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Property profile & analytics
OFF-MARKET
Estimated value
$1,215,000
Motels
2406 Roan St Johnson City, TN 37601-1704
Individually Owned
Free & Clear
Property ID
US80-0400247
Property summary
AI-generated overview
This exceptional commercial property in Johnson City, Tennessee, presents a significant investment opportunity. Located at 2406 N Roan St, this 4.91-acre site comprises two separate parcels, offering considerable flexibility for future development or redevelopment. The property boasts 68,424 square feet of existing space distributed across three buildings, currently housing a restaurant, bar, and hotel. Ample parking is provided with a 175-car lot. The property benefits from a high-traffic location, with over 68,000 vehicles daily passing from Interstate 26 and an additional 25,000 vehicles daily from North Roan Street. Its B4 zoning allows for a wide range of commercial uses. The asking price is $5,200,000, translating to $76 per square foot. Built in 1983, the property is identified by APN 038h C 006.00/038h C 006.04. This prime location and versatile zoning make this an attractive proposition for investors seeking significant returns in a thriving commercial area. All information should be independently verified by prospective buyers.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
17,614 SF
Lot
3.12 ac (135,907 SF)
Zoning code
B4
APN
038H C 00600
UPID
US80-0400247
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
-
Best Western Johnson City Hotel & Conference Center Hotel & Motel
-
Days Inn & Suites by Wyndham Johnson City Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.22M
Owner & transaction history
Timothy Jenkins
Timothy Jenkins
since 2026
7 recorded transactions
Zoning & alternative use
B4 · Johnson City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
zoning
Top alternative use upside
Retail stores
$1.6M
+109.7%
Medical building
$1.5M
+93.3%
Auto repair, garage
$1.2M
+65.4%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$750,000
Current use
RETAIL STORES
$1,575,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$1,450,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,240,000
Change: +65% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,230,000
Change: +64% · Conversion: Difficult
RESTAURANT
$1,165,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$1.22M
Range $1.09M – $1.34M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$69 / SF
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
$1,550,440
Assessed 2023
Previous assessed
$1,550,440
+0.0% YoY
Assessed land
$476,840
Assessed improvement
$1,073,600
Land market value
$1,192,100
Improvement market value
$2,684,000
Total market value
$3,876,100
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Rooms
55
Bathrooms
5
Total area
17,614 SF
Lot
3.12 ac (135,907 SF)
Zoning code
B4
APN
038H C 00600
UPID
US80-0400247
Jurisdiction
WASHINGTON
Zoning & alternative use
B4 · Johnson City, TNZoning B4 · permitted uses
B4 · Johnson City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
zoning
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$750,000
RETAIL STORES
Est. value
$1.6M
MEDICAL BUILDING
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.2M
RESTAURANT
Est. value
$1.2M
HOTEL/MOTEL Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Rooms
55
Bathrooms
5
Lot
3.12 ac
Current owner
From public records · entity-resolved
Timothy Jenkins
Individual
Free & Clear · 0 yrs held
Mailing address
2410 SUSANNAH ST, JOHNSON CITY, TN 37601-1748
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2026
—
Timothy Jenkins
Timothy Jenkins
Deed
related
—
Nov 7, 2024
—
Richard Andrew Hillesheim
Mcquain Investments LLC
Quitclaim Deed
related
—
Mar 11, 2024
—
Kimberly Dawn Marden
Robert J Detroye
Quit Claim Deed
related
—
Nov 9, 2023
—
Robert J Detroye
Robert J Detroye
Intrafamily Transfer
related
—
Nov 6, 2020
—
Marc A Aiken
Marc A Aiken
Quit Claim Deed
related
—
Dec 22, 2011
—
S & S Hospitality LLC
Bakshi,brijmohan
Quit Claim Deed
related
—
Aug 17, 2010
$3,100,000
Brijmohan Bakshi
Tri-hotels INC
Warranty Deed
$500,000 · Malhotra S Living Tr (pt)
Nov 16, 2009
—
Tri Hotels INC
—
Trustees Deed
related
$150,000 · Branch Banking & Trust Co
May 7, 1997
$2,550,000
Shiva Properties LP
Unknown
Grant Deed
$250,000 · Commonwealth Community Bank
Apr 18, 1995
$2,550,000
Rjva Enterprises INC
—
Deed Of Trust
related
—
May 17, 1993
$3,055,918
Lw-ssp2,
Unknown
Grant Deed
—
Aug 12, 1992
$4,513,651
First Hotel Investment
Unknown,
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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