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Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Warehouses
102 Dillon Ct Gray, TN 37615-3554
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US80-3392853
Property summary
AI-generated overview
This exceptional 0.85-acre lot presents a prime opportunity for commercial development. Located in Johnson City, Tennessee, at 102 Dillon Ct, 37615, this property boasts a highly desirable B5 zoning designation, allowing for a wide range of commercial uses. Its strategic location offers unparalleled convenience, situated within an established industrial park and approximately one minute from Interstate 26, providing easy access to major transportation routes. The property's address is 102 Dillon Ct, Johnson City, TN 37615, with a convenient proximity to other regional hubs like Kingsport and Bristol. The lot's size is ideal for various commercial projects, offering ample space for construction and development. The parcel number is 090019 04803. This is a rare chance to acquire a well-situated, commercially zoned lot in a thriving area, making it an attractive investment for developers and businesses seeking a strategic location in the Johnson City area. The asking price for this exceptional property is $210,000. Don't miss this opportunity to secure a prime piece of commercial real estate in a rapidly growing region.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
FRAME
Total area
27,922 SF
Lot
2.7 ac (117,612 SF)
APN
019 04803
UPID
US80-3392853
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Gift Box (Bike/Boat/Book/etc) Store
-
S & M Amusements Big Box & Wholesale Store Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$935k
Owner & transaction history
Cbm Properties Group · 13 yrs held
Cbm Properties Group
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gray submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gray submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,410,000
Current use
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$33 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$337,240
Assessed 2023
Previous assessed
$337,240
+0.0% YoY
Assessed land
$93,240
Assessed improvement
$244,000
Land market value
$233,100
Improvement market value
$610,000
Total market value
$843,100
Applied tax rate
90.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
27,922 SF
Lot
2.7 ac (117,612 SF)
APN
019 04803
UPID
US80-3392853
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.4M
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
2.7 ac
Current owner
From public records · entity-resolved
Cbm Properties Group
Entity
Mailing address
PO BOX 8607, JOHNSON CITY, TN 37615-0607
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2020
—
Cbm Properties Group
—
Deed
related
$585,953 · Bank Of Tennessee
Aug 11, 2017
—
Cbm Properties Group
—
Deed
related
$633,250 · Bank Of Tennessee
Jun 5, 2013
—
Cbm Properties Group
—
Trustees Deed
related
$450,000 · Peoples Community Bank
Dec 28, 2012
—
Cbm Properties Group
Triple Crown Ventures LLC
Quit Claim Deed
related
$812,500 · Peoples Community Bank
Jun 20, 2006
$902,500
Triple Crown Ventures LLC
Dillon Supply
Warranty Deed
$700,000 · Amsouth Bank
Jan 31, 1990
$110,000
Dillion Supply Company
Unknown
Grant Deed
—
—
—
Cbm Properties Group
—
Deed Of Trust
related
$750,000 · Peoples Community Bank
—
—
Cbm Properties Group
—
Deed Of Trust
related
$680,000 · Bank Of Tennessee
—
—
Cbm Properties Group
—
Deed Of Trust
related
$633,250 · Bank Of Tennessee
—
—
Cbm Properties Group
—
Loan Modification
related
$585,953 · Bank Of Tennessee
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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