Drive-Through Restaurant
1903 S ROAN ST, Johnson City, TN 37601
For Sale
Contact for pricing
The commercial property is categorized for drive-through restaurant use.
Property Size2,636 SF
Price / SF$275.04
Days on Market46
Property Features for 1903 S ROAN ST
General Information
Standard status
Size
Property subtype
Listing Agency:
Kw Kingsport
Listed By:
Mike Masters · License #TN 00302317
Source:
Crexi
Added: Sep 25
Changed: Nov 8
Last Checked: Nov 8 at 2:57PM
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 Kw Kingsport
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Investment Insights
Based on property information with market context.
This 2,636-square-foot commercial property is categorized as a drive-through restaurant. The listing also identifies its commercial classification as general commercial.
Key Highlights
- 2,636 SF of commercial space
- Classified as a drive‑through restaurant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,728
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,560
$874.6K
Cap Rate 7%
$624,686
$624.7K
Cap Rate 9%
$485,867
$485.9K
Market Conditions
NOI Build-Up for 2,636 SF
Gross rent
$60.7K $23.04/SF
− Vacancy
−$2.4K −$0.92/SF
EGI
$58.3K $22.12/SF
− OpEx
−$14.6K −$5.53/SF
NOI
$43.7K $16.59/SF
Area
Washington County, TN
Vacancy
4.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$874,560
Cap Rate 7%
$624,686
Cap Rate 9%
$485,867
Alternative Uses
Best Use
Specialty Retail
$624.7K
$546.6K – $728.8K
NOI $43,728 @ 7.0% cap · market cap 6.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$972.7K – $1.30M
NOI $77,815 @ 7.0% cap · market cap 10.73%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
667
Businesses Nearby
778k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Apparel 29%
Superstores 14%
Shops & Services 8%
Target
Superstores
109,105 visits/mo
0.5 miles
DICK'S Sporting Goods
Apparel
70,504 visits/mo
0.3 miles
T.J. Maxx
Apparel
54,967 visits/mo
0.5 miles
JCPenney
Apparel
45,038 visits/mo
0.1 miles
AMC Johnson City 14
Leisure
40,919 visits/mo
0.2 miles
Demographics for 37601, TN
37,079
Population
18,153
Households
2
Avg Household Size
40
Median Age
33%
College-Educated
91%
High-School Grad
47.7 sq mi
ZIP Area
777
Density / Sq Mi
$49,658
Median Household Income
$32,312
Median Earnings
$892
Median Rent
$187,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - The commercial property is categorized for drive-through restaurant use.
Where is this drive through restaurant located?
The property is located at 1903 S ROAN ST Johnson City, TN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 2,636 SF of commercial space; Classified as a drive‑through restaurant
