Two-Suite Mixed-Use
202 BETSY PACK DR, Jasper, TN 37347
For Sale
Contact for pricing
One space houses an operating salon, while the other offers updated interior finishes and is ready for a new business.
Property Size2,100 SF
Price / SF$128.52
Days on Market36
Property Features for 202 BETSY PACK DR
General Information
Standard status
Size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Condition
Utilities to Site
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
CENTURY 21 Cumberland Realty
Listed By:
Amanda Matthews · License TN #320665
(423) 240-4974
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 5:27PM
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 CENTURY 21 Cumberland Realty
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Investment Insights
Based on property information with market context.
This mixed-use commercial building contains two separate spaces totaling 2,100 square feet. One is occupied by a hair salon and includes a remodeled bathroom. The other, most recently used as a photography studio, has a remodeled bathroom, new electrical, doors and flooring, plus a dropped ceiling and updated lighting. It is configured for a new business, office or studio use. Each side has its own gas line and electrical service; the spaces share a water line.
Situated in downtown Jasper at 202 Betsy Pack Dr, the property has parking at the front and six designated spaces at the rear. The existing salon occupancy and the separate updated space provide distinct configurations within one building.
Situated in downtown Jasper at 202 Betsy Pack Dr, the property has parking at the front and six designated spaces at the rear. The existing salon occupancy and the separate updated space provide distinct configurations within one building.
Key Highlights
- Two separate commercial spaces totaling 2,100 SF
- One space is occupied by a hair salon
- Second space has remodeled bathroom, new electrical, doors and flooring, dropped ceiling and updated lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,184
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,680
$463.7K
Cap Rate 7%
$331,200
$331.2K
Cap Rate 9%
$257,600
$257.6K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$40.3K $19.20/SF
− Vacancy
−$3.2K −$1.54/SF
EGI
$37.1K $17.66/SF
− OpEx
−$13.9K −$6.62/SF
NOI
$23.2K $11.04/SF
Area
Marion County, TN
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,680
Cap Rate 7%
$331,200
Cap Rate 9%
$257,600
Alternative Uses
Best Use
Mixed Use
$331.2K
$289.8K – $386.4K
NOI $23,184 @ 7.0% cap · market cap 8.59%
Second Best
Retail
$231.8K
$202.9K – $270.5K
NOI $16,229 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$463.8K
$405.8K – $541.1K
NOI $32,466 @ 7.0% cap · market cap 12.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
296
Businesses Nearby
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Business Placement
Demographics for 37347, TN
8,280
Population
3,996
Households
2.1
Avg Household Size
44
Median Age
19%
College-Educated
87%
High-School Grad
48.9 sq mi
ZIP Area
169
Density / Sq Mi
$57,854
Median Household Income
$36,734
Median Earnings
$798
Median Rent
$141,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - One space houses an operating salon, while the other offers updated interior finishes and is ready for a new business.
Where is this mixed-use property located?
The property is located at 202 BETSY PACK DR Jasper, TN.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Two separate commercial spaces totaling 2,100 SF; One space is occupied by a hair salon; Second space has remodeled bathroom, new electrical, doors and flooring, dropped ceiling and updated lighting
