Commercial Warehouse with Gated
104 Center Street Johnson City, TN 37615
104 Center Street, Johnson City, TN, 37615
$665,000
For Sale
$665,000
COMMERCIAL - Johnson City, TN
Property Size5,000 SF
Price / SF$133
Days on Market79
Property Features for 104 Center Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Standard status
- Active
- APN
- 012h C 011.02
- Size
- 5,000 SF
Taxes and HOA fees
- Tax Annual Amount
- 1083
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Electric (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1988
- Building materials
- Metal Siding
- Roof type
- Metal
Listing agency
Summit Properties
(423) 830-1133
Listed by
Luke Siele · License #370825
(423) 914-1337
Added: May 6 Updated: Jul 12 at 5:41AM Checked: Jul 23 at 2:06AM
MLS# 9994991
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 104 Center Street in Johnson City, this well-maintained commercial warehouse/flex space offers approximately 5,000 square feet of functional interior area. The layout includes a large garage door for loading and unloading, two private offices, a dedicated conference room, and a fully equipped kitchen. Restroom facilities include one full bathroom and two half baths. Additional property improvements include a high-efficiency HVAC system and an upgraded electrical panel to support a range of commercial operations.
The exterior features a gated and fully fenced lot with an automatic gate, providing added security and convenient access. The property is described as being just minutes from the interstate for maximum accessibility, placing it within reach of regional transportation.
Overall, the building combines warehouse practicality with dedicated office and meeting space, along with secure exterior storage or staging options created by the fenced and gated lot.
The exterior features a gated and fully fenced lot with an automatic gate, providing added security and convenient access. The property is described as being just minutes from the interstate for maximum accessibility, placing it within reach of regional transportation.
Overall, the building combines warehouse practicality with dedicated office and meeting space, along with secure exterior storage or staging options created by the fenced and gated lot.
Key Highlights
- 5,000 SF commercial warehouse built in 1988 in Gray, TN
- Metal roof and metal siding with electric heating and heat pump HVAC
- Loading‑friendly setup with large garage door for easy loading and unloading
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.0k | $12.00 |
| − Vacancy | −$3.6k | −$0.72 |
| EGI | $56.4k | $11.28 |
| − OpEx | −$19.7k | −$3.95 |
| NOI | $36.7k | $7.33 |
5,000 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$523.7K
$458.3K – $611.0K
NOI $36,660 @ 7.0% cap · market cap 5.51%
Second Best
Warehouse
$484.5K
$423.9K – $565.3K
NOI $33,915 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,600 @ 7.0% cap · market cap 22.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Well-maintained warehouse with large garage door, offices, HVAC, and a gated, fully fenced lot for secure access.
Where is this flex space located?
The property is located at 104 Center Street Johnson City, TN.
What is the asking price?
The asking price for this property is $665,000.
What are key features of this property?
This property features: 5,000 SF commercial warehouse built in 1988 in Gray, TN; Metal roof and metal siding with electric heating and heat pump HVAC; Loading‑friendly setup with large garage door for easy loading and unloading
