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Property profile & analytics
FOR SALE
Medical centers

110 Med Tech Pkwy Johnson City, TN 37604

33,521 SF Built 1942
Entity Owned 10-yr Hold
Property ID
US80-1133293
110 Med Tech Pkwy, Johnson City, TN 37604 For Sale
Contact for pricing 33,521 SF
110 Med Tech Pkwy, Johnson City, TN 37604
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Property summary
AI-generated overview

New Price! Johnson City Eye Clinic and Surgery Center Established in 1942, Has Outgrown Their Current Location at Med Tech Parkway and is Now Developing a New Larger Medical Office Building on 18 Acres at the End of Hopewell Dr in Med Tech Park. The Property Contains 33,521 Sq Ft State-of-the-art Medical Facility on 3.7 Acres, One of the Regionally Recognized High-quality Medical and Professional Office Buildings Located at Med Tech Park in Johnson City, Tennessee. The Main Floor of the Building Consists of 30,602 Sq Ft Divided Into Two Medical Suites, 6,600 Sq Ft Surgery Center and 23,020 Sq Ft Clinic Area. The Clinic Area Has With 40+ Exam Rooms, 10 Doctor Offices, 2 Operating Rooms, Large Reception and Waiting Room and Includes Porte Cochere Covered Entrance. The Surgery Center Has 4 Pre and Post Op Bays, 2 Operating Rooms, and Its Own Separate Lobby. The Building Also Has 2,919 Sq Ft Climate Controlled Basement Area for File Storage. Large Paved Parking Lot With 169 Spaces Surround Building. See Attached Room Count and Floor Plans for Details. This Property is Available for Sale or Lease. Please Contact Listing Agent for Details. Convenient Location at Med Tech Park in the Heart of Johnson City's Retail and Medical District Along State of Franklin Road and Within One Half Mile of I-26. Also Located at Med Tech Park is Franklin Woods Hospital, Bank of Tennessee, Ballad Health Corporate Offices, First Choice Pediatrics, Fresenius Kidney Care, and State of Franklin Healthcare Associates.

Property profile
Verified
Property type Medical centers
Year built 1942
Total area 33,521 SF
UPID US80-1133293
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
  • Johnson City Eye Surgery Center: Alan N. McCartt, M.D. Ophthalmologist
  • Randal J. Rabon, M.D., F.A.C.S. Ophthalmologist
  • John C. Johnson, M.D. Ophthalmologist
  • Dr. Michael F. Shahbazi, MD Ophthalmologist
  • Amy B. Young, M.D. Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Franklin Properties Gp · 10 yrs held
Franklin Properties Gp
since 2016
1 recorded transaction
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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