Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Mia Gracie Court Johnson City, TN 37615

    View on Map
    Pending
    $69,500

    LAND - Johnson City, TN

    Added:
    Dec 1, 2025
    Days on Market:
    121
    Last Refresh:
    Apr 1 at 11:06 pm

    Property Features for Mia Gracie Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R2A Rp2
    Standard status
    Pending
    APN
    036b B 013.00

    Taxes and HOA fees

    TaxAnnualAmount
    270

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Lora Dowling

    Listing agent Lora Dowling License #324547

    Listing office Greater Impact Realty Jonesborough 372 E Jackson Blvd, Jonesoborough, TN

    Listing date Dec 1, 2025

    MLS# 9988854

    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.

    Overview

    Ready-to-Build Lot in Highland Parc

    This ready-to-build lot is located in the cul-de-sac of Highland Parc, a prestigious neighborhood. The property offers an opportunity to create a dream home in a desirable location. The community features sidewalks and maintained areas suitable for walking, bike riding, and enjoying the outdoors. The property is located in Johnson City, Washington County, Tennessee, with postal code 37615. The zoning is R2A Rp2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.458019
    Latitude
    36.360436

    Nearby Similar for Sale

    • $525,000

      Commercial Space in Gray, TN

      Commercial space suitable for retail or automotive use.
      127 Cherry Street, Johnson City, TN 37615
      View Details
    • $849,000
      11,104 SF

      Renovated Office Building, Johnson City

      Turn-key 11,104 SF office building in Johnson City, TN.
      2710 S Roan Street, Johnson City, TN 37601
      View Details
    • $835,000
      8,312 SF

      High Exposure Commercial Opportunity

      Prime commercial land with high visibility and traffic.
      3096 N Roan Street, Johnson City, TN 37601
      View Details
    • $650,000
      4,147 SF

      High-Visibility Commercial Building For Sale

      Income-producing commercial building with high visibility and development potential.
      401 Elm Street, Johnson City, TN 37601
      View Details
    • $400,000
      1,475 SF

      Prime Downtown Commercial Condo

      High-visibility commercial condo in Johnson City's active downtown corridor.
      124 Tipton Street, Johnson City, TN 37604
      View Details
    • $425,000
      2,600 SF

      Commercial Building with Office Spaces

      Commercial building featuring eight individual office spaces in Johnson City.
      1001 N Roan Street, Johnson City, TN 37601
      View Details
    • $599,900
      1,282 SF

      Versatile Commercial Property Near I-26

      Commercial property with office and warehouse space near I-26.
      1728 Old Gray Station Road, Johnson City, TN 37615
      View Details
    • $425,000
      3,920 SF

      Turn-Key Multifamily Investment Opportunity

      Five updated units with stable income in Johnson City, TN.
      1308 Bell Ridge Road, Johnson City, TN 37601
      View Details
    • $389,900

      Four-Unit Apartment Building For Sale

      Fully occupied four-unit apartment building near Milligan University.
      103 Warrior Lane, Johnson City, TN 37601
      View Details
    • $299,900

      B3 Zoned Land For Sale

      1.13-acre B3 zoned land with 317 feet of road frontage.
      145 Claude Simmons Road, Johnson City, TN 37604
      View Details
    • $299,900

      Commercial Land with Road Frontage

      1.13-acre B3 zoned land with 317 feet of frontage.
      145 Claude Simmons Road, Johnson City, TN 37604
      View Details
    • $649,500
      3,500 SF

      Remodeled Commercial Space, Johnson City

      3,500 SF remodeled property in revitalized downtown district.
      331 W Walnut Street, Johnson City, TN 37604
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build your dream home in a prestigious Johnson City neighborhood.
    Where is this residential land & home lot located?
    The property is located at Mia Gracie Court Johnson City, TN.
    What is the asking price?
    The asking price for this property is $69,500.
    What are key features of this property?
    This property features: Ready to build lot in prestigious Highland Parc.; Cul‑de‑sac location.; Great views.
    (423) 767-8217
    We can help!
    Listing Contact
    Lora Dowling
    Real Estate License ID: 324547
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!