Corner Commercial
For Sale
Contact for pricing
2030 Ivy Ln, Johnson City, TN 37604
RO-1 zoning and an existing structure are present on this corner site.
Property Size1,323 SF
Price / SF$361.30
Days on Market59
Property Features for 2030 Ivy Ln
General Information
Standard status
Active
Size
1,323 SF
Property subtype
Office, Land
Zoning
RO-1
Investment Type
Redevelopment
Building Details
Year Built
1965
Stories
1
Listing Agency:
TCI Group – Jerry Petzoldt Agency LLC
Listed By:
Megan Helton · License #386307
Source:
Crexi
Added: Aug 19
Changed: Oct 2
Last Checked: Oct 14 at 9:45PM
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 TCI Group – Jerry Petzoldt Agency LLC
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Investment Insights
Based on property information with market context.
This 0.767-acre commercial land parcel includes an existing 1,323 SF structure built in 1965. The improvements provide a physical starting point for a buyer evaluating renovation, reconfiguration, or a different site plan. The property is zoned RO-1, and the existing building may be considered for adaptive reuse subject to applicable approvals.
Positioned at the corner of Sunset Drive and Ivy Lane in Johnson City, the property is near Johnson City Mall and an established mix of banks, professional offices, retail businesses, restaurants, and other commercial uses. The combination of land area, existing improvements, and a corner setting supports evaluation of both the current structure and longer-term site planning.
Positioned at the corner of Sunset Drive and Ivy Lane in Johnson City, the property is near Johnson City Mall and an established mix of banks, professional offices, retail businesses, restaurants, and other commercial uses. The combination of land area, existing improvements, and a corner setting supports evaluation of both the current structure and longer-term site planning.
Key Highlights
- 0.767‑acre commercial land parcel
- Existing 1,323 SF structure on the site
- RO‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,527
Cap Rate
4.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,540
$390.5K
Cap Rate 7%
$278,957
$279.0K
Cap Rate 9%
$216,967
$217.0K
Market Conditions
NOI Build-Up for 1,323 SF
Gross rent
$31.8K $24.00/SF
− Vacancy
−$5.7K −$4.32/SF
EGI
$26.0K $19.68/SF
− OpEx
−$6.5K −$4.92/SF
NOI
$19.5K $14.76/SF
Area
Washington County, TN
Vacancy
18.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$390,540
Cap Rate 7%
$278,957
Cap Rate 9%
$216,967
Alternative Uses
Best Use
Office B
$279.0K
$244.1K – $325.5K
NOI $19,527 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$557.9K
$488.2K – $650.9K
NOI $39,055 @ 7.0% cap · market cap 8.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Demographics for 37604, TN
37,025
Population
19,334
Households
1.9
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
33.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$49,351
Median Household Income
$31,863
Median Earnings
$950
Median Rent
$231,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Commercial land - RO-1 zoning and an existing structure are present on this corner site.
Where is this commercial land located?
The property is located at 2030 Ivy Ln Johnson City, TN.
What is the asking price?
The asking price for this property is $478,000.
What are key features of this property?
This property features: 0.767‑acre commercial land parcel; Existing 1,323 SF structure on the site; RO‑1 zoning
