Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    119 Pinnacle Dr Johnson City, TN 37615
    Back to Search
    Property profile & analytics

    119 Pinnacle Dr, Johnson City, TN 37615

    View on Map
    • Motels
    • 20,950 SF
    • 1.50 lot acres
    For Sale
    $3,700,000
    View Listing →
    Quality Inn Johnson City Opportunity For Sale
    $3,700,000
    22,922 SF

    Quality Inn Johnson City Opportunity

    Hospitality property with seven-figure performance potential in up-and-coming city.

    119 Pinnacle Dr, Johnson City, TN 37615
    View Listing
    Property ID
    US80-2310362
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    5.8%
    Motels
    Location Intelligence

    Current Use by Public Records

    • Quality Inn Johnson City I-26 exit 17 / Hotel & Motel

    Property Details for 119 Pinnacle Dr

    Year built
    1998
    Lot size
    1.50 lot acres
    Property type
    Motels
    APN
    029H A 00102
    APU
    029HA00102

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 27, 2022 $2,400,000 Virat LLC Kesar LLC Warranty Deed $1.9M · First Horizon Bank
    Jul 6, 2015 $1,550,250 Asym LLC Colfin Jih Ahi Properties LLC Grant Deed $1.4M · Bank Of Tennessee
    Aug 18, 2006 — Jer Of Jameson Properties LLC Jameson Inns Financing 02 Quit Claim Deed · related $175M · Wachovia Bank NA
    — — Jameson Inns Financing 02 — Deed Of Trust · related —
    — — Colfin Jih Ahi Properties LLC — Deed Of Trust · related $175M · Us Bk NA Ser 2006-whale 7 (ce)

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,730,000
      ML approach
      $2,415,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,625,000
      6.5%
      $2,425,000
      7%
      $2,250,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,870,000
      MEDICAL BUILDING
      $1,725,000
      AUTO REPAIR, GARAGE
      $1,590,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.4257
    Latitude
    36.374
    CBSA code
    27740
    CBSA name
    JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $247,280
    $700,320
    $947,600
    -
    $618,200
    $1,750,800
    $2,369,000

    Comparable in this City

    • Value Estimation
      $5,265,000
      43,000 SF

      135 Pinnacle Dr

      MOTEL
      135 Pinnacle Dr, Johnson City, TN 37615-4666
      View Details
    • Value Estimation by Request
      1.90 Acres

      Land On Bobby Hicks Hwy

      Individual retail properties
      0 Land On Bobby Hicks Hwy, Johnson City, TN 37615
      View Details
    • Value Estimation by Request
      1.00 Acre

      5700 Bobby Hicks Hwy

      Individual retail properties
      5700 Bobby Hicks Hwy, Johnson City, TN 37615
      View Details
    • Value Estimation
      $3,080,000
      50,581 SF

      2 Orr Ct

      HOTEL
      2 Orr Ct, Johnson City, TN 37615-4703
      View Details
    • Value Estimation by Request
      2.21 Acres

      Boones Station Rd

      Land
      0 Boones Station Rd, Gray, TN 37615
      View Details
    • Value Estimation by Request
      3.60 Acres

      Horseshoe Cir

      COMMERCIAL (GENERAL)
      Horseshoe Cir, Johnson City, TN 37615
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,922 SF

      Quality Inn Johnson City Opportunity

      Hospitality property with seven-figure performance potential in up-and-coming city.
      119 Pinnacle Dr, Johnson City, TN 37615
      View Details
    • Contact for pricing
      1.10 Acres

      Boone Lake Waterfront Land

      Residential land with panoramic lake views near Kingsport and Johnson City.
      Furches Dr, Gray, TN 37615
      View Details
    • $69,900
      Pending

      One Acre Build-Ready Lot

      Spacious lot in prime location near Johnson City and Kingsport.
      Cedar Creek Rd, Johnson City, TN 37615
      View Details
    • $59,900
      1.58 Acres

      Wooded Homesite in Buffalo Ridge

      1.58-acre wooded lot perfect for building your dream home.
      Ridgeheights Dr, Johnson City, TN 37615
      View Details
    • $599,000
      99,999 SF

      Income-Producing Residential Investment Opportunity

      Seven single-family homes on 3.7 acres near Gray Station Road.
      166-178 Gray Station Rd, Johnson City, TN 37615
      View Details
    • $75,000
      Pending

      Residential Land in Desirable Community

      Homesite with amenities in a charming, convenient neighborhood.
      4 Honeysuckle Ct, Johnson City, TN 37615
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      Functional Flex Space in Boones Creek

      Clear span flex space suitable for sales, service, or distribution.
      115 Mary St, Johnson City, TN 37615
      View Details
    • Contact for pricing

      Interstate Accessible Land in Gray, TN

      Large acreage with visibility and access off Suncrest Drive.
      Mohler Rd, Johnson City, TN 37615
      View Details
    • Contact for pricing
      1,660 SF

      New Retail Construction Development

      New retail spaces available in high-growth East Tennessee location.
      Tbd Suncrest Dr, Johnson City, TN 37615
      View Details
    • Contact for pricing
      2,500 SF

      Office Space with Dock-High Access

      Office suite within Scouting America with ample parking, an open work area, and direct dock-high loading access.
      129 Boone Ridge Dr, Johnson City, TN 37615
      View Details
    • Contact for pricing

      Established Coffee House in Gray, TN

      Thriving coffee shop for sale in a prime location.
      5049 Bobby Hicks Hwy, Johnson City, TN 37615
      View Details

    Property Visit Statistics

    • Visits by month
      1.7k
    • Visitors by month
      1.0k
    • Avg Time on site
      529 min
    View Listing
    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.
    119 Pinnacle Dr
    Johnson City, TN 37615
    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

    Thank You for Inquiry
    119 Pinnacle Dr, Johnson City, TN, 37615
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!