124 Tipton Street, Johnson City, TN 37604
- Added:
- Mar 24, 2026
- Days on Market:
- 96
- Last Refresh:
- Jun 27 at 8:06 am
Property Features for 124 Tipton Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B 2
- Standard status
- Pending
- APN
- 046n O 01800c001
- Size
- 1,475 SF
Taxes and HOA fees
- Tax Annual Amount
- 1346
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1925
- Building materials
- Brick
Listing agent Ryan McKinney License #322580 (423) 773-1607
Listing office KW Johnson City 3009 Greenline Road, Johnson City, TN (423) 433-6500
Listing date Mar 24, 2026
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.
HighLights
- High‑visibility location on a prominent downtown corner with expansive storefront windows and heavy foot/vehicle traffic.
- Flexible 1,475 SF open layout suitable for retail, fitness, office, showroom, or service‑based businesses.
- Located in an active downtown corridor anchored by popular restaurants (Label Restaurant and Juan Siao) creating synergy and drawing consistent traffic.
- B‑2 zoning allows for a wide range of commercial uses.
- Modern industrial aesthetic with exposed ductwork and high ceilings.
- Three entry doors enhance accessibility.
Overview
Local 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 | $34.0k | $23.04 |
| − Vacancy | −$1.0k | −$0.69 |
| EGI | $33.0k | $22.35 |
| − OpEx | −$9.9k | −$6.70 |
| NOI | $23.1k | $15.64 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Anna Marie's Florist — 905 W Watauga Ave, Johnson City, TN 37604
Location Insight
- Map
- Local Demand
- City
- Johnson City
- County
- Washington
- State
- Tennessee
- Longitude
- -82.352013
- Latitude
- 36.315841
