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    Property profile & analytics

    1406 Jackson Blvd Jonesborough, TN 37659-5278

    • Grocery and convenience stores
    • 4,072 SF
    • 0.57 lot acres
    OFF-MARKET
    Last Sale
    Apr 12, 2021
    $225,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3447353
    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.

    Current Use by Public Records

    • Just Bee Restaurant / Restaurant
    • Hungry Frog Diner / Restaurant

    Property Details for 1406 Jackson Blvd

    Year built
    1974
    Lot size
    0.57 lot acres
    Property size
    4,072 SF
    Zone code
    B3
    Property type
    Grocery and convenience stores
    APN
    059C A 02101
    APU
    059CA02101

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Jonesborough
    County
    Washington
    State
    Tennessee
    Longitude
    -82.4968
    Latitude
    36.2936
    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
    $72,640
    $23,040
    $95,680
    -
    $181,600
    $57,600
    $239,200

    Comparable in this City

    • Value Estimation
      $1,505,000
      11,724 SF

      1519 Hwy 81st N

      GROCERY, SUPERMARKET • 11,724 SF
      1519 Hwy 81st N, Jonesborough, TN 37659-4227
      View Details
    • Value Estimation by Request
      2,249 SF

      101 Jackson Blvd

      GROCERY, SUPERMARKET • 2,249 SF
      101 Jackson Blvd, Jonesborough, TN 37659-1223
      View Details
    • Value Estimation by Request
      6,774 SF

      3401 Hwy 81st S

      GROCERY, SUPERMARKET • 6,774 SF
      3401 Hwy 81st S, Jonesborough, TN 37659-7141
      View Details
    • Value Estimation
      $695,000
      4,597 SF

      905 Jackson Blvd

      GROCERY, SUPERMARKET • 4,597 SF
      905 Jackson Blvd, Jonesborough, TN 37659-1514
      View Details
    • Value Estimation by Request
      1,928 SF

      853 Old State Rte 34

      GROCERY, SUPERMARKET • 1,928 SF
      853 Old State Rte 34, Jonesborough, TN 37659-6078
      View Details
    • Value Estimation by Request
      4,590 SF

      609 Old State Rte 34

      GROCERY, SUPERMARKET • 4,590 SF
      609 Old State Rte 34, Jonesborough, TN 37659-6058
      View Details

    Similar Nearby for Sale

    • $300,000
      1,200 SF

      Jonesborough Commercial Property For Sale

      Commercial property in Jonesborough, TN, suitable for various small businesses.
      1802 Highway 81 S, Jonesborough, TN 37659
      View Details
    • $2,800,000
      3.50 Acres

      Prime Commercial Land Opportunity

      3.5 acres in high-traffic Jonesborough business district.
      E Jackson Blvd, Jonesborough, TN 37659
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    • Contact for pricing
      5,060 SF

      Jonesborough Gas Station For Sale

      Gas station with corporate guaranty and long-term lease.
      101 E Jackson Blvd, Jonesborough, TN 37659
      View Details
    • $95,000
      0.61 Acres

      Residential Land in Jonesborough, TN

      0.61 acre lot in Gray's newest development, Charolais Hills.
      Uncle Way Buddy'S, Jonesborough, TN 37659
      View Details
    • $105,000
      Pending

      Mobile Home Park Investment

      Mobile home park with income potential in Jonesborough, Tennessee.
      144 Kiser Cir, Jonesborough, TN 37659
      View Details
    • $40,000
      Pending

      Residential Land in Jonesborough, TN

      Building lot in established neighborhood, close to tri-cities.
      042K A 010.00, Jonesborough, TN 37659
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      12,440 SF

      Retail Space in Jonesborough Corner

      6,400-12,440 SF retail space available for lease.
      507 Boones Creek Rd, Jonesborough, TN 37659
      View Details
    • $3,000 /Mo
      1,800 SF

      New Retail Development in Jonesborough

      New construction retail and office spaces available for lease.
      205 Presidential Dr, Jonesborough, TN 37659
      View Details
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    Jonesborough, TN 37659-5278
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    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
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