Fenced Flex Space With
104 Center Street, Johnson City, TN 37615
For Sale
$665,000
Commercial Sale, Johnson City, TN
Property Size5,000 SF
Price / SF$133
Days on Market186
Property Features for 104 Center Street
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
conference room
kitchen
Building Details
Year built
Building materials
Roof type
Listing Agency:
Summit Properties
(423) 830-1133
Listed By:
Luke Siele · License #370825
(423) 914-1337
Added: May 6
Changed: Oct 9
Last Checked: Nov 6 at 11:06PM
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.
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Investment Insights
Based on property information with market context.
This 5,000 sq ft flex property, built in 1988, combines warehouse capacity with a practical office component. The layout includes two private offices, a conference room, a kitchen, one full bathroom, and two half baths. A large garage door supports loading and unloading, while the upgraded electrical panel accommodates varied commercial requirements. Heat-pump HVAC provides heating and cooling, and the building features metal siding with a metal roof.
The site is enclosed by fencing and includes an automatic gate for controlled access. Public water and public sewer serve the property, and its commercial zoning supports business-oriented occupancy. The property is positioned near interstate access, adding a transportation benefit for commercial operations.
The site is enclosed by fencing and includes an automatic gate for controlled access. Public water and public sewer serve the property, and its commercial zoning supports business-oriented occupancy. The property is positioned near interstate access, adding a transportation benefit for commercial operations.
Key Highlights
- 5,000 sq ft flex property built in 1988
- Two private offices, conference room, kitchen, and three total bathrooms
- Large garage door for loading and unloading
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,660
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,200
$733.2K
Cap Rate 7%
$523,714
$523.7K
Cap Rate 9%
$407,333
$407.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$60.0K $12.00/SF
− Vacancy
−$3.6K −$0.72/SF
EGI
$56.4K $11.28/SF
− OpEx
−$19.7K −$3.95/SF
NOI
$36.7K $7.33/SF
Area
Washington County, TN
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,200
Cap Rate 7%
$523,714
Cap Rate 9%
$407,333
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37615, TN
22,151
Population
9,946
Households
2.2
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
37.6 sq mi
ZIP Area
589
Density / Sq Mi
$75,556
Median Household Income
$43,758
Median Earnings
$966
Median Rent
$261,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned facility with dedicated offices, loading access, and secure gated entry.
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 sq ft flex property built in 1988; Two private offices, conference room, kitchen, and three total bathrooms; Large garage door for loading and unloading
