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Property profile & analytics
OFF-MARKET
Residential income homes
1342 Milligan Hwy Johnson City, TN 37601-6440
Individually Owned
4-yr Hold
Property ID
US80-2222665
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1976
Total area
2,432 SF
Lot
110 ac (4,791,600 SF)
APN
010055N B 00601
UPID
US80-2222665
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
-
Volunteer Vapors (Bike/Boat/Book/etc) 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
Shawn M Miller · 4 yrs held
Shawn M Miller
since 2021
Last sale
$205,000
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
$90,760
Assessed 2023
Previous assessed
$90,760
+0.0% YoY
Assessed land
$15,960
Assessed improvement
$74,800
Land market value
$39,900
Improvement market value
$187,000
Total market value
$226,900
Applied tax rate
10.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1976
Heating
RADIANT
Cooling
AC.PACKAGE
Buildings
2
Stories
2
Units
1
Bathrooms
7
Total area
2,432 SF
Lot
110 ac (4,791,600 SF)
APN
010055N B 00601
UPID
US80-2222665
Jurisdiction
CARTER
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
1976
Heating
RADIANT
Cooling
Yes
Stories
2
Buildings
2
Units
1
Bathrooms
7
Lot
110 ac
Current owner
From public records · entity-resolved
Shawn M Miller
Individual
Mailing address
560 W ANDREW JOHNSON HWY, GREENEVILLE, TN 37745-3261
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2021
—
Shawn M Miller
Nac Realty Tn LLC
Quit Claim Deed
related
—
Dec 28, 2020
—
Nac Realty Tn LLC
Shawn Miller
Quit Claim Deed
related
—
Nov 15, 2019
—
Shawn Miller
E & S Co
Quit Claim Deed
related
—
Jun 2, 2005
—
E & S Co
Miller,shawn
Quit Claim Deed
related
$164,000 · Bank Of Tennessee
Jun 2, 2005
$205,000
Shawn Miller
Clerk & Master Of Carter County
Grant Deed
—
Nov 2, 2001
$110,000
Realty Investment
Watauga Plaza
Grant Deed
—
Jul 30, 1990
$53,000
Young,carl R Trust
Unknown
Grant Deed
—
—
—
E & S Co
—
Deed Of Trust
related
$77,000 · Bank Of Tennessee
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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