Retail Property on Roan
For Sale
Contact for pricing
2120-2123 N Roan St, Johnson City, TN
Retail property for sale in Johnson City, Tennessee.
Property Size7,716 SF
Lot Size1.05 Acres
Price / SF$416.67
Days on Market324
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
Listed By:
Brent Roswall
(423) 968-5971
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Oct 4
Last Checked: Oct 15 at 12:28AM
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
Estimated NOI and Cap Rate
NOI / Yr
$120,710
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,414,200
$2.4M
Cap Rate 7%
$1,724,429
$1.7M
Cap Rate 9%
$1,341,222
$1.3M
Market Conditions
NOI Build-Up for 7,716 SF
Gross rent
$177.8K $23.04/SF
− Vacancy
−$5.3K −$0.69/SF
EGI
$172.4K $22.35/SF
− OpEx
−$51.7K −$6.70/SF
NOI
$120.7K $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%
$2,414,200
Cap Rate 7%
$1,724,429
Cap Rate 9%
$1,341,222
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
875k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Apparel 23%
Shops & Services 16%
Superstores 12%
Target
Superstores
109,105 visits/mo
0.1 miles
DICK'S Sporting Goods
Apparel
70,504 visits/mo
0.3 miles
T.J. Maxx
Apparel
54,967 visits/mo
0.0 miles
JCPenney
Apparel
45,038 visits/mo
0.4 miles
Gabe's
Shops & Services
43,664 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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.
