion potential in Jasper, Tennessee.
    Where is this mobile home & rv park located?
    The property is located at 1841 Main St Jasper, TN.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - High-yield investment opportunity: Generates $91,500 gross annual income with a strong 11%+ Cap Rate.; - Turnkey operation: Includes 7 renovated Park-Owned Homes and an experienced property manager willing to stay.; - Expansion potential: Space to add 2-3 additional spaces and an existing structure ready for conversion.
    (615) 410-6393
    Request Owner's contact information
    1841 Main St Jasper, TN 37347
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    Jasper, TN 37347
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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
    1841 Main St Jasper, TN 37347
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    We can help!
    Listing Contact
    Jason Galaz
    Jason Galaz
    Real Estate License ID: 344914
    (615) 410-6393
    Learn more
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