Storefront Property with Expansion
For Sale
$1,495,000
2111 W Mountcastle Drive, Johnson City, TN 37604
Commercial Sale, Johnson City, TN
Property Size4,350 SF
Lot Size0.39 Acres
Price / SF$343.68
Days on Market95
Property Features for 2111 W Mountcastle Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-4
Directions
Located behind McDonalds at the corner of Roan Street and Mountcastle.
Subdivision
301 - NW Johnson City
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
Amenities
Walk in Vault
Kitchen area
offices
bathrooms
new elevator shaft
Building Details
Year built
1986
Building materials
Synthetic Stucco
Roof type
Asphalt, Shingle
Listing Agency:
Berkshire Hathaway Greg Cox Real Estate
(423) 282-2411
Listed By:
Gregory Cox · License #308589
(423) 791-3331
Added: Jul 20
Changed: Oct 2
Last Checked: Oct 22 at 2:06AM
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.
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Investment Insights
Based on property information with market context.
This B-4-zoned storefront property includes 4,350 square feet of retail space with a walk-in vault, kitchen area, offices, and bathrooms. The building was constructed in 1986 with synthetic stucco, shingle and asphalt roofing, heat-pump heating and cooling, public water, and public sewer.
An additional 4,350 square feet is located on the second level, along with a new elevator shaft intended to support a later expansion phase. The property occupies 0.39 acres at 2111 W Mountcastle Drive in Johnson City, Tennessee, providing a dedicated commercial setting for retail operations.
An additional 4,350 square feet is located on the second level, along with a new elevator shaft intended to support a later expansion phase. The property occupies 0.39 acres at 2111 W Mountcastle Drive in Johnson City, Tennessee, providing a dedicated commercial setting for retail operations.
Key Highlights
- 4,350‑square‑foot retail building on 0.39 acres
- Additional 4,350 square feet on the second level
- Walk‑in vault, kitchen area, offices, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,052
Cap Rate
4.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,361,040
$1.4M
Cap Rate 7%
$972,171
$972.2K
Cap Rate 9%
$756,133
$756.1K
Market Conditions
NOI Build-Up for 4,350 SF
Gross rent
$100.2K $23.04/SF
− Vacancy
−$3.0K −$0.69/SF
EGI
$97.2K $22.35/SF
− OpEx
−$29.2K −$6.70/SF
NOI
$68.1K $15.64/SF
Area
Washington County, TN
Vacancy
3.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,361,040
Cap Rate 7%
$972,171
Cap Rate 9%
$756,133
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
917k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Apparel 25%
Shops & Services 16%
Superstores 12%
Target
Superstores
109,105 visits/mo
0.3 miles
DICK'S Sporting Goods
Apparel
70,504 visits/mo
0.1 miles
T.J. Maxx
Apparel
54,967 visits/mo
0.2 miles
JCPenney
Apparel
45,038 visits/mo
0.3 miles
Gabe's
Shops & Services
43,664 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Kroger Floral — Johnson City, TN 37604
Frequently Asked Questions
What type of property is this?
Storefront property - B-4-zoned retail building with a vault, kitchen, offices, restrooms, and elevator-shaft infrastructure for future expansion.
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: 4,350‑square‑foot retail building on 0.39 acres; Additional 4,350 square feet on the second level; Walk‑in vault, kitchen area, offices, and bathrooms
