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Property profile & analytics
OFF-MARKET
Medical Office Space
215 Watauga Ave Johnson City, TN 37601-4629
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1234206
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,264 SF
Lot
178 ac (7,753,680 SF)
Zoning code
R01
APN
046K N 01100
UPID
US80-1234206
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
-
Highlands Family Medicine Medical Group
-
Dr. Kevin Metzger Pediatrician Physician
-
Mary Mccormick Pediatrician Physician
-
Holly Dockery Physician
-
Dr. Bruce Abkes Physician
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
Family Promise Of Grtr Johnson Ci · 10 yrs held
Family Promise Of Grtr Johnson Ci
since 2016
5 recorded transactions
Zoning & alternative use
R01 · Johnson City, TN
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
$281,600
Assessed 2023
Previous assessed
$281,600
+0.0% YoY
Assessed land
$29,320
Assessed improvement
$252,280
Land market value
$73,300
Improvement market value
$630,700
Total market value
$704,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
4
Total area
7,264 SF
Lot
178 ac (7,753,680 SF)
Zoning code
R01
APN
046K N 01100
UPID
US80-1234206
Jurisdiction
WASHINGTON
Zoning & alternative use
R01 · Johnson City, TN
Zoning R01 · permitted uses
R01 · Johnson City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Johnson City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
4
Lot
178 ac
Current owner
From public records · entity-resolved
Family Promise Of Grtr Johnson Ci
Individual
Mailing address
3119 BRISTOL HWY STE 302A, JOHNSON CITY, TN 37601-1564
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2018
—
Family Promise Of Grtr Johnson Ci
—
Trust Deed
related
$100,000 · Bank Of Tennessee
Jul 21, 2016
$290,000
Family Promise Of Grtr Johnson Ci
B P W INC
Warranty Deed
$435,000 · Bank Of Tennessee
Jul 18, 2016
—
Jenny L Lewis
Lewis,gary
Quit Claim Deed
related
—
Apr 13, 2011
$350,000
Jenny L Lewis
Hwh Properties
Warranty Deed
—
Oct 27, 2003
—
Hwh Properties
W & H Properties
Grant Deed
related
—
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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