Commercial Warehouse with Gated
For Sale
$665,000
104 Center Street, Johnson City, TN 37615
COMMERCIAL - Johnson City, TN
Property Size5,000 SF
Price / SF$133
Days on Market92
Property Features for 104 Center Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Subdivision
Not In Subdivision
Directions
From I26 take exit 13. Take 75 North to Gray. Left on Old Gray Station. Left on Center St. Property is on right after NAPA.
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
Changed: Aug 4
Last Checked: Aug 5 at 3:06AM
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
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
233
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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
