Mixed-Use Property with Office and
For Sale
$374,500
1165 Towe String Rd, Jacksboro, TN 37757
Office and residential components offer flexible live-work, rental, or owner-user configurations.
Property Size2,576 SF
Price / SF$145.38
Days on Market43
Property Features for 1165 Towe String Rd
General Information
Standard status
Active
Size
2,576 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
with a little reno work
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA
Multifamily Units
1
Building Details
Year Built
1989
Buildings
2
Owner Occupied
Yes
Listing Agency:
RIDGE Real Estate LLC
(865) 518-4324
Listed By:
Southern Charm Homes · License #2108
(865) 518-4324
Source:
Southerncharm
Added: Jul 20
Changed: Aug 28
Last Checked: Aug 30 at 4:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RIDGE Real Estate LLC
Investment Insights
Based on property information with market context.
This 2,576-square-foot mixed-use property combines an approximately 1,120-square-foot office component with a spacious three-bedroom, two-bath apartment. The office includes a waiting area, reception area, three private offices, a full kitchen, half bath, and large storage room. The residence features a large living room, kitchen and dining area, multiple pantries, walk-in closets in two bedrooms, an ensuite bath, hall bath, and a storage-equipped laundry room. Major appliances may convey.
Located at 1165 Towe String Rd in Jacksboro, the building has paved access from the front and step-free entry. A separate oversized storage building includes a ramp for dolly access. The apartment roof was replaced recently, while the office roof remains in good condition. HVAC units and the office water heater were updated within the last year. The office and apartment have separate water and electric meters and share a septic system.
The property was built in 1989. A deed restriction prohibits real estate and heating-and-air businesses from operating at the site.
Located at 1165 Towe String Rd in Jacksboro, the building has paved access from the front and step-free entry. A separate oversized storage building includes a ramp for dolly access. The apartment roof was replaced recently, while the office roof remains in good condition. HVAC units and the office water heater were updated within the last year. The office and apartment have separate water and electric meters and share a septic system.
The property was built in 1989. A deed restriction prohibits real estate and heating-and-air businesses from operating at the site.
Key Highlights
- 2,576‑square‑foot mixed‑use property with office and residential components
- Approximately 1,120‑square‑foot office area with reception, waiting area, 3 offices, kitchen, half bath, and storage
- 3‑bedroom, 2‑bath apartment with ensuite primary bath and walk‑in closets
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,080
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$681,600
$681.6K
Cap Rate 7%
$486,857
$486.9K
Cap Rate 9%
$378,667
$378.7K
Market Conditions
NOI Build-Up for 2,576 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$54.1K $21.00/SF
− Vacancy
−$8.7K −$3.36/SF
EGI
$45.4K $17.64/SF
− OpEx
−$11.4K −$4.41/SF
NOI
$34.1K $13.23/SF
Area
Campbell County, TN
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$681,600
Cap Rate 7%
$486,857
Cap Rate 9%
$378,667
Alternative Uses
Best Use
Office B
$486.9K
$426.0K – $568.0K
NOI $34,080 @ 7.0% cap · market cap 9.10%
Second Best
Mixed Use
$401.9K
$351.6K – $468.8K
NOI $28,130 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$638.0K
$558.3K – $744.4K
NOI $44,662 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 37757, TN
9,494
Population
4,830
Households
2
Avg Household Size
43
Median Age
14%
College-Educated
88%
High-School Grad
28.3 sq mi
ZIP Area
335
Density / Sq Mi
$63,889
Median Household Income
$41,554
Median Earnings
$732
Median Rent
$201,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Office and residential components offer flexible live-work, rental, or owner-user configurations.
Where is this mixed-use property located?
The property is located at 1165 Towe String Rd Jacksboro, TN.
What is the asking price?
The asking price for this property is $374,500.
What are key features of this property?
This property features: 2,576‑square‑foot mixed‑use property with office and residential components; Approximately 1,120‑square‑foot office area with reception, waiting area, 3 offices, kitchen, half bath, and storage; 3‑bedroom, 2‑bath apartment with ensuite primary bath and walk‑in closets
