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    Downtown Jackson Multi-Family Opportunity Title is generated by Realmo AI

    110 & 120 W HANSEN Avenue, Jackson, WY 83001

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    For Sale
    $4,500,000

    MULTI_FAMILY - Jackson, WY

    Property size:
    1,902 SF
    Lot size:
    0.26 Acres
    Price / SF:
    $2,365/SF
    Added:
    Jul 18, 2025
    Days on Market:
    311
    Last Refresh:
    May 24 at 2:06 pm

    Property Features for 110 & 120 W HANSEN Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Basement
    Partial
    Standard status
    Active
    APN
    22-41-16-33-1-21-001
    Size
    1,902 SF
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    11661

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1946
    Architectural style
    Other

    We can help!

    Listing Contact
    Ed Liebzeit

    Listing agent Ed Liebzeit

    Listing office Jackson Hole Sotheby's International Realty 185 W Broadway PO Box 3281, Jackson, WY

    Listing date Jul 18, 2025

    MLS# 26-284 Listing URL

    Copyright © 2026 Teton Board 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.

    HighLights

    • Prime downtown Jackson location on two lots
    • NH‑1 zoning allows for residential, multi‑family, or mixed‑use redevelopment
    • Close proximity to the Center for the Arts and Town Square
    • Opportunity for in‑town residence or multiple rental properties
    • Enjoy views of Snow King Mountain, including skiers and fireworks
    • Public water and sewer connections

    Overview

    This property presents a unique opportunity to acquire two lots situated in a prime downtown Jackson location. For 52 years, this location has been the home of the Gai Mode Beauty Salon. Now, for the first time, the salon and adjacent home on two lots are available. The property offers several possibilities, including an in-town residence, multiple rental properties, or redevelopment leveraging the NH-1 zoning. Redevelopment options include a new home, multi-family dwelling, or a combination thereof. The property is located one block from the Center for the Arts and is close to various other amenities, with the Town Square just four blocks away. The location provides views of Snow King, offering sights of skiers, fireworks, and a pastoral setting. The property, encompassing 0.26 acres, features a 1,902-square-foot structure. The property is located in Teton County, in Jackson, WY. The property's location, history, and potential make it a special place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Storage Facility Shopping Center & Mall Pet Store (Bike/Boat/Book/etc) Store Pet Store & Service Pet Grooming Service (Bike/Boat/Book/etc) Store Locksmith Clothing & Fashion Store (Bike/Boat/Book/etc) Store

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

    Similar Places Nearby

    • Jackson Hole Flower Farm — 140 S King St Suite D, Jackson, WY 83001
    • Lily & Co — 95 W Deloney Ave, Jackson, WY 83001
    • Forever Green Floral Studio — 160 W Broadway unit c, Jackson, WY 83001
    • Briar Rose — 495 E Hansen Ave, Jackson, WY 83001

    Location Insight

    • Map
    • Local Demand
    City
    Jackson
    County
    Teton
    State
    Wyoming
    Longitude
    -110.764022
    Latitude
    43.47618

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    FAQs

    What type of property is this?
    Storefront property - Two lots in downtown Jackson with redevelopment potential.
    Where is this storefront property located?
    The property is located at 110 & 120 W HANSEN Avenue Jackson, WY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Prime downtown Jackson location on two lots; NH‑1 zoning allows for residential, multi‑family, or mixed‑use redevelopment; Close proximity to the Center for the Arts and Town Square
    (307) 739-8010
    We can help!
    Listing Contact
    Ed Liebzeit
    Request Owner's contact information
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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.

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