Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    206 Princeton Rd Johnson City, TN 37601
    Property profile & analytics

    206 Princeton Rd, Johnson City, TN 37601

    View on Map
    • Office Spaces
    • 1,890 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brent Jones Mortgage Adviser / Loan Service / Bank
    • Merrill Lynch Wealth Management / Financial Advisor
    • Merrill Lynch Financial Advisor Jason A Conkin / Financial Advisor
    • Merrill Lynch Wealth Management Advisor Phil McFarlane / Financial Advisor
    • Merrill Lynch Wealth Management Advisor Dion T Thomidis / Financial Advisor

    Property Details for 206 Princeton Rd

    Property type
    Office Spaces

    Description

    This exceptional 1,890-square-foot office condo, situated within the prestigious Princeton Square professional park in Johnson City, Tennessee, presents a unique owner-user investment opportunity. The two-story building, zoned B-4, features a thoughtfully designed layout. The ground floor encompasses a welcoming reception area, a functional conference room, an expansive open work area ideal for collaborative efforts, a private office or storage room, a restroom, and ample closet space. Ascending to the second floor reveals an open area perfect for additional workspace or expansion, a private office providing executive privacy, a restroom, a convenient break area, a mechanical closet, and another storage closet. The property boasts convenient on-site parking, including additional employee parking in the rear, ensuring ample space for staff and visitors. Benefit from prominent signage opportunities, both on the building itself and on the shared monument sign, enhancing visibility and brand recognition. Located approximately 0.6 miles from Interstate 26, exit 20, this property offers easy access to major transportation arteries and is minutes away from a vibrant retail and restaurant corridor. The property's address is 206 Princeton Rd, Johnson City, TN 37601, with APN 038J B 001.05. This is a single-unit building on a single lot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.3732
    Latitude
    36.3476

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      217 Springbrook Dr

      OFFICE (GENERAL)
      217 Springbrook Dr, Johnson City, TN 37601-1733
      View Details
    • Value Estimation by Request
      4,950 SF

      3317 Wayfield Dr

      OFFICE (GENERAL)
      3317 Wayfield Dr, Johnson City, TN 37601-1905
      View Details
    • Value Estimation by Request
      2,100 SF

      4136 Bristol Hwy

      OFFICE (GENERAL)
      4136 Bristol Hwy, Johnson City, TN 37601-2932
      View Details
    • Value Estimation by Request
      1,435 SF

      1507 Bell Rdg Rd

      OFFICE (GENERAL)
      1507 Bell Rdg Rd, Johnson City, TN 37601-5390
      View Details
    • Value Estimation by Request
      2,295 SF

      1418 Main St

      OFFICE (GENERAL)
      1418 Main St, Johnson City, TN 37601-4969
      View Details
    • Value Estimation
      $4,730,000
      45,332 SF

      2112 Roan St

      OFFICE (GENERAL)
      2112 Roan St, Johnson City, TN 37601-2519
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,104 SF

      Mixed-Use Property with 11,104 SqFt

      Mixed-use commercial property available for sale, totaling 11,104 square feet.
      2710 S Roan St, Johnson City, TN 37601
      View Details
    • $835,000
      2.30 Acres

      High Exposure Commercial Opportunity

      Prime commercial land with high visibility and traffic.
      3096 N Roan St, Johnson City, TN 37601
      View Details
    • $650,000
      4,147 SF

      Commercial Building Near I-26

      4,147 sq ft commercial building with high visibility.
      401 Elm St, Johnson City, TN 37601
      View Details
    • $1,595,000

      Johnson City Flex Space/Cold Storage

      15,313 SF flex space with cold storage and office.
      4521 Bristol Hwy, Johnson City, TN 37601
      View Details
    • Contact for pricing
      6,264 SF

      Class A Office Space

      Exceptional office space suitable for medical or general use.
      411 Princeton Rd, Johnson City, TN 37601
      View Details
    • $1,498,000
      6,264 SF

      Class A Office Space

      Exceptional office space in North Johnson City, Tennessee.
      411 Princeton Rd, Johnson City, TN 37601
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      4,873 SF

      Downtown Johnson City Retail Space

      Prime Retail/Office, High Ceilings, I-26 Access
      313 Main St, Johnson City, TN 37601
      View Details
    • $695 /Mo
      400 SF

      Downtown Johnson City Office Space

      Office space for lease in historic downtown Johnson City.
      112 E Myrtle Ave, Johnson City, TN 37601
      View Details
    • Contact for pricing

      Downtown Johnson City Office Building

      Free-standing office building with modern finishes and private parking.
      105 East Walnut Street Ext, Johnson City, TN 37601
      View Details
    • Contact for pricing
      2,929 SF

      Flexible Office Space Available

      Office building with flex spaces in Johnson City business district.
      207 Broyles Dr, Johnson City, TN 37601
      View Details
    • $495 /Mo
      400 SF

      Downtown Johnson City Office Space

      Historic office building unit for lease in downtown Johnson City.
      112 E Myrtle Ave, Johnson City, TN 37601
      View Details
    • Contact for pricing
      1,900 SF

      Bristol Highway Office/Medical Space

      Office or medical space available near Winged Deer Park.
      3915 Bristol Hwy, Johnson City, TN 37601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    206 Princeton Rd
    Johnson City, TN 37601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    206 Princeton Rd, Johnson City, TN, 37601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!