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    The Largest CRE Database in the US with Over 1 Million Listings

    3220 Knob Creek Rd Johnson City, TN 37615

    Sponsored
    For Sale
    $1,385,000

    MULTI_FAMILY - Johnson City, TN

    Property size:
    3,990 SF
    Lot size:
    2.85 Acres
    Days on Market:
    10
    Last Refresh:
    Feb 3 at 8:06 pm

    Property Features for 3220 Knob Creek Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Security features
    Security System
    Window features
    Window Treatments
    Zoning
    A1
    Rooms
    Bedroom 2, Bathroom 6, Dining Room, Bathroom 2, Bedroom 5, Bedroom 7, Bedroom 3, Bathroom 5, Bedroom 1, Basement, Bedroom 6, Bathroom 1, Bathroom 4, Bathroom 3, Bedroom 4
    Bedrooms
    7
    APN
    036 018.03
    Parking features
    Open, Driveway, RV
    Patio and Porch features
    Patio
    Interior features
    Kitchen Island, Kitchen/Dining Combo, Open Floorplan, Pantry, Remodeled
    Basement
    Partially Finished, Partial
    Appliances
    Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
    Size
    3,990 SF
    Lot size
    2.85 Acres

    Utilities

    Sewer type
    Public Sewer, Septic Tank
    Heating system
    Central, Heat Pump (Heating), Natural Gas
    Cooling system
    Central Air, Heat Pump
    Water source
    Well, Public

    Building Details

    Year built
    1988
    Floors in Building
    2
    Number of units
    7
    Flooring type
    Laminate, Hardwood, Tile - Ceramic
    Building materials
    Brick
    Roof type
    Shingle
    Additional Structures
    Kennel/Dog Run

    We can help!

    Listing Contact
    Brittany Reed
    Brittany Reed

    Selling Stateline Real Estate Group (423) 343-9026

    Listing agent Brittany Reed (423) 773-9374 License #330034

    Listing date Jan 25, 2026

    MLS# 9989912 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Johnson City Mini-Farm Multi-Residence Property

    This unique property in Johnson City, Tennessee, presents a rare opportunity with extensive possibilities on 2.7 acres. The remodeled main house offers approximately 2,069 finished square feet with farmhouse-style charm and an open floor plan. The updated kitchen features white cabinetry, granite countertops, stainless steel appliances, and a large island. A 20x20 sunroom provides pastoral views. The upper level includes three bedrooms and two full bathrooms, with a fourth bedroom and third full bathroom in the finished basement. Hardwood and ceramic tile flooring are present throughout. Additional features include a two-car drive-under garage, natural gas heat, a tankless water heater, an architectural shingle roof installed in 2020, stone exterior details, and a 20x20 covered back deck with a stone firepit. Beyond the main house, there is a detached office with central heat and air. The property also includes a one-bedroom studio home with its own kitchen, full bathroom, and heating and air, fully staged and move-in ready. Additionally, there is a two-bedroom, two-bath apartment built in 2005 that is also fully staged. The land is suitable for horses, cows, or hobby farming, and features a 30x40 metal barn with two detached half baths, a 25x25 two-car detached garage, a 12x20 storage building, and a separate fenced area for pets with a built-in dog house. The property is zoned A-1, allowing for agricultural operations, greenhouses, agritourism, bed and breakfast, churches, animal hospitals, and daycare centers. The main house is on well water with a leased Culligan system, while the additional residences are on city water.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Knob Creek Meadows Wedding Service

    Suggested Use

    Building Supply Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.437565
    Latitude
    36.355571

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    FAQs

    What type of property is this?
    Farm - Rare opportunity: mini-farm with multi-residence setup on 2.7 acres.
    Where is this farm located?
    The property is located at 3220 Knob Creek Rd Johnson City, TN.
    What is the asking price?
    The asking price for this property is $1,385,000.
    What are key features of this property?
    This property features: - Multiple Income-Generating Residences: Currently generating $6,600 per month in rental income.; - Expansive 2.7-Acre Mini-Farm: Features a 30x40 metal barn, 25x25 two-car detached garage, and a 12x20 storage building.; - Completely Remodeled Main House: Offers 2,069 sq ft with farmhouse charm and an open floor plan.
    (423) 773-9374
    Request Owner's contact information
    3220 Knob Creek Rd Johnson City, TN 37615
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    Johnson City, TN 37615
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    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
    3220 Knob Creek Rd Johnson City, TN 37615
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    We can help!
    Listing Contact
    Brittany Reed
    Brittany Reed
    Real Estate License ID: 330034
    (423) 773-9374
    Learn more
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