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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    210 Broyles Dr Johnson City, TN 37601-2508

    • Motels
    • 39,905 SF
    • 2.04 lot acres
    OFF-MARKET
    Value Estimations
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0403504
    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

    • Red Roof Inn Johnson City / Hotel / Extended Stay Hotel
    • Apartment homes / Housing Complex
    • Connie stanton / Transportation Service

    Property Details for 210 Broyles Dr

    Year built
    1990
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.04 lot acres
    Property size
    39,905 SF
    Property type
    Motels
    APN
    038O A 00904
    APU
    038OA00904

    Description

    Exceptional investment opportunity: a fee-simple 115-unit Red Roof Inn in Johnson City, Tennessee. This three-story hotel, built in 1990, sits on a 2.04-acre lot and offers a compelling return for investors. The property boasts numerous amenities including free on-site parking, complimentary coffee and tea, an outdoor gazebo, vending machines, daily housekeeping, and fax/photocopy services. Each guest room is equipped with free Wi-Fi, microwave, refrigerator, flat-screen TV, desk with chair, clothes rack, and clock radio. Its prime location offers easy access to major demand generators. The hotel is conveniently situated 3.4 miles from the 455-bed Johnson City Medical Center (a Level 1 trauma center), 4 miles from East Tennessee State University (enrolling over 12,000 students and featuring a major medical school and teaching hospital), and less than 15 miles from Bristol Motor Speedway, a major attraction drawing over 500,000 visitors annually. The area also offers numerous recreational opportunities, including Winged Deer Park and Buffalo Mountain Park, along with shopping centers, restaurants, and other attractions such as the Rocky Mount Museum and Jonesborough Historic District. This well-maintained property presents a minimal property improvement plan for a new owner, making it an attractive proposition in a thriving market. The asking price is $6,995,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $685,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,367,000
      Market price range: $567k - $2.98M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,700,000
      Current use
      WAREHOUSE, STORAGE
      $1,405,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.3716
    Latitude
    36.3437
    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
    $365,720
    $854,280
    $1,220,000
    -
    $914,300
    $2,135,700
    $3,050,000

    Comparable in this City

    • Value Estimation
      $2,740,000
      23,358 SF

      2606 Roan St

      MOTEL • 23,358 SF
      2606 Roan St, Johnson City, TN 37601-1708
      View Details
    • Value Estimation
      $1,215,000
      17,614 SF

      2406 Roan St

      MOTEL • 17,614 SF
      2406 Roan St, Johnson City, TN 37601-1704
      View Details
    • Value Estimation
      $2,985,000
      59,789 SF

      207 Mountcastle Dr

      MOTEL • 59,789 SF
      207 Mountcastle Dr, Johnson City, TN 37601-2525
      View Details
    • Value Estimation
      $1,965,000
      22,770 SF

      108 Wesley St

      HOTEL • 22,770 SF
      108 Wesley St, Johnson City, TN 37601-1718
      View Details
    • Value Estimation
      $650,000
      23,309 SF

      1900 Roan St

      HOTEL • 23,309 SF
      1900 Roan St, Johnson City, TN 37601-7559
      View Details
    • Value Estimation by Request
      0.89 Acres

      Lot 16&17 Becky Dr

      Land • 0.89 Acres
      0 Lot 16&17 Becky Dr, Johnson City, TN 37601
      View Details

    Similar Nearby for Sale

    • $350,000
      0.86 Acres

      Riverfront Property with Recreational Potential

      Riverfront property suitable for residence, recreation, or investment.
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      Johnson City Industrial Land for Sale

      20 Acres, M1 Zoning, Prime Location
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    • $199,000

      Roan Street Vacant Land Parcel

      1.3 acre vacant lot ready for development.
      N Roan St, Johnson City, TN 37601
      View Details
    • $2,205,000
      12,884 SF

      Night Club with Vacant Lot

      Night club with parking and adjacent 1.98-acre vacant lot.
      2910 Bristol Hwy, Johnson City, TN 37601
      View Details
    • $5,000,000
      54,295 SF

      Southside Plaza Retail Opportunity

      Established shopping center with long-term tenants and full occupancy.
      1920-1950 S Roan St, Johnson City, TN 37601
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    • $2,400,000
      2.70 Acres

      25-Unit Apartment Complex Investment

      Multi-family investment opportunity in Johnson City, Tennessee.
      1106 Fremont Dr, Johnson City, TN 37601
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      2,200 SF

      Peerless Center Office Space Available

      Turnkey office space in a centrally located, prestigious building.
      120 W Springbrook Dr, Johnson City, TN 37601
      View Details
    • $800 /Mo
      520 SF

      Downtown Johnson City Office Space

      Office suites available for lease in downtown Johnson City.
      316 E Main St, Johnson City, TN 37601
      View Details
    • Contact for pricing
      10,215 SF

      Retail Space Near Johnson City

      Retail suites available in high-traffic Johnson City location.
      2111 N Roan St, Johnson City, TN 37601
      View Details
    • $5 SF/Yr
      24,751 SF

      Office Space in Johnson City

      Two office suites available for lease in Johnson City, TN.
      312 103, Johnson City, TN 37601
      View Details
    • $9 SF/Yr
      10,000 SF

      Office/Warehouse Space Near I-26

      10,000 SF office/warehouse with loading docks, near I-26.
      11 Worth Cir, Johnson City, TN 37601
      View Details
    • $2,400,000
      16,200 SF

      25-Unit Apartment Complex Investment

      Multi-family investment opportunity in Johnson City, Tennessee.
      1106 Fremont Dr, Johnson City, TN 37601
      View Details
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    210 Broyles Dr
    Johnson City, TN 37601-2508
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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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