Commercial Property in Johnson
534 & 528 W Market Street Johnson City, TN 37604
For Sale
$375,000
COMMERCIAL - Johnson City, TN
Property Size996 SF
Price / SF$376.51
Days on Market138
Property Features for 534 & 528 W Market Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- COMMERICAL
- Standard status
- Active
- APN
- 046o L 022.00
- Size
- 996 SF
Taxes and HOA fees
- Tax Annual Amount
- 1188
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Building materials
- Wood Siding
- Roof type
- Metal
Listing Agency:
REMAX Checkmate, Inc. Realtors
(423) 282-0432
Listed By:
Linda Whitehead · License #220748
(423) 213-9611
Added: Mar 10
Changed: May 14
Last Checked: Jul 25 at 9:06PM
MLS# 9992130
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.
This commercial property is situated in an area with ongoing business and construction activity. It includes an approximately 1000 square foot building that has been used as office space, featuring four offices, a kitchen, and a small enclosed porch suitable for storage. The property also contains one restroom. Plumbing, including a new water heater, was updated a few years ago, and a new metal roof has been installed. The site was recently used as a car sales lot, offering plenty of parking and visibility from the main highway intersection. The property includes two parcels: 046O L 020.00 and 046O L 022.00 R# 1920.
Key Highlights
- Prime location with high visibility on a main highway/intersection, near new business and construction
- Includes two parcels of land (046O L 020.00 AND 046O L 022.00)
- Recently updated metal roof
Financial Insights For Retail
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 | $22.9k | $23.04 |
| − Vacancy | −$688 | −$0.69 |
| EGI | $22.3k | $22.35 |
| − OpEx | −$6.7k | −$6.70 |
| NOI | $15.6k | $15.64 |
996 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$222.6K
$194.8K – $259.7K
NOI $15,582 @ 7.0% cap · market cap 4.16%
Second Best
Office B
$210.0K
$183.8K – $245.0K
NOI $14,701 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$420.0K
$367.5K – $490.0K
NOI $29,402 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Parking lots & garages
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 912 W Market St, Johnson City, TN 37604
- U-Haul Neighborhood Dealer — 607 N Roan St, Johnson City, TN 37601
- Hertz Car Rental - Johnson City - West Market HLE — 1000 W Market St, Johnson City, TN 37604
FAQs
What type of property is this?
Parking lot & garage - Commercial property with office space and ample parking.
Where is this parking lot & garage located?
The property is located at 534 & 528 W Market Street Johnson City, TN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Prime location with high visibility on a main highway/intersection, near new business and construction; Includes two parcels of land (046O L 020.00 AND 046O L 022.00); Recently updated metal roof
