Retail Store with
For Sale
$1,495,000
2111 West Mountcastle Drive, Johnson City, TN 37604
The store includes office and kitchen areas, bathrooms, and a second-level expansion area.
Property Size8,700 SF
Price / SF$343.68
Days on Market13
Property Features for 2111 West Mountcastle Drive
General Information
Standard status
Active
Size
8,700 SF
Zoning
B-4
Amenities
walk-in vault
kitchen area
offices
bathrooms
true
Public
0.39
269 x 160
Exterior Lights,Lighting-Track,Roof Sign
City Street
8700
Building Details
Building Size
8,700 SF
Year Built
1986
Stories
2
Listing Agency:
Berkshire Hathaway Greg Cox Real Estate
(423) 973-8634
Listed By:
Sunny Romero
Source:
Greaterimpactrealty
Added: Oct 19
Changed: Oct 31
Last Checked: Oct 31 at 2:08AM
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
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Investment Insights
Based on property information with market context.
This retail property includes a walk-in vault, kitchen area, offices, and bathrooms. The second level provides an additional 4,350 square feet for a future phase, with a new elevator shaft in place. Built in 1986, the property is zoned B-4.
Exterior features include lighting, track lighting, and a roof sign. The property is located at 2111 West Mountcastle Drive in Johnson City, Tennessee.
Exterior features include lighting, track lighting, and a roof sign. The property is located at 2111 West Mountcastle Drive in Johnson City, Tennessee.
Key Highlights
- Additional 4,350 square feet on the second level for another phase
- Walk‑in vault, kitchen area, offices, and bathrooms
- New elevator shaft serving the second‑level expansion area
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.
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Property Analytics
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Open Analytics
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
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View Realmo Analytics
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 - The store includes office and kitchen areas, bathrooms, and a second-level expansion area.
Where is this storefront property located?
The property is located at 2111 West 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: Additional 4,350 square feet on the second level for another phase; Walk‑in vault, kitchen area, offices, and bathrooms; New elevator shaft serving the second‑level expansion area
