Retail Property on Roan
2120-2123 N Roan St Johnson City, TN
For Sale
Contact for pricing
Retail property for sale in Johnson City, Tennessee.
Property Size7,716 SF
Lot Size1.05 Acres
Price / SF$416.67
Days on Market246
Property Features for 2120-2123 N Roan St
General Information
Standard status
Active
Size
7,716 SF
Lot size
1.05 Acres
Property subtype
RETAIL
Listing Agency:
Interstate Realty Advisors
(423) 968-5971
Listed By:
Brent Roswall
(423) 968-5971
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Jul 10
Last Checked: Jul 21 at 7:00AM
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 Interstate Realty Advisors
Investment Insights
Based on property information with market context.
This retail property, located on N Roan St in Johnson City, Tennessee, offers 7,716 square feet of space. The property is suitable for retail and other retail purposes.
Key Highlights
- No property information was provided to analyze.
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 | $177.8k | $23.04 |
| − Vacancy | −$5.3k | −$0.69 |
| EGI | $172.4k | $22.35 |
| − OpEx | −$51.7k | −$6.70 |
| NOI | $120.7k | $15.64 |
7,716 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.72M
$1.51M – $2.01M
NOI $120,710 @ 7.0% cap · market cap 3.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.80M
NOI $227,776 @ 7.0% cap · market cap 7.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail property - Retail property for sale in Johnson City, Tennessee.
Where is this retail property located?
The property is located at 2120-2123 N Roan St Johnson City, TN.
What is the asking price?
The asking price for this property is $3,215,000.
What are key features of this property?
This property features: No property information was provided to analyze.
