Retail Storefront with Vault
2111 W Mountcastle Drive Johnson City, TN 37604
New
2111 W Mountcastle Drive, Johnson City, TN, 37604
$1,495,000
For Sale
$1,495,000
COMMERCIAL - Johnson City, TN
Property Size4,350 SF
Lot Size0.39 Acres
Price / SF$343.68
Days on Market2
Property Features for 2111 W Mountcastle Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-4
- Standard status
- Active
- APN
- 038p F 009.01
- Size
- 4,350 SF
- Lot size
- 0.39 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6474
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1986
- Building materials
- Synthetic Stucco
- Roof type
- Shingle, Asphalt
Listing agency
Berkshire Hathaway Greg Cox Real Estate
(423) 282-2411
Listed by
Gregory Cox · License #308589
(423) 791-3331
Added: Jul 20 Checked: Jul 21 at 7:06PM
MLS# 9998432
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale retail storefront features a buildout that includes a walk-in vault, a kitchen area, offices, and bathrooms. The property is designed for retail use and includes interior space configured for multiple back-of-house and support functions.
The second level provides additional space, with the remarks indicating an additional 4,350 square feet for a further phase. A new elevator shaft is included to support future expansion.
Zoned B-4, the property is located in Johnson City, Tennessee at 2111 W Mountcastle Drive (37604).
The second level provides additional space, with the remarks indicating an additional 4,350 square feet for a further phase. A new elevator shaft is included to support future expansion.
Zoned B-4, the property is located in Johnson City, Tennessee at 2111 W Mountcastle Drive (37604).
Key Highlights
- 1986‑built high‑end retail space with synthetic stucco exterior and shingle/asphalt roof
- Heat pump heating and heat pump cooling, with public water and public sewer
- High‑visibility, high‑traffic retail location; property is ready for jewelry, gun, or other retail use
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gregory Isbell Jewelers
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Kroger Floral — Johnson City, TN 37604
FAQs
What type of property is this?
Storefront property - For-sale retail storefront with walk-in vault, offices, bathrooms, and second-level expansion space.
Where is this storefront property located?
The property is located at 2111 W 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: 1986‑built high‑end retail space with synthetic stucco exterior and shingle/asphalt roof; Heat pump heating and heat pump cooling, with public water and public sewer; High‑visibility, high‑traffic retail location; property is ready for jewelry, gun, or other retail use
