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Property profile & analytics
OFF-MARKET
Assisted living facilities
114 Fairview Ave Johnson City, TN 37604-5646
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1089679
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1950
Construction
CONCRETE
Total area
98,665 SF
Lot
2.73 ac (118,919 SF)
APN
046K L 01701
UPID
US80-1089679
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
-
TownView Senior Living Retirement Community
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
Spectrum Southeast LLC · 2 yrs held
Spectrum Southeast LLC
since 2024
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 Johnson City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Johnson City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,048,040
Assessed 2023
Previous assessed
$1,048,040
+0.0% YoY
Assessed land
$47,080
Assessed improvement
$1,000,960
Land market value
$117,700
Improvement market value
$2,502,400
Total market value
$2,620,100
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
Similar Nearby for Lease
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1950
Construction
CONCRETE
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
96
Bathrooms
73
Total area
98,665 SF
Lot
2.73 ac (118,919 SF)
APN
046K L 01701
UPID
US80-1089679
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
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
96
Bathrooms
73
Lot
2.73 ac
Current owner
From public records · entity-resolved
Spectrum Southeast LLC
Entity
Free & Clear · 2 yrs held
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2024
—
Spectrum Southeast LLC
Cityview Johnson City LLC
Agreement Of Sale
—
Oct 30, 2017
$1,850,000
City View Johnson City LLC
Fidelis Praesidium Ix LLC
Warranty Deed
$1,480,000 · Pinnacle Bank
Jun 17, 2015
—
Fidelis Praesidium Ix LLC
Trupoint Bk
Quit Claim Deed
related
—
May 11, 2015
$3,735,967
Trupoint Bk
Scott Timothy E|lexington Corp
Trustees Deed
—
Nov 29, 2012
$1,450,000
Lexington Corp
Asbury INC
Grant Deed
$2,360,400 · Trupoint Bank
—
—
Cityview Johnson City LLC
—
Deed Of Trust
related
$4,500,000 · First Horizon Bk
—
—
Cityview Johnson City LLC
—
Loan Modification
related
$596,227 · Pinnacle Bk
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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