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    Class A Office Space Title is generated by Realmo AI

    411 Princeton Road, Johnson City, TN 37601

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    Claim this Listing
    For Sale
    $1,498,000

    Exceptional office space suitable for medical or general use.

    Type:Commercial/Industrial
    Property size:
    6,264 SF
    Lot size:
    0.87 Acres
    Price / SF:
    $239/SF
    Added:
    Nov 14, 2024
    Days on Market:
    583
    Last Refresh:
    May 20 at 12:45 am

    Property Features for 411 Princeton Road

    General Information

    Standard status
    Active
    Size
    6,264 SF
    Lot size
    0.87 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Stan Evans
    Stan Evans

    Listing agent Stan Evans License #229176

    Listing office RE/MAX Preferred

    Listing date Nov 14, 2024

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Preferred

    HighLights

    • Exceptional Class A office space.
    • Large space: over 6200 square feet divided into 2 sections.
    • Free span construction allows for easy reconfiguration.
    • Excellent location.
    • Wonderful curb appeal.
    • One section previously used as a dental office (approx. 2400 sq ft).

    Overview

    This class A office space is located in North Johnson City. The property offers over 6200 square feet of space, divided into two sections. One section, approximately 2400 square feet, was previously used as a dental office. The remaining space is currently utilized as a medical clinic. The building's free span construction allows for easy reconfiguration to suit a variety of uses. The property features an excellent location and curb appeal.

    Local Financial Insights For Office B

    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 $150.3k $24.00
    − Vacancy −$27.1k −$4.32
    EGI $123.3k $19.68
    − OpEx −$30.8k −$4.92
    NOI $92.5k $14.76
    6,264 SF · lease $24.00/SF/yr · vacancy 18.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.32M
    $1.16M – $1.54M (±1% cap)
    NOI $92,457 @ 7.0% cap · market cap 6.17%
    Second Best
    Healthcare Medical
    $1.24M
    $1.08M – $1.44M (±1% cap)
    NOI $86,661 @ 7.0% cap · market cap 5.79%
    Theoretical Best
    Office A
    $2.64M
    $2.31M – $3.08M (±1% cap)
    NOI $184,913 @ 7.0% cap · market cap 12.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Denny Larry E ... Dental Office Wolfe Whitney Dental Office Franklin Medical Services Physician Imperial Pain Specialists Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Grooming Tails Pet Spa — 2313 Browns Mill Rd, Johnson City, TN 37604
    • Vet Center — Johnson City, TN 37604
    • Veterinary Medical Center — 205 Princeton Rd, Johnson City, TN 37601

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.3714
    Latitude
    36.3528

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    FAQs

    What type of property is this?
    Medical Office Space - Exceptional office space suitable for medical or general use.
    Where is this medical office space located?
    The property is located at 411 Princeton Road Johnson City, TN.
    What is the asking price?
    The asking price for this property is $1,498,000.
    What are key features of this property?
    This property features: Exceptional Class A office space.; Large space: over 6200 square feet divided into 2 sections.; Free span construction allows for easy reconfiguration.
    (423) 773-5312
    We can help!
    Listing Contact
    Stan Evans
    Stan Evans
    Real Estate License ID: 229176
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