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Property profile & analytics
OFF-MARKET
Estimated value
$2,740,000
Motels
2606 Roan St Johnson City, TN 37601-1708
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3359976
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1971
Construction
WOOD
Total area
23,358 SF
Lot
2.65 ac (115,434 SF)
APN
038H C 01100
UPID
US80-3359976
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
-
Baymont by Wyndham Johnson City Hotel & Motel
-
Cash Express Loan Service
-
Bristol motor speedway Tour Operator
-
David E Walker Track at Gentry Field Sports Field & Court
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.85M
CAP Approach
CAP
$2.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.74M
Owner & transaction history
Johnson LLC · 4 yrs held
Johnson LLC
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$2.1M
+109.7%
Medical building
$1.9M
+93.3%
Auto repair, garage
$1.7M
+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
$2,955,000
ML approach
$2,845,000
CAP Approach
CAP Return
Estimation
6%
$2,930,000
6.5%
$2,705,000
7%
$2,510,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,090,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$1,925,000
Change: +93% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,650,000
Change: +65% · Conversion: Difficult
Blend value · Realmo final
$2.74M
Range $2.47M – $3.01M · ±10% · vs last sale $2.60M (Feb 2 2022)
Last sale anchor
$2.60M
Feb 2 2022
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
$117 / 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
$1,203,760
Assessed 2023
Previous assessed
$1,203,760
+0.0% YoY
Assessed land
$366,560
Assessed improvement
$837,200
Land market value
$916,400
Improvement market value
$2,093,000
Total market value
$3,009,400
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
1971
Construction
WOOD
Heating
YES
Cooling
AC.PACKAGE
Buildings
3
Stories
1
Units
1
Rooms
41
Bathrooms
40
Total area
23,358 SF
Lot
2.65 ac (115,434 SF)
APN
038H C 01100
UPID
US80-3359976
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1971
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Units
1
Rooms
41
Bathrooms
40
Lot
2.65 ac
Current owner
From public records · entity-resolved
Johnson LLC
Entity
Mailing address
2606 N ROAN ST, JOHNSON CITY, TN 37601-1708
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2022
$2,600,000
Johnson LLC
Bharathy LLC
Warranty Deed
$2,499,800 · Peoples Bank
May 12, 2015
$2,125,000
Bharathy LLC
Astha LLC
Warranty Deed
$1,700,000 · Trupoint Bank
Feb 12, 2008
$2,737,500
Astha LLC
Ramada Ltd
Warranty Deed
$838,789 · Us Small Business Admn
Jan 22, 1998
$500,000
Jack B Strickland
—
Grant Deed
related
—
Jul 13, 1995
$1,000
Christina L Parks
Archer,tony H
Grant Deed
$80,000 · Farm Credit Service
Sep 16, 1994
—
Don Crowe
Unknown,
Trustees Deed
$800,000 · Broadway Mortgage Partners
Aug 18, 1994
—
Don Crowe
Unknown,
Trustees Deed
$97,388 · First American National Bank
—
—
S E G Development
—
Deed Of Trust
related
$900,000 · Carter County Bank
—
—
Ramada Ltd
—
Deed Of Trust
related
$915,000 · Areawide Dev Corp
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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