Commercial Building with On-Site
3100 N Roan Street Johnson City, TN 37601
For Sale
$899,900
5,200-square-foot commercial building with open office areas, existing offices, restrooms, dressing rooms, and a large parking lot.
Property Size5,292 SF
Price / SF$170.05
Days on Market108
Property Features for 3100 N Roan Street
General Information
- Standard status
- Active
- Size
- 5,292 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1960
Listing Agency:
The Addington Agency Bristol
(423) 845-5800
Listed By:
Andrea Pendleton · License #339001
Source:
Xome
Added: Apr 7
Changed: Jul 23
Last Checked: Jul 23 at 4:02AM
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 The Addington Agency Bristol
Investment Insights
Based on property information with market context.
This approximately 5,200-square-foot commercial building offers a flexible interior layout with a combination of open space and existing offices. Restrooms and dressing rooms are already in place, supporting a range of business uses. The property is configured to provide convenient on-site parking with a large parking lot.
Located along North Roan Street in Johnson City, the building is positioned for strong day-to-day exposure on one of the area’s heavily traveled corridors, subject to buyer verification of exact traffic counts. The property is described as zoned for commercial use.
For buyers seeking a versatile commercial asset, the combination of open and office space, existing restroom/dressing facilities, and on-site parking provides a practical baseline for a variety of office, retail, medical, or service-based operations (buyer to verify suitability and all information).
Located along North Roan Street in Johnson City, the building is positioned for strong day-to-day exposure on one of the area’s heavily traveled corridors, subject to buyer verification of exact traffic counts. The property is described as zoned for commercial use.
For buyers seeking a versatile commercial asset, the combination of open and office space, existing restroom/dressing facilities, and on-site parking provides a practical baseline for a variety of office, retail, medical, or service-based operations (buyer to verify suitability and all information).
Key Highlights
- Approximately 5,200 sq ft commercial building at 3100 N Roan Street, Johnson City
- Zoned for commercial use and suited for a variety of business types (buyer to verify)
- Flexible interior layout with open space and existing offices, plus restrooms and dressing rooms
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 | $121.9k | $23.04 |
| − Vacancy | −$3.7k | −$0.69 |
| EGI | $118.3k | $22.35 |
| − OpEx | −$35.5k | −$6.70 |
| NOI | $82.8k | $15.64 |
5,292 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.18M
$1.03M – $1.38M
NOI $82,789 @ 7.0% cap · market cap 9.20%
Second Best
Office B
$1.12M
$976.4K – $1.30M
NOI $78,110 @ 7.0% cap · market cap 8.68%
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,220 @ 7.0% cap · market cap 17.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kens Plaza Shopping ...
Shopping Center & Mall
Hut No. 8
Clothing & Fashion Store
FAQs
What type of property is this?
Office units - 5,200-square-foot commercial building with open office areas, existing offices, restrooms, dressing rooms, and a large parking lot.
Where is this office units located?
The property is located at 3100 N Roan Street Johnson City, TN.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Approximately 5,200 sq ft commercial building at 3100 N Roan Street, Johnson City; Zoned for commercial use and suited for a variety of business types (buyer to verify); Flexible interior layout with open space and existing offices, plus restrooms and dressing rooms
