2617 N Roan Street Johnson City, TN
5,015 SF retail property with two established tenants.
- Added:
- Sep 11, 2025
- Days on Market:
- 307
- Last Refresh:
- May 20 at 8:44 pm
Property Features for 2617 N Roan Street
General Information
- Standard status
- Active
- Size
- 5,015 SF
- Lot size
- 0.69 Acres
- Property subtype
- RETAIL
Listing office TCI Group-Jerry Petzoldt Agency LLC (423) 956-5707
Listing date Sep 11, 2025
Source Moodyscre
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 TCI Group-Jerry Petzoldt Agency LLC
Investment Insights
Based on property information with market context.
Key Highlights
- 100% leased to established tenants, TitleMax and Rocky Top Vapor, ensuring stable cash flow.
- Exceptional high‑visibility corner location on North Roan Street with high traffic.
- Professionally managed, meticulously maintained property with a new roof and fresh exterior paint (2024).
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 | $115.5k | $23.04 |
| − Vacancy | −$3.5k | −$0.69 |
| EGI | $112.1k | $22.35 |
| − OpEx | −$33.6k | −$6.70 |
| NOI | $78.5k | $15.64 |
