Two-Level Retail
2111 Mountcastle Drive Johnson City, TN 37604
For Sale
$1,495,000
High-end retail space with a walk-in vault, offices, bathrooms, and a second level with an added elevator shaft.
Property Size4,350 SF
Price / SF$343.68
Days on Market10
Property Features for 2111 Mountcastle Drive
General Information
Standard status
Active
Size
4,350 SF
Listing Agency:
Berkshire Hathaway Greg Cox Real Estate
(423) 791-3331
Listed By:
Gregory Cox · License #308589
(423) 791-3331
Source:
Exprealty
Added: Jul 20
Changed: Jul 28
Last Checked: Jul 28 at 9:22PM
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 Berkshire Hathaway Greg Cox Real Estate
Investment Insights
Based on property information with market context.
This high-end retail storefront features a top-of-the-line build out designed for retail use. Interior improvements include a walk-in vault, kitchen area, offices, and bathrooms, with space configured for ready occupancy.
The property is described as being in a high visibility, high traffic area. It also includes a second level with an additional 4,350 square feet for a further phase and includes a new elevator shaft to support expansion.
For sale as a turnkey retail option, the layout supports specialty retail requirements and offers dedicated back-of-house space along with finished offices and restrooms.
The property is described as being in a high visibility, high traffic area. It also includes a second level with an additional 4,350 square feet for a further phase and includes a new elevator shaft to support expansion.
For sale as a turnkey retail option, the layout supports specialty retail requirements and offers dedicated back-of-house space along with finished offices and restrooms.
Key Highlights
- High‑end retail space with a walk‑in vault
- Includes offices, bathrooms, and a kitchen area
- Second level includes an additional 4,350 SF for another phase
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 | $100.2k | $23.04 |
| − Vacancy | −$3.0k | −$0.69 |
| EGI | $97.2k | $22.35 |
| − OpEx | −$29.2k | −$6.70 |
| NOI | $68.1k | $15.64 |
4,350 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$972.2K
$850.7K – $1.13M
NOI $68,052 @ 7.0% cap · market cap 4.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.83M
$1.61M – $2.14M
NOI $128,412 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Kroger Floral — Johnson City, TN 37604
Frequently Asked Questions
What type of property is this?
Storefront property - High-end retail space with a walk-in vault, offices, bathrooms, and a second level with an added elevator shaft.
Where is this storefront property located?
The property is located at 2111 Mountcastle Drive Johnson City, TN.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: High‑end retail space with a walk‑in vault; Includes offices, bathrooms, and a kitchen area; Second level includes an additional 4,350 SF for another phase
