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Property profile & analytics
OFF-MARKET
Medical Office Space
216 Watauga Ave Johnson City, TN 37604-5624
Individually Owned
33-yr Hold
Free & Clear
Property ID
US80-1822339
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1961
Total area
4,026 SF
Lot
172 ac (7,492,320 SF)
Zoning code
B3
APN
046N G 02100
UPID
US80-1822339
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
-
Dr. Walter J. Banyas, DDS Dental Office
-
David J. Miranda, D.D.S. Dental Office
-
W. Jeff Banyas, D.D.S. Dental Office
-
Blue Plum Dental Dental Office
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
Jeff Banyas · 33 yrs held
Jeff Banyas
since 1992
2 recorded transactions
Zoning & alternative use
B3 · Johnson City, TN
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
$165,640
Assessed 2023
Previous assessed
$165,640
+0.0% YoY
Assessed land
$24,800
Assessed improvement
$140,840
Land market value
$62,000
Improvement market value
$352,100
Total market value
$414,100
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
1961
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
19
Bathrooms
1
Total area
4,026 SF
Lot
172 ac (7,492,320 SF)
Zoning code
B3
APN
046N G 02100
UPID
US80-1822339
Jurisdiction
WASHINGTON
Zoning & alternative use
B3 · Johnson City, TNZoning B3 · permitted uses
B3 · Johnson City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning
Building & site characteristics
From public records
Year built
1961
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
19
Bathrooms
1
Lot
172 ac
Current owner
From public records · entity-resolved
Jeff Banyas
Individual
Free & Clear · 33 yrs held
Mailing address
216 W WATAUGA AVE, JOHNSON CITY, TN 37604-5624
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1992
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2023
—
Lre Gps Johnson City LLC
—
Deed
related
$440,000 · The First Bank & Trust Co
Dec 11, 1992
$115,000
Jeff Banyas
Unknown
Grant 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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