Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    170 Griffith St Jasper, TN 37347-3532
    Back to Search
    Property profile & analytics

    170 Griffith St Jasper, TN 37347-3532

    View on Map
    • Warehouses
    • 3,000 SF
    • 0.09 lot acres
    Off-Market
    Property ID
    US80-0982849
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Advanced Heating & Air / Hardware & Home Improvement / HVAC Service

    Property Details for 170 Griffith St

    Year built
    1950
    Lot size
    0.09 lot acres
    Property size
    3,000 SF
    Property type
    Warehouses
    APN
    058119D A 01800
    APU
    058119DA01800

    Description

    This 3,000 square foot warehouse building, located at 170 Griffith Street in downtown Jasper, Tennessee (zip code 37347), is offered for sale at $115,000. The property is classified as industrial and features ample space suitable for a variety of business uses. Its previous use was as a heating and air conditioning business, suggesting potential for similar ventures or adaptable spaces for other industries. The building is situated in Marion County, Tennessee, providing convenient access to local amenities and transportation routes. The property is being sold directly by the owner, offering a streamlined transaction process. This presents a unique opportunity for entrepreneurs and investors seeking a well-located warehouse space in a thriving downtown area. The building's size and location make it an attractive option for businesses requiring substantial storage or workspace. Serious inquiries are encouraged to explore the potential of this versatile property. Further details regarding the building's internal layout and features are available upon request. The sale price represents a compelling investment opportunity in the Jasper, Tennessee market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Marion
    State
    Tennessee
    Longitude
    -85.6253
    Latitude
    35.0734
    CBSA code
    16860
    CBSA name
    CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $464
    $5,880
    $16,000
    $21,880
    -
    $14,700
    $40,000
    $54,700

    Comparable in this City

    • Value Estimation by Request
      5,125 SF

      Pne Ave

      WAREHOUSE, STORAGE • 5,125 SF
      Pne Ave, Jasper, TN 37347
      View Details
    • Value Estimation by Request
      5,472 SF

      808 Pryor Cv Rd

      WAREHOUSE, STORAGE • 5,472 SF
      808 Pryor Cv Rd, Jasper, TN 37347-2520
      View Details
    • Value Estimation
      $1,560,000
      28,308 SF

      6555 Hwy 41

      WAREHOUSE, STORAGE • 28,308 SF
      6555 Hwy 41, Jasper, TN 37347-7114
      View Details
    • Value Estimation by Request
      2,542 SF

      6984 Hwy 41

      WAREHOUSE, STORAGE • 2,542 SF
      6984 Hwy 41, Jasper, TN 37347
      View Details
    • Value Estimation by Request
      6,370 SF

      5693 Hwy 41

      WAREHOUSE, STORAGE • 6,370 SF
      5693 Hwy 41, Jasper, TN 37347-3679
      View Details
    • Value Estimation by Request
      2,700 SF

      175 Industrial Blvd

      WAREHOUSE, STORAGE • 2,700 SF
      175 Industrial Blvd, Jasper, TN 37347-5322
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,166 SF

      Jasper, TN Commercial Space

      2166 SF commercial space in Jasper, Tennessee.
      4354 Main St, Jasper, TN 37347
      View Details
    • Contact for pricing
      14,000 SF

      Interstate Location in Tennessee

      Excellent location near the river, suitable for various commercial uses.
      1300 Shellmound Rd, Jasper, TN 37347
      View Details
    • $389,000
      3,000 SF

      Versatile Office Space in Jasper

      Well-maintained office space with month-to-month tenants in Jasper, TN.
      3565 Main St, Jasper, TN 37347
      View Details
    • $219,900
      2.90 Acres

      Residential Land in Jasper Highlands

      2.9-acre lot in gated Jasper Highlands community.
      Moonlight Ln, Jasper, TN 37347
      View Details
    • $85,000
      0.77 Acres

      Residential Lot in Jasper Highlands

      0.77 acre residential lot in Jasper, Tennessee.
      Whiskey Way, Jasper, TN 37347
      View Details
    • $89,000
      0.82 Acres

      Wooded Homesite in Jasper Highlands

      0.82-acre wooded lot in a gated mountaintop community.
      Crockett Pt, Jasper, TN 37347
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Professional Office Suite in Jasper

      2,000 SF office suite on Main Street, Jasper, TN.
      502 Westfield Pl, Jasper, TN 37347
      View Details
    • Contact for pricing

      Prime Kimball Location For Lease

      Highly visible commercial property near I-24 ready for development.
      545 Main St, Kimball, TN 37347
      View Details
    • Contact for pricing

      Versatile Commercial Building in Jasper

      16,368 sq ft commercial building in high-traffic Jasper, TN.
      3600 Main St, Jasper, TN 37347
      View Details
    • Contact for pricing

      Land with Interstate Visibility

      Commercial land available for rent with high visibility.
      300 Kimball Crossing Dr, Kimball, TN 37347
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Kimball Crossing

      Retail space available in Kimball Crossing with high visibility.
      525 Kimball Crossing Dr, Kimball, TN 37347
      View Details
    • $29 SF/Yr

      Restaurant Space Near Interstate I-24

      Restaurant property for lease near I-24 in Kimball, Tennessee.
      354 Kimball Crossing Dr, Kimball, TN 37347
      View Details
    Request Owner's contact information
    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.
    170 Griffith St
    Jasper, TN 37347-3532
    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
    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

    Thank You for Inquiry
    170 Griffith St, Jasper, TN, 37347
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!