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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Retail space
1433 Roan St Johnson City, TN 37601-7331
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1014980
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2023
Construction
FRAME
Total area
10,780 SF
Lot
3.5 ac (152,460 SF)
Zoning code
R4
APN
055A B 02900
UPID
US80-1014980
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
-
Dollar General Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
$2.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
R&g 1 LLC · 2 yrs held
R&g 1 LLC
since 2024
Last sale
$2.2M
6 recorded transactions
Zoning & alternative use
R4 · Johnson City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
zoning
Top alternative use upside
Restaurant
$3.0M
+136.0%
Auto repair, garage
$1.4M
+12.9%
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
Method
Estimation
Statistic approach
$2,040,000
ML approach
$1,995,000
CAP Approach
CAP Return
Estimation
6%
$2,810,000
6.5%
$2,595,000
7%
$2,410,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,275,000
Current use
RESTAURANT
$3,010,000
Change: +136% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,440,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±10% · vs last sale $2.23M (Nov 17 2023)
Last sale anchor
$2.23M
Nov 17 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$197 / SF
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
$196,360
Assessed 2023
Previous assessed
$35,850
+447.7% YoY
Assessed land
$57,360
Assessed improvement
$139,000
Land market value
$143,400
Improvement market value
$347,500
Total market value
$490,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2023
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Bathrooms
2
Total area
10,780 SF
Lot
3.5 ac (152,460 SF)
Zoning code
R4
APN
055A B 02900
UPID
US80-1014980
Jurisdiction
WASHINGTON
Zoning & alternative use
R4 · Johnson City, TNZoning R4 · permitted uses
R4 · Johnson City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.3M
RESTAURANT
Est. value
$3.0M
AUTO REPAIR, GARAGE
Est. value
$1.4M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2023
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Bathrooms
2
Lot
3.5 ac
Current owner
From public records · entity-resolved
R&g 1 LLC
Entity
Free & Clear · 2 yrs held
Mailing address
718 GETTYSVUE DR, KNOXVILLE, TN 37922-7622
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2024
—
R&g 1 LLC
Raj Baljepally
Quitclaim Deed
related
—
Nov 17, 2023
$2,231,154
Raj Baljepally
Dg Holdings LLC
Special Warranty Deed
$1,340,000 · Home Federal Bank Of Tennessee Fsb
May 8, 2023
—
Dolgencorp LLC
Dg Holdings LLC
Deed
—
Mar 10, 2023
$445,000
Dg Holdings LLC
Stephen E Scheu
Warranty Deed
—
Jan 26, 2021
—
Scheu,stephen E S Living Trust
Stephen E Scheu
Quit Claim Deed
related
—
May 2, 2017
$416,000
Stephen Scheu
Mooneyhan Properties LP
Warranty Deed
—
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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