Jasper, TN Commercial
For Sale
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4354 Main St, Jasper, TN 37347
2166 SF commercial space in Jasper, Tennessee.
Property Size2,166 SF
Price / SF$103.88
Days on Market160
Property Features for 4354 Main St
General Information
Standard status
Active
Size
2,166 SF
Class
C
Property subtype
Office
Zoning
commercial
Building Details
Year Built
1960
Buildings
1
Stories
1
Listing Agency:
RE/MAX Realty South
(423) 637-0492
Listed By:
Melissa Hubbard · License #TN 352509
Source:
Crexi
Added: Mar 4
Changed: Aug 8
Last Checked: Aug 11 at 6:15AM
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 RE/MAX Realty South
Investment Insights
Based on property information with market context.
Located in Jasper, Tennessee, this Class C property offers 2166 square feet of open space, including a restroom and storage. The building's potential uses include a laundromat, coffee house, storefront, warehouse, storage facility, gym, restaurant, or office space. The property is move-in ready and features a light-colored exterior, large front windows providing ample light, and a concrete slab floor. Situated across from the courthouse and county square, the location benefits from high traffic volume.
Key Highlights
- High‑traffic location across from the courthouse and county square
- Move‑in ready with 2166 sq ft of open space, including a restroom and storage
- Versatile space suitable for various businesses: laundry mat, coffee house, storefront, warehouse, storage, gym, restaurant, or office
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
$20,157
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
8.96%
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%
$403,140
$403.1K
Cap Rate 7%
$287,957
$288.0K
Cap Rate 9%
$223,967
$224.0K
Market Conditions
NOI Build-Up for 2,166 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
$28.6K $13.20/SF
− Vacancy
−$1.7K −$0.79/SF
EGI
$26.9K $12.41/SF
− OpEx
−$6.7K −$3.10/SF
NOI
$20.2K $9.31/SF
Area
Marion County, TN
Vacancy
6.00%
Lease Rate
$13.20 /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%
$403,140
Cap Rate 7%
$287,957
Cap Rate 9%
$223,967
Alternative Uses
Best Use
Office B
$355.1K
$310.7K – $414.3K
NOI $24,855 @ 7.0% cap · market cap 11.05%
Second Best
Specialty Retail
$288.0K
$252.0K – $336.0K
NOI $20,157 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$478.4K
$418.6K – $558.1K
NOI $33,486 @ 7.0% cap · market cap 14.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - 2166 SF commercial space in Jasper, Tennessee.
Where is this office units located?
The property is located at 4354 Main St Jasper, TN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: High‑traffic location across from the courthouse and county square; Move‑in ready with **2166 sq ft of open space, including a restroom and storage**; Versatile space suitable for various businesses: laundry mat, coffee house, storefront, warehouse, storage, gym, restaurant, or office
