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1901 Old Jacksboro Hwy 6,316 SF Office Building LaFollette, TN 37766 $950,100 CAD ($150.43 CAD/SF) 8.90% Cap Rate
Investment Highlights
- Right On Main Hwy
- Two Buildings, One Price
- Parking Onsite
Executive Summary
GREAT SELLER TERMS - BUSY HIGHWAY LOCATION - RENOVATED - CASHFLOW
Seller is willing to carry behind a new first deed of trust - so no money down!!!! In the heart of La Follette & just 10 minutes to Norris Lake, this property consists of two separate buildings. The original brick building is 2 stories and with only the first floor currently rented to an insurance agency. The entire 2nd floor is comprised of multiple offices, currently vacant and is projected to rent at $2000/mo. The 2nd building has tons of potential as an office warehouse with roll up doors & a partially finished upstairs area. This building is only partially used by a bookkeeping business with a current rent of $600/month.
Buyer to secure a 40% new first deed of trust and Seller will carry 60% for 7 years amortized over 30 years, interest rate of 7%, balloon 7 years from closing
Seller is willing to carry behind a new first deed of trust - so no money down!!!! In the heart of La Follette & just 10 minutes to Norris Lake, this property consists of two separate buildings. The original brick building is 2 stories and with only the first floor currently rented to an insurance agency. The entire 2nd floor is comprised of multiple offices, currently vacant and is projected to rent at $2000/mo. The 2nd building has tons of potential as an office warehouse with roll up doors & a partially finished upstairs area. This building is only partially used by a bookkeeping business with a current rent of $600/month.
Buyer to secure a 40% new first deed of trust and Seller will carry 60% for 7 years amortized over 30 years, interest rate of 7%, balloon 7 years from closing
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$109,091
|
$29.74
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$10,909
|
$2.97
|
| Effective Gross Income |
$98,182
|
$26.77
|
| Taxes |
$3,467
|
$0.95
|
| Operating Expenses |
$10,116
|
$2.76
|
| Total Expenses |
$13,583
|
$3.70
|
| Net Operating Income |
$84,599
|
$23.06
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $109,091 |
| Annual Per SF | $29.74 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $10,909 |
| Annual Per SF | $2.97 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $98,182 |
| Annual Per SF | $26.77 |
| Taxes (CAD) | |
|---|---|
| Annual | $3,467 |
| Annual Per SF | $0.95 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,116 |
| Annual Per SF | $2.76 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,583 |
| Annual Per SF | $3.70 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $84,599 |
| Annual Per SF | $23.06 |
Property Facts
Sale Type
Investment
Property Type
Building Size
6,316 SF
Building Class
C
Year Built/Renovated
1938/1977
Price
$950,100 CAD
Price Per SF
$150.43 CAD
Cap Rate
8.90%
NOI
$84,559 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,158 SF
Building FAR
0.18
Lot Size
0.80 AC
Amenities
- Storage Space
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Accountant
- Finance and Insurance
- 2,550 SF
- $0.33 CAD
- Plus Utilities
- -
- Security Insurance
- Finance and Insurance
- 1,550 SF
- $2.80 CAD
- Plus Utilities
- May 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Accountant | Finance and Insurance | 2,550 SF | $0.33 CAD | Plus Utilities | - | |
| Security Insurance | Finance and Insurance | 1,550 SF | $2.80 CAD | Plus Utilities | May 2028 |
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Property Taxes
| Parcel Number | 103E-A-001.00 | Total Assessment | $165,120 CAD (2025) |
| Land Assessment | $119,742 CAD (2025) | Annual Taxes | $3,467 CAD ($0.55 CAD/SF) |
| Improvements Assessment | $45,378 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
103E-A-001.00
Land Assessment
$119,742 CAD (2025)
Improvements Assessment
$45,378 CAD (2025)
Total Assessment
$165,120 CAD (2025)
Annual Taxes
$3,467 CAD ($0.55 CAD/SF)
Tax Year
2026
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1901 Old Jacksboro Hwy
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