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    Development-Ready Land with Mountain Views Title is generated by Realmo AI

    814 Frank Jones Road, Johnson City, TN 37601

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    For Sale
    $535,000

    LAND - Johnson City, TN

    Lot size:
    46.02 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    23
    Last Refresh:
    May 14 at 5:06 pm

    Property Features for 814 Frank Jones Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RP-3
    Standard status
    Active
    APN
    039 005.00
    Lot size
    46.02 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1178

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer

    We can help!

    Listing Contact
    Brett Schreiber

    Listing agent Brett Schreiber License #374737

    Listing office KW Johnson City 3009 Greenline Road, Johnson City, TN

    Listing date Apr 22, 2026

    MLS# 9994281 Listing URL

    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.

    HighLights

    • Development‑ready 46+/- acres, zoned RP‑3 allowing up to 8.5 units per acre.
    • Preliminary development work completed: city water/electric access, sewer on property, road frontage, recent survey, grading/construction permits issued, stream/traffic studies done, engineered site plans available.
    • Panoramic mountain views of Buffalo Mountain and Holston Mountain from elevated acreage.
    • Approximately 30 acres of open, gently rolling farmland suitable for development or agriculture.
    • Unique features: old‑growth timber (black walnut, oak, tulip poplar), functioning spring house, abundant wildlife (deer, turkey).
    • Convenient location: close to Johnson City Country Club, medical facilities, downtown dining/shopping, and the Tri‑Cities corridor.

    Overview

    This 46+/- acre property, located inside Johnson City city limits, offers a blend of development potential and natural features. Zoned RP-3 (Planned Residential District), the land allows a minimum lot size of 4,000 sqft and up to 8.5 units per acre across the buildable acreage. Approximately 30 acres consist of open, gently rolling farmland previously used for hay production, suitable for development or agricultural use. The remaining 16+/- acres rise into two wooded mountain ridges, accessible via a dirt road, offering panoramic views of Buffalo Mountain and Holston Mountain. The wooded area contains old-growth black walnut, oak, and tulip poplar. White-tail deer and wild turkey frequent the land, making the upper acreage suitable as a hunting retreat. A barn with original-character wood framing is present on the property, along with a functioning spring house with stone stairs leading to a flowing spring. City water and electric are available at Watauga Road, and city sewer runs through the property along the stream corridor. The property has 100 feet of road frontage on Watauga Road. Preliminary work completed includes a recent survey, Rough Grading Permit, Construction General Permit, and Approved Hydraulic Determination of Water Resources. Stream and traffic studies are completed, and engineered site plans are available. The property is located five minutes from Johnson City Country Club and ten minutes from Ballad Health medical facilities, VA Medical Center, and downtown Johnson City dining and shopping. Utility easement present for powerlines traversing property. Road access to upper mountain acreage backs to Washington County Utility District property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Department Store Kitchen & Bath Showroom Accounting Firm Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.326
    Latitude
    36.356607

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 46+/- acres inside Johnson City with development potential and views.
    Where is this agricultural land / farmland located?
    The property is located at 814 Frank Jones Road Johnson City, TN.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: Development‑ready 46+/- acres, zoned RP‑3 allowing up to 8.5 units per acre.; Preliminary development work completed: city water/electric access, sewer on property, road frontage, recent survey, grading/construction permits issued, stream/traffic studies done, engineered site plans available.; **Panoramic mountain views** of Buffalo Mountain and Holston Mountain from elevated acreage.
    (423) 429-8472
    We can help!
    Listing Contact
    Brett Schreiber
    Real Estate License ID: 374737
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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