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Financial
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Property profile

1120 W State Of Franklin Rd Johnson City, TN 37604

FOR LEASE
Other commercial real estate
Property ID
US80-2174841
8,514 SF 1.3 ac lot Built 2018
Last sale May 2026 · $7,644,328
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail space within University Centre, a retail center located across from East Tennessee State University (ETSU) at the signalized intersection of West State of Franklin Road and University Parkway in Johnson City, Tennessee. The site is positioned near major employers including ETSU, the Veterans Affairs (VA) Medical Center, and Johnson City Medical Center, and the center includes a mix of national and local tenants such as Verizon, Subway, First Watch, Ubreakifix, Starbucks, and Alumni Hall. The retail space has an area of 1,529 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$1.55M
Assessed land$736k
Assessed improvement$815k

Value estimate

· Oct 2026
$1.42M
$1.28M – $1.56M
CAP approach$1.59M
Submarket $/SF estimate$1.60M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$114/SF
ZIP average, outlier-cleaned · 77 recorded sales of this use type
Observed band · Q1–Q3$44 – $188
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath11.2
HVAC Service9.9
Convenience Store9.6

Location

1120 W State Of Franklin Rd Johnson City, TN 37604
County assessor Recorded deeds · 9 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3547 Market, Johnson City, TN 37604-9301 $585,000 Oct 2024 9,600 SF
301 Belmont, Johnson City, TN 37604-6135 $300,000 Sep 2024 8,064 SF
3502 Market, Johnson City, TN 37604 $2,727,000 Apr 2024 10,400 SF
508 Oakland, Johnson City, TN 37604-1671 $700,000 Dec 2023 7,250 SF
2808 Market, Johnson City, TN 37604-5166 $600,000 May 2023 10,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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