Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    245 Lookout Vw Dr Jasper, TN 37347

    Sponsored
    For Sale
    $165,900

    LAND - Jasper, TN

    Lot size:
    1.27 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 29 at 6:06 pm

    Property Features for 245 Lookout Vw Dr

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Security features
    Security System
    Zoning
    R-1
    APN
    108. 016.90
    Lot size
    1.27 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Jessica Wright

    RE/MAX Realty South (423) 942-3333

    Listing agent Jessica Wright (423) 942-3333 License #369302

    Listing date Jan 24, 2026

    MLS# 1397678 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

    Jasper Highlands Gated Community Land

    Located within the gated community of Jasper Highlands, this 1.27-acre lot offers a flat building site with a mixture of hardwood trees and a seasonal stream at the back. The property is situated in a mountaintop development elevated above the Tennessee River Bluffs. The location may provide mountain views, especially from upper decks of a two-story home. Jasper Highlands is a private, gated community located on the Cumberland Plateau in east Tennessee, approximately 45 minutes west of Chattanooga and 2 hours south of Nashville. The property is zoned R-1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Jasper
    County
    Marion
    State
    Tennessee
    Longitude
    -85.659612
    Latitude
    35.075894

    Nearby Similar for Sale

    • $650,000
      1,200 SF

      Turnkey Mobile Home Park Investment

      Profitable mobile home park with expansion potential in Jasper, Tennessee.
      1841 Main St, Jasper, TN 37347
      View Details
    • New
      $385,000
      3,712 SF

      Fully Occupied Income-Producing Quadplex

      All-brick quadplex with recent upgrades and individual tenant-paid utilities.
      411 Elm Ave, Jasper, TN 37347
      View Details
    • $650,000

      Turnkey Mobile Home Park Investment

      Profitable mobile home park in Jasper/Kimball corridor with expansion potential.
      1841 Main St, Jasper, TN 37347
      View Details
    • Contact for pricing
      0.78 Acres

      Land For Sale, Jasper, TN

      0.78 acre lot for sale in Jasper, Tennessee.
      Short Holw Rd, Jasper, TN 37347
      View Details
    • $349,000

      Highway Retail Building For Sale

      3200 SF retail building on a corner lot.
      6451 Highway 41, Jasper, TN 37347
      View Details
    • $295,000
      4,320 SF

      Jasper Highway 41 Mixed-Use Building

      High-traffic location, versatile space, great potential.
      6459 Highway 41, Jasper, TN 37347
      View Details
    • $439,000
      3,200 SF

      Jasper Highway 41 Mixed-Use

      High-traffic corner lot, 3200 sq ft building.
      6451 Highway 41, Jasper, TN 37347
      View Details
    • $715,000
      7,520 SF

      Jasper Commercial Duo - Highway 41

      Two adjacent commercial buildings, 7,520 sq ft total.
      Highway 41, Jasper, TN 37347
      View Details
    • $215,000
      2,754 SF

      Jasper Main Street Office Building

      Prime Jasper Office, Two Units, $215K
      4139 Main St, Jasper, TN 37347
      View Details
    • $3,500,000
      14,000 SF

      Jasper TN Industrial Warehouse - $3.5M

      High-Cap Rate Warehouse, 14,000 SF, Vacant
      1300 Shellmound Rd, Jasper, TN 37347
      View Details
    • $1,459,900
      7,644 SF

      Jasper, TN Apartment Building Investment

      14-Unit Apartment Complex, 7% Cap Rate
      5640 Us-41, Jasper, TN 37347
      View Details

    FAQs

    What type of property is this?
    Land - Flat 1.27-acre lot in Jasper Highlands, ready for building.
    Where is this land located?
    The property is located at 245 Lookout Vw Dr Jasper, TN.
    What is the asking price?
    The asking price for this property is $165,900.
    What are key features of this property?
    This property features: - Gated community in Jasper Highlands.; - Flat 1.27-acre lot, ready to build your dream home.; - Potential for mountain views with two-story construction.
    (816) 812-1443
    Request Owner's contact information
    245 Lookout Vw Dr Jasper, TN 37347
    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.
    245 Lookout Vw Dr
    Jasper, TN 37347
    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
    245 Lookout Vw Dr Jasper, TN 37347
    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

    We can help!
    Listing Contact
    Jessica Wright
    Real Estate License ID: 369302
    (816) 812-1443
    Learn more
    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.