Four-Office
534 & 528 W Market Street, Johnson City, TN 37604
For Sale
New
$375,000
Commercial Sale, Johnson City, TN
Property Size1,000 SF
Price / SF$376.51
Days on Market1
Property Features for 534 & 528 W Market Street
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Additional Details
Real Estate Included
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
kitchen
porch
Building Details
Year built
Building materials
Roof type
Buildings
Listing Agency:
REMAX Checkmate, Inc. Realtors · RE/MAX International
(423) 282-0432
Listed By:
Linda Whitehead · License TN #220748
(423) 213-9611
Added: Nov 10
Last Checked: Nov 10 at 6:06PM
MLS# 10003150
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.
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.
At 534 and 528 W Market Street, this 996-square-foot office building has four offices, a kitchen, one restroom, and an enclosed porch used for storage. The 1925 building has wood siding, a metal roof, natural gas heat, and central air conditioning. Most plumbing was updated, including the water heater.
The offering includes two parcels in Johnson City. The site was previously used for car sales and provides parking. Public water and sewer serve the property, which is zoned COMMERICAL.
The offering includes two parcels in Johnson City. The site was previously used for car sales and provides parking. Public water and sewer serve the property, which is zoned COMMERICAL.
Key Highlights
- 996‑square‑foot office building with four offices
- Kitchen, one restroom, and enclosed porch used for storage
- Metal roof; most plumbing updated, including the water heater
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,701
Cap Rate
3.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,020
$294.0K
Cap Rate 7%
$210,014
$210.0K
Cap Rate 9%
$163,344
$163.3K
Market Conditions
NOI Build-Up for 996 SF
Gross rent
$23.9K $24.00/SF
− Vacancy
−$4.3K −$4.32/SF
EGI
$19.6K $19.68/SF
− OpEx
−$4.9K −$4.92/SF
NOI
$14.7K $14.76/SF
Area
Washington County, TN
Vacancy
18.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,020
Cap Rate 7%
$210,014
Cap Rate 9%
$163,344
Alternative Uses
Best Use
Office B
$210.0K
$183.8K – $245.0K
NOI $14,701 @ 7.0% cap · market cap 3.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$420.0K
$367.5K – $490.0K
NOI $29,402 @ 7.0% cap · market cap 7.84%
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
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,060
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 Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The interior includes a kitchen, restroom, and enclosed porch for storage.
Where is this office building located?
The property is located at 534 & 528 W Market Street Johnson City, TN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 996‑square‑foot office building with four offices; Kitchen, one restroom, and enclosed porch used for storage; Metal roof; most plumbing updated, including the water heater
