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Property profile & analytics
OFF-MARKET
Turn key restaurants
2608 Roan St Johnson City, TN 37601-1708
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-0517571
Property summary
AI-generated overview
This 8,799 square foot retail building, situated on a 1.41-acre lot in Johnson City, Tennessee, presents a unique investment opportunity. Built in 1954 and renovated in 1995, the single-story structure currently offers 5,270 square feet of vacant space, previously occupied by a Perkins Restaurant. The B-4 zoning allows for a variety of commercial uses, making it ideal for a new restaurant or other retail ventures. The property boasts high visibility and easy access from Roan Street, near I-26, ensuring significant foot and vehicle traffic. All existing furniture and fixtures are included. The building also offers potential for bottom-floor storage. The owner is open to build-to-suit options or a land lease. This high-traffic location provides exceptional visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence in Johnson City. The property's APN is 038H C 01104.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,186 SF
Lot
1.41 ac (61,420 SF)
APN
038H C 01104
UPID
US80-0517571
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
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
Burns Management Group LLC · 1 yrs held
Burns Management Group LLC
since 2025
Last sale
$500,000
3 recorded transactions
Zoning & alternative use
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
$382,240
Assessed 2023
Previous assessed
$382,240
+0.0% YoY
Assessed land
$208,400
Assessed improvement
$173,840
Land market value
$521,000
Improvement market value
$434,600
Total market value
$955,600
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Bathrooms
6
Total area
9,186 SF
Lot
1.41 ac (61,420 SF)
APN
038H C 01104
UPID
US80-0517571
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
Building & site characteristics
From public records
Year built
1954
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
6
Lot
1.41 ac
Current owner
From public records · entity-resolved
Burns Management Group LLC
Entity
Free & Clear · 1 yrs held
Mailing address
122 MAGNOLIA RDG DR, JONESBOROUGH, TN 37659-4789
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2025
—
Burns Management Group LLC
Scott Arnold
Quitclaim Deed
related
—
Nov 19, 2021
$500,000
Scott Arnold
Northcott Company
Special Warranty Deed
$425,000 · First Community Bank
—
—
Northcott Co
—
Loan Modification
related
$397,859 · Bmo Harris Bk NA
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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