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Property profile & analytics
OFF-MARKET
Estimated value
$11,205,000
Warehouses
2805 Roan St Johnson City, TN 37601-1505
Entity Owned
7-yr Hold
Free & Clear
Property ID
US80-3507940
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
145,130 SF
Lot
8.15 ac (355,014 SF)
APN
037D H 01500
UPID
US80-3507940
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
-
Self-Storage at U-Haul Storage Facility
-
Trailer Hitches at U-Haul Auto Parts Store
-
U-Box at U-Haul Moving Company Storage Facility
-
Trailer Rental at U-Haul Car Rental Facility
-
U-Haul Moving & Storage of Johnson City Car Rental Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.15M
Comparable Approach
Comparable
$10.50M
Blend (final)
Blend
$11.21M
Owner & transaction history
Arec 32 LLC · 7 yrs held
Arec 32 LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$17.2M
+134.1%
Commercial (general)
$12.4M
+69.2%
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%
$16,405,000
6.5%
$15,145,000
7%
$14,065,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,335,000
Current use
RETAIL STORES
$17,175,000
Change: +134% · Conversion: Moderate
COMMERCIAL (GENERAL)
$12,410,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$11.21M
Range $10.08M – $12.33M · ±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
$77 / 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
$2,796,560
Assessed 2023
Previous assessed
$1,862,000
+50.2% YoY
Assessed land
$781,840
Assessed improvement
$2,014,720
Land market value
$1,954,600
Improvement market value
$5,036,800
Total market value
$6,991,400
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Rooms
1
Bathrooms
4
Total area
145,130 SF
Lot
8.15 ac (355,014 SF)
APN
037D H 01500
UPID
US80-3507940
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
WAREHOUSE, STORAGE Current
Est. value
$7.3M
RETAIL STORES
Est. value
$17.2M
COMMERCIAL (GENERAL)
Est. value
$12.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1991
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
1
Bathrooms
4
Lot
8.15 ac
Current owner
From public records · entity-resolved
Arec 32 LLC
Entity
Free & Clear · 7 yrs held
Mailing address
2727 N CENTRAL AVE, PHOENIX, AZ 85004-1120
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
—
Arec 32 LLC
—
Deed
related
$250,000 · Voya Retirment Insurance & Annuity Co
Mar 26, 2019
$3,836,400
Arec 32 LLC
Amerco Real Estate Co
Quit Claim Deed
related
—
Jun 13, 2014
$2,200,000
Amerco Real Estate Co
Clear Focus Holding LLC
Grant Deed
—
Feb 8, 2013
$3,000,000
Clear Focus Holdings LLC
Shade Jason
Trustees Deed
—
Nov 16, 2010
$500,000
Tri-cities Expedition Props Ll
Colonial Corp
Warranty Deed
—
Nov 16, 2010
—
Tri-cities Expedition Props Ll
—
Deed Of Trust
related
$3,960,564 · Mountain First Bank & Trust
Jun 6, 1990
$250,000
Robert T Summers
Unknown
Grant Deed
—
Jun 5, 1990
$75,000
—
Unknown,
Grant Deed
related
—
—
—
Tri-cities Expedition Props Ll
—
Deed Of Trust
related
$4,000,000 · Mountain First Bank & Trust
—
—
Tri-cities Expedition Props Ll
—
Deed Of Trust
related
$176,700 · Us Small Business Admn
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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