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    110 Med Tech Pkwy Johnson City, TN 37604

    Sponsored
    For Sale
    $11,750,000

    Prime Medical Office, 33,521 SF

    Property size:
    33,521 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A, single-tenant medical office building, totaling 33,521 square feet, is situated on a 3.7-acre lot in Johnson City, Tennessee's desirable Med Tech Park. Built in 2003, the property boasts a convenient location, offering easy access to I-26 and proximity to major medical facilities, including Franklin Woods Hospital and Ballad Health Corporate Offices. The building features a spacious main floor encompassing 30,602 square feet, divided into two medical suites: a 6,600 square foot surgery center and a 23,020 square foot clinic area. The clinic area includes over 40 exam rooms, 10 doctor's offices, two operating rooms, and a large reception and waiting area with a porte cochere. The surgery center comprises four pre- and post-op bays and two operating rooms, along with its own separate lobby. A 2,919 square foot climate-controlled basement provides ample file storage. Ample parking is available with 169 spaces surrounding the building, providing a 5.5 spaces per 1,000 square feet ratio. The property is zoned Hospital B 4 and is offered for sale at $11,750,000. This represents an owner/user investment opportunity in a thriving medical district. Detailed floor plans are available upon request. The property's address is 110 Med Tech Pkwy, Johnson City, TN 37604, APN 090 045C A 02400 000 2020.

    Property Features for 110 Med Tech Pkwy

    General Information

    Property type
    Medical offices
    Square Feet
    33,521 SF
    Class
    A
    Lot Size
    161,172 SF

    Building Details

    Year Built
    2003
    Buildings
    1
    Stories
    1

    HighLights

    • $11,750,000 asking price.
    • 33,521 square foot Class A office building.
    • Single‑tenant, owner‑user opportunity.
    • Located at 110 Med Tech Pkwy, Johnson City, TN 37604.
    • 3.7‑acre lot with 169 parking spaces (5.5/1000 sq ft).
    • Built in 2003, one‑story building with Hospital B 4 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Johnson City Eye ... Ophthalmologist Randal J. Rabon, ... Ophthalmologist John C. Johnson, ... Ophthalmologist Dr. Michael F. ... Ophthalmologist Amy B. Young, ... Ophthalmologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.4035633
    Latitude
    36.3408856

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 33,521 SF
    Where is this medical office located?
    The property is located at 110 Med Tech Pkwy Johnson City, TN.
    What is the asking price?
    The asking price for this property is $11,750,000.
    What are key features of this property?
    This property features: $11,750,000 asking price.; 33,521 square foot Class A office building.; Single-tenant, owner-user opportunity.
    Request Owner's contact information
    110 Med Tech Pkwy Johnson City, TN 37604
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    Johnson City, TN 37604
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    Realmo Value Estimation

    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.

    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.

    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
    110 Med Tech Pkwy Johnson City, TN 37604
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