Property profile

127 Cherry St Gray, TN 37615

FOR SALE
Other warehouses
Property ID
US80-1762539
3,500 SF 152 ac lot Built 1984
Individually Owned 18-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property consists of two commercial buildings totaling 4,976 square feet on just under one acre of land, located centrally in the Gray Area of Johnson City, Tennessee, with approximately 142 feet of road frontage and two driveways. The larger building is 3,500 square feet and includes an upper walk-in level with office space, a restroom, and garage area; the lower level contains a 14 x 24 ventilated paint booth with a 9 x 10 door and a separate man door, along with a 9 x 9 overhead garage access door into the shop. The larger building is heated by natural gas and is configured with a 12 x 12 sliding garage door and a 10,000 lb hydraulic lift (both present on-site and negotiable with purchase). The second, smaller building is 1,476 square feet and includes gas heat, electric A/C, and one restroom; its finished interior has historically been used as a church and a retail store. The site is set up to support auto-related uses and also has potential for retail uses, including individual retail space.

Property profile

Verified
Property type Other warehouses
Use group WAREHOUSE, STORAGE
Year built 1984
Total area 3,500 SF
Lot 152 ac (6,621,120 SF)
APN 012H C 01600
UPID US80-1762539

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

127 Cherry St Gray, TN 37615
Gray metro Census 61500 JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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