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    Property profile & analytics

    3017 Oakland Ave Johnson City, TN 37601-1526

    • Warehouses
    • 10,800 SF
    • 1.30 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US80-2001610
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fenco Supply Co / Heating Equipment Supplier

    Property Details for 3017 Oakland Ave

    Year built
    1974
    Construction
    FRAME
    Lot size
    1.30 lot acres
    Property size
    10,800 SF
    Property type
    Warehouses
    APN
    038A A 01201
    APU
    038AA01201

    Description

    This exceptional investment opportunity presents a 20,600-square-foot flex space property located at 3017 E Oakland Ave, Johnson City, TN 37601. The property, built in 1974 and zoned B4 and I1, boasts a strong 7.58% cap rate and a Net Operating Income (NOI) of $166,700, with an asking price of $2,200,000 ($106.80/sq ft). Currently 100% occupied by four tenants under multi-tenant leases, this property offers significant long-term stability. Recent improvements include new membrane roofs installed in 2020/2021 on both buildings, a repaved and expanded parking lot in 2020, and repainting of both buildings in 2021. A space is currently under renovation for a new long-term tenant. The property features four loading docks. Its prime location offers easy access to I-26, Bristol Highway, and State of Franklin Road, making it highly attractive for businesses and investors. The property consists of two parcels, which may be sold separately. This presents a compelling opportunity for investors seeking a high-yield, multi-tenant property in a thriving Johnson City market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $365,000
      6.5%
      $330,000
      7%
      $340,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $345,000
      Geo Method
      $355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $445,000
      Mixed-Use
      $335,000
      Hospitality
      $370,000
      Educational
      $345,000
      Residential Income
      $345,000
      Energy
      $365,000
      Income-Based Land
      $345,000
      Food Service
      $385,000

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.3816
    Latitude
    36.3598
    CBSA code
    27740
    CBSA name
    JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $92,560
    $72,920
    $165,480
    -
    $231,400
    $182,300
    $413,700

    Comparable in this City

    • Value Estimation by Request
      213,781 SF

      2722 Roan St

      WAREHOUSE, STORAGE • 213,781 SF
      2722 Roan St, Johnson City, TN 37601-7656
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    • Value Estimation by Request
      1,500 SF

      204 Happy Vly Rd

      WAREHOUSE, STORAGE • 1,500 SF
      204 Happy Vly Rd, Johnson City, TN 37601-7131
      View Details
    • Value Estimation by Request
      145,130 SF

      2805 Roan St

      WAREHOUSE, STORAGE • 145,130 SF
      2805 Roan St, Johnson City, TN 37601-1505
      View Details
    • Value Estimation by Request
      11,288 SF

      208 Crown St

      WAREHOUSE, STORAGE • 11,288 SF
      208 Crown St, Johnson City, TN 37601-3537
      View Details
    • Value Estimation
      $290,000
      5,840 SF

      3507 Bristol Hwy

      WAREHOUSE, STORAGE • 5,840 SF
      3507 Bristol Hwy, Johnson City, TN 37601-1321
      View Details
    • Value Estimation
      $255,000
      3,516 SF

      140 Broadway St

      WAREHOUSE, STORAGE • 3,516 SF
      140 Broadway St, Johnson City, TN 37601-4992
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $9 SF/Yr
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    • $9 SF/Yr
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      Retail Space Near Bristol Highway

      Retail space available for rent near Bristol Highway.
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    • $800 /Mo
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      Downtown Johnson City Office Space

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    • Contact for pricing
      10,215 SF

      Retail Space Near Johnson City

      Retail suites available in high-traffic Johnson City location.
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      View Details
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    3017 Oakland Ave
    Johnson City, TN 37601-1526
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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