Technical
Financial
Distress signals
Property profile

2000 Franklin Ter Ct Johnson City, TN 37604

OFF-MARKET
Banks
Property ID
US80-0565979
3,553 SF 0.55 ac lot Built 2003
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional freestanding retail property, totaling 3,552 square feet, presents a unique investment opportunity in Johnson City, Tennessee. Built in 2003, this single-tenant building sits on a 0.55-acre lot and boasts 21 parking spaces, ensuring ample convenience for customers. Its strategic location at the intersection of I-26 and Highway 381 places it within a thriving retail corridor, benefiting from the high foot traffic generated by nearby major retailers. Sam's Club, with its 2.2 million annual visitors, and the Home Depot/Ross center, attracting 3.2 million annual visitors, are key indicators of the area's robust commercial activity. The property's proximity to Franklin Woods Community Hospital, a significant employer with 80 beds and over 200 physicians and staff, further enhances its appeal. The high daytime traffic volume is undeniable, with over 6,900 employees within a one-mile radius and 27,807 employees within three miles. The building's floor area ratio (FAR) is 0.12. This former bank branch offers a drive-thru, adding significant operational flexibility for a variety of retail uses. The entire 3,552 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This is a rare opportunity to acquire a well-located, high-visibility retail property in a rapidly growing market.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2003
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,553 SF
Lot 0.55 ac (23,958 SF)
APN 037F A 01403
UPID US80-0565979

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Financial Advisor
  • Atm
  • Restaurant
  • Loan Service Bank
  • Car Dealership

Location

2000 Franklin Ter Ct Johnson City, TN 37604-4125
Johnson City metro Census 60402 JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$675k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$675k

Owner & transaction history

since 2024
Last sale
$675,000
5 recorded transactions
2024
Price N/A
2024
$675,000
2021
Price N/A
2021
$660,000
2002
$500,000

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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