Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1069 Hamilton Pl Johnson City, TN 37604

    • Retail properties & Spaces
    • 44,457 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sully's Steamers / Take-out & Catering

    Property Details for 1069 Hamilton Pl

    Property size
    44,457 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 1069 Hamilton Pl, Johnson City, TN 37604, offers four available suites in a single-story building totaling 44,457 square feet. Each suite is individually divisible, with a minimum leasable area of 1,200 square feet and a maximum contiguous space of 3,760 square feet. The property boasts a highly desirable location on State of Franklin Road, experiencing a daily traffic count exceeding 30,000 vehicles. This ensures high visibility and significant foot traffic for your business. The center features convenient cross parking, supplemented by an additional 70 parking spaces directly in front of the building, guaranteeing ample parking for customers and employees. The surrounding area is thriving, with a diverse mix of established businesses, restaurants, and retail options, creating a vibrant and attractive environment for consumers. This presents a unique opportunity to establish or expand your retail presence in a prime Johnson City location within Washington County. The property's address and surrounding commercial activity offer a prestigious setting for your business to flourish.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.4053
    Latitude
    36.3352

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      100 Highland Ave

      Individual retail properties • 1.00 Acre
      100 Highland Ave, Johnson City, TN 37604
      View Details
    • Value Estimation by Request
      10.00 Acres

      Tbd Peoples St

      Individual retail properties • 10.00 Acres
      0 Tbd Peoples St, Johnson City, TN 37604
      View Details
    • Value Estimation
      $595,000
      16,160 SF

      244 Main St

      DEPARTMENT STORE • 16,160 SF
      244 Main St, Johnson City, TN 37604-5824
      View Details
    • Value Estimation by Request
      4,500 SF

      1811 State Of Franklin Rd

      Restaurants • 4,500 SF
      1811 State Of Franklin Rd, Johnson City, TN 37604
      View Details
    • Value Estimation by Request
      37,170 SF

      109 Cherry St

      Individual retail properties • 37,170 SF
      109 Cherry St, Johnson City, TN 37604
      View Details
    • Value Estimation by Request
      11,900 SF

      198 Marketplace Blvd

      Lifestyle centers • 11,900 SF
      198 Marketplace Blvd, Johnson City, TN 37604
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,587 SF

      Downtown Restaurant & Brewery Opportunity

      Renovated three-story building with brewery, restaurant, and rooftop bar.
      142 W Market St, Johnson City, TN 37604
      View Details
    • $400,000
      1,475 SF

      Downtown Commercial Condo on Tipton

      High-visibility commercial condo in downtown Johnson City, Tennessee.
      124 Tipton St, Johnson City, TN 37604
      View Details
    • $400,000
      1,475 SF

      Prime Downtown Commercial Condo

      High-visibility commercial condo in Johnson City's active downtown corridor.
      124 Tipton St, Johnson City, TN 37604
      View Details
    • $429,000
      0.30 Acres

      Mixed-Use Development Opportunity

      Mixed-use development with retail and residential units in Johnson City.
      213 S Boone St, Johnson City, TN 37604
      View Details
    • $649,500
      Pending

      Remodeled Commercial Space, Johnson City

      3,500 SF remodeled property in revitalized downtown district.
      331 W Walnut St, Johnson City, TN 37604
      View Details
    • New
      $287,000
      2,565 SF

      Commercial Building in Johnson City, TN

      Three properties in Johnson City, TN, under $300K.
      256 W Main St, Johnson City, TN 37604
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      26,255 SF

      Downtown Johnson City Office Space

      Historic building, 746 sq ft available
      207 Main St, Johnson City, TN 37604
      View Details
    • $13 SF/Yr
      2,700 SF

      Downtown Johnson City Office Space

      Prime location, 2700 sq ft, renovated in 2022.
      212 Main St, Johnson City, TN 37604
      View Details
    • $19 SF/Yr
      9,605 SF

      Downtown Johnson City Restaurant Space

      Restaurant space for lease with bar, kitchen, and parking.
      71 Wilson Ave, Johnson City, TN 37604
      View Details
    • Contact for pricing

      Retail Center Space For Lease

      Retail space available in University Centre near ETSU.
      1120 W State Of Franklin Rd, Johnson City, TN 37604
      View Details
    • Contact for pricing

      Downtown Retail Space For Lease

      Retail space available in renovated downtown building near amenities.
      253 E Main St, Johnson City, TN 37604
      View Details
    • $3,375 /Mo
      2,900 SF

      Downtown Johnson City Retail Space

      Lease opportunity in the heart of Downtown Johnson City.
      212 E Main St, Johnson City, TN 37604
      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.
    1069 Hamilton Pl
    Johnson City, TN 37604
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!