High-End Retail
2111 W Mountcastle Dr Johnson City, TN 37604
For Sale
Contact for pricing
Turnkey retail buildout with walk-in vault, offices, bathrooms, and additional second-level space.
Property Size8,700 SF
Price / SF$171.84
Days on Market34
Property Features for 2111 W Mountcastle Dr
General Information
Standard status
Active
Size
8,700 SF
Property subtype
RETAIL
Listing Agency:
Berkshire Hathaway HomeServices Greg Cox Real Estate
(423) 791-3331
Listed By:
Gregory Cox, Jr.
(423) 791-3331
Source:
Moodyscre
Added: Jun 26
Changed: Jul 29
Last Checked: Jul 29 at 6:10AM
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 HomeServices Greg Cox Real Estate
Investment Insights
Based on property information with market context.
This high-end retail storefront features a top-of-the-line interior buildout and is presented as ready to operate as a jewelry, gun, or other type of retail store. The space includes a walk-in vault, a kitchen area, offices, and bathrooms, along with other high-end features noted in the remarks.
The property is located at 2111 W Mountcastle Dr in Johnson City, TN, and the offering is described as a high-visibility, high-traffic area. The second level includes an additional 4,350 square feet and features a new elevator shaft intended to support expansion.
The property is located at 2111 W Mountcastle Dr in Johnson City, TN, and the offering is described as a high-visibility, high-traffic area. The second level includes an additional 4,350 square feet and features a new elevator shaft intended to support expansion.
Key Highlights
- High‑end retail store with top‑of‑the‑line buildout, ready for retail use
- Includes a walk‑in vault
- Second level offers 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 | $200.4k | $23.04 |
| − Vacancy | −$6.0k | −$0.69 |
| EGI | $194.4k | $22.35 |
| − OpEx | −$58.3k | −$6.70 |
| NOI | $136.1k | $15.64 |
8,700 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.94M
$1.70M – $2.27M
NOI $136,104 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.67M
$3.21M – $4.28M
NOI $256,824 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Turnkey retail buildout with walk-in vault, offices, bathrooms, and additional second-level space.
Where is this retail space located?
The property is located at 2111 W Mountcastle Dr 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 store with top‑of‑the‑line buildout, ready for retail use; Includes a walk‑in vault; Second level offers an additional 4,350 SF for another phase
