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Property profile

2318 Buffalo Rd Johnson City, TN 37604

OFF-MARKET
Commercial real estate
Property ID
US80-1899254
View Sample
6,250 SF 3 ac lot Built 1977
Individually Owned 4-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This 6,250-square-foot warehouse, located at 2318 Buffalo Rd in Johnson City, Tennessee, is available for lease. Built in 1977, this single-story industrial property sits on a 3.26-acre lot and is zoned I-2. The building features a large open area perfect for storage or operations, complemented by two overhead doors and three man doors. Additional amenities include three bathrooms, two shower rooms, and a small storage loft. The entire space is climate-controlled, offering both heating and cooling. A significant advantage is the large, level lay-down yard, providing ample outdoor storage space. The property is fully fenced and gated, enhancing security. Its location just off South Roan Street places it within an established industrial area of Johnson City. This versatile space is well-suited for a variety of uses, including repair and service businesses, showrooms, distribution centers, or any industrial tenant seeking a secure facility with extensive outdoor storage. The property includes one building with a total of 6,250 square feet, all of which is currently vacant. The property's APN is 054MB 04503. The zip code is 37604.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1977
Construction FRAME
Total area 6,250 SF
Lot 3 ac (130,680 SF)
APN 054M B 04503
UPID US80-1899254

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
  • Auto Repair Shop Insurance Agency
  • Auto Repair Shop

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2022
Last sale
$400,000
5 recorded transactions
2022
$400,000
2012
$120,000
2011
$196,000
1969
Price N/A
1969
Price N/A

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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