Mixed-Use Property with
For Sale
$2,000,000
3545 W Market St, Johnson City, TN 37604
The property includes a house and offers access to Hwy 11E and I-26.
Property Size13,030 SF
Price / SF$153.49
Days on Market20
Property Features for 3545 W Market St
General Information
Standard status
Active
Size
13,030 SF
Additional Details
Highway Access
Yes
Listing Agency:
CENTURY 21 Legacy
(423) 282-1885
Listed By:
Tyler Carver · License #358163,
(423) 483-5311
Source:
Exprealty
Added: Oct 9
Changed: Oct 25
Last Checked: Oct 26 at 6:50PM
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 CENTURY 21 Legacy
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property at 3545 W Market St in Johnson City, Tennessee, includes a house that will convey with the sale. The property is described as having access to Hwy 11E and I-26.
The site is near local attractions and three of Johnson City’s largest employers.
The site is near local attractions and three of Johnson City’s largest employers.
Key Highlights
- House conveys with the property
- Access to Hwy 11E and I‑26
- Near three of Johnson City’s largest employers and local attractions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$158,315
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,166,300
$3.2M
Cap Rate 7%
$2,261,643
$2.3M
Cap Rate 9%
$1,759,056
$1.8M
Market Conditions
NOI Build-Up for 13,030 SF
Gross rent
$281.4K $21.60/SF
− Vacancy
−$28.1K −$2.16/SF
EGI
$253.3K $19.44/SF
− OpEx
−$95.0K −$7.29/SF
NOI
$158.3K $12.15/SF
Area
Washington County, TN
Vacancy
10.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,166,300
Cap Rate 7%
$2,261,643
Cap Rate 9%
$1,759,056
Alternative Uses
Best Use
Mixed Use
$2.26M
$1.98M – $2.64M
NOI $158,315 @ 7.0% cap · market cap 7.92%
Second Best
Warehouse
$1.26M
$1.10M – $1.47M
NOI $88,382 @ 7.0% cap · market cap 4.42%
Theoretical Best
Office A
$5.49M
$4.81M – $6.41M
NOI $384,646 @ 7.0% cap · market cap 19.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
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
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property includes a house and offers access to Hwy 11E and I-26.
Where is this mixed-use property located?
The property is located at 3545 W Market St Johnson City, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: House conveys with the property; Access to Hwy 11E and I‑26; Near three of Johnson City’s largest employers and local attractions
