Office or Flex Building with
2920 Dorothy St Johnson City, TN 37604
2920 Dorothy St, Johnson City, TN, 37604
Contact for pricing
For Sale
Contact for pricing
Building includes a breakroom and multiple bathrooms, with an adjacent parcel currently used for parking.
Property Size1,820 SF
Lot Size0.44 Acres
Price / SF$186.81
Days on Market441
Property Features for 2920 Dorothy St
General Information
- Standard status
- Active
- Size
- 1,820 SF
- Lot size
- 0.44 Acres
- Property subtype
- OFFICE
Listing agency
The Elite Team Agency
(423) 747-8010
Listed by
Bryan Sangid, CCIM · License #321218
(423) 747-8010
Source
Moodyscre
Added: May 7, 2025 Updated: Jul 21 at 6:47AM Checked: Jul 21 at 6:47AM
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 The Elite Team Agency
Investment Insights
Based on property information with market context.
This commercial property includes a building on Dorothy Street plus an adjacent lot at 207 Oakland Ave. The Dorothy St. building contains approximately 1,820 finished square feet and features a breakroom/kitchen and multiple bathrooms. The interior layout is described as suitable for office, retail, or service-related use.
The parcels total approximately +/- 0.44 acres, with the adjacent Oakland Ave. lot currently used for parking. The property is located directly behind Bella Vita and Mellow Mushroom, providing an established commercial setting.
The second parcel offers practical flexibility as a parking area today, with the additional lot potentially supporting income-producing uses, as noted in the listing remarks.
The parcels total approximately +/- 0.44 acres, with the adjacent Oakland Ave. lot currently used for parking. The property is located directly behind Bella Vita and Mellow Mushroom, providing an established commercial setting.
The second parcel offers practical flexibility as a parking area today, with the additional lot potentially supporting income-producing uses, as noted in the listing remarks.
Key Highlights
- Two adjacent parcels: 2920 Dorothy St and 207 Oakland Ave, totaling approximately +/-.44 acres
- Building at 2920 Dorothy St offers approximately +/-1,820 finished SF with a breakroom/kitchen and multiple bathrooms
- Layout is suitable for office, retail, or service‑related use
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 | $43.7k | $24.00 |
| − Vacancy | −$7.9k | −$4.32 |
| EGI | $35.8k | $19.68 |
| − OpEx | −$9.0k | −$4.92 |
| NOI | $26.9k | $14.76 |
1,820 SF · lease $24.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$383.8K
$335.8K – $447.7K
NOI $26,863 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$767.5K
$671.6K – $895.4K
NOI $53,726 @ 7.0% cap · market cap 15.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Randstad
Employment Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Building includes a breakroom and multiple bathrooms, with an adjacent parcel currently used for parking.
Where is this office units located?
The property is located at 2920 Dorothy St Johnson City, TN.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Two adjacent parcels: 2920 Dorothy St and 207 Oakland Ave, totaling approximately +/-.44 acres; Building at 2920 Dorothy St offers approximately +/-1,820 finished SF with a breakroom/kitchen and multiple bathrooms; Layout is suitable for office, retail, or service‑related use
