Flex
New
For Sale
$2,000,000
3545 W Market Street, Johnson City, TN 37604
Commercial Sale, Johnson City, TN
Property Size13,030 SF
Price / SF$153.49
Days on Market2
Property Features for 3545 W Market Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B 4
Directions
Use the right 2 lanes to take exit 19 to merge onto TN-381 S/N State of Franklin Rd Turn right onto Novus Dr Turn right onto US-11E S/US-321 S/W Market St
Subdivision
304 - SW Johnson City
Standard status
Active
APN
053b F 00300 000
Size
13,030 SF
Taxes and HOA fees
Tax Annual Amount
3981
Utilities
Water source
Public
Building Details
Year built
1997
Roof type
Metal
Listing Agency:
CENTURY 21 Legacy · Century 21 Real Estate
(423) 282-1885
Listed By:
Tyler Carver · License #358163, 00225266014
(423) 483-5311
Added: Oct 9
Last Checked: Oct 10 at 5:06AM
MLS# 10001959
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 13,030-square-foot flex space was built in 1997 and has a metal roof. The property is zoned B 4, receives public water service, and includes a house in the conveyance.
Access to Hwy 11E and I-26 is noted, and the property is in Johnson City, Tennessee.
Access to Hwy 11E and I-26 is noted, and the property is in Johnson City, Tennessee.
Key Highlights
- 13,030 square feet of flex space
- Built in 1997
- B 4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,536
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,910,720
$1.9M
Cap Rate 7%
$1,364,800
$1.4M
Cap Rate 9%
$1,061,511
$1.1M
Market Conditions
NOI Build-Up for 13,030 SF
Gross rent
$156.4K $12.00/SF
− Vacancy
−$9.4K −$0.72/SF
EGI
$147.0K $11.28/SF
− OpEx
−$51.4K −$3.95/SF
NOI
$95.5K $7.33/SF
Area
Washington County, TN
Vacancy
6.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,910,720
Cap Rate 7%
$1,364,800
Cap Rate 9%
$1,061,511
Alternative Uses
Best Use
Flex RnD
$1.36M
$1.19M – $1.59M
NOI $95,536 @ 7.0% cap · market cap 4.78%
Second Best
Industrial
$1.12M
$979.9K – $1.31M
NOI $78,395 @ 7.0% cap · market cap 3.92%
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.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Balanced
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - The property includes public water service and B 4 zoning.
Where is this flex space located?
The property is located at 3545 W Market Street 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: 13,030 square feet of flex space; Built in 1997; B 4 zoning
