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Property profile & analytics
OFF-MARKET
Manufacturing properties
1204 Mtn Vw Rd Johnson City, TN 37604-2126
Entity Owned
~
Est. High Equity
Property ID
US80-3186711
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1977
Construction
FRAME
Total area
15,350 SF
Lot
0.85 ac (37,026 SF)
APN
037 08601
UPID
US80-3186711
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
-
Franken Frames, Inc. (Bike/Boat/Book/etc) Store Home Decor Store
-
Johnson City Custom Framing (Bike/Boat/Book/etc) Store Home Decor Store
-
Daily Painter Frames (Bike/Boat/Book/etc) Store Home Decor Store
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
City Of Johnson City
City Of Johnson City
since 2026
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
$162,480
Assessed 2023
Previous assessed
$162,480
+0.0% YoY
Assessed land
$59,840
Assessed improvement
$102,640
Land market value
$149,600
Improvement market value
$256,600
Total market value
$406,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
4
Total area
15,350 SF
Lot
0.85 ac (37,026 SF)
APN
037 08601
UPID
US80-3186711
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
1977
Construction
FRAME
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
4
Lot
0.85 ac
Current owner
From public records · entity-resolved
City Of Johnson City
Entity
Mailing address
1204 W MTN VW RD, JOHNSON CITY, TN 37604-2126
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2026
$40,704
City Of Johnson City
Roger L Chase
Deed
related
—
Feb 11, 2019
—
Roger L Chase
—
Deed
related
$460,393 · Bank Of Tennessee
Nov 26, 2018
—
Franken Frames INC
—
Deed
related
$496,449 · First Tn Bk
Oct 29, 2018
—
City Of Johnson City
Chase,roger L & Kimberly D
Warranty Deed
related
—
Aug 22, 2017
—
Roger L Chase
—
Deed
related
$496,449 · First Tn Bk
May 21, 2012
—
Kimberly D Chase
Chase,roger L
Quit Claim Deed
—
Aug 11, 2004
—
Allen R Rhea
Rhea,laura M
Quit Claim Deed
related
—
Jun 9, 1998
$225,000
Allen Rhea
—
Grant Deed
related
—
—
—
Roger L Chase
—
Deed Of Trust
related
$460,393 · Bank Of Tennessee
—
—
Franken Frames INC
—
Loan Modification
related
$496,449 · First Tn Bk
—
—
Roger L Chase
—
Deed Of Trust
related
$85,000 · Bank Of Tennessee
—
—
Roger L Chase
—
Loan Modification
related
$496,449 · First Tn Bk
—
—
Allen R Rhea
—
Deed Of Trust
related
$360,000 · State Of Franklin Savings Bank
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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