Technical
Financial
Distress signals
Property profile

2920 Roan St Johnson City, TN 37601

OFF-MARKET
Office Spaces
Property ID
US80-0409750
3,065 SF 0.56 ac lot Built 1974
Individually Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This single-tenant office building, located at 2920 N Roan St in Johnson City, TN 37601, offers 3,065 square feet of versatile space. Built in 1974 and renovated in 2005, the property sits on a 0.56-acre lot and is zoned for commercial use. The one-story building is ideal for a variety of office uses, including traditional, executive, medical, or creative office spaces. The property's current tenant is vacating, presenting an excellent opportunity for a new business to establish itself in this prime location. The property features a single tenancy, simplifying occupancy and management. The building's suitability for a new tenant is subject to the owner's approval. The property's Assessor's Parcel Number (APN) is 038AA 020.05. This is a rare opportunity to acquire a well-maintained, single-tenant office building in a desirable Johnson City location. The property's size and zoning make it suitable for a range of businesses seeking a convenient and established space. The transition from the previous tenant to a new occupant should be straightforward. The property's location offers easy access to local amenities and transportation routes.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1974
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,065 SF
Lot 0.56 ac (24,394 SF)
APN 038A A 02005
UPID US80-0409750

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
  • Loan Service
  • Crypto Atm Atm
  • Bank Credit Union
  • Bank Credit Union

Location

2920 Roan St Johnson City, TN 37601-1508
Johnson City metro Census 61301 JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$340k

Owner & transaction history

since 2023
1 recorded transaction
2023
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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