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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Warehouses
3017 Oakland Ave Johnson City, TN 37601-1526
Entity Owned
~
Est. High Equity
Property ID
US80-2001610
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
FRAME
Total area
10,800 SF
Lot
1.3 ac (56,628 SF)
APN
038A A 01201
UPID
US80-2001610
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
-
Fenco Supply Co Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$670k
Owner & transaction history
Right Coast Medical LLC
Right Coast Medical LLC
since 2025
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$925,000
+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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$545,000
Current use
COMMERCIAL (GENERAL)
$925,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$62 / 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
$165,480
Assessed 2023
Previous assessed
$165,480
+0.0% YoY
Assessed land
$92,560
Assessed improvement
$72,920
Land market value
$231,400
Improvement market value
$182,300
Total market value
$413,700
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
1974
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
1
Total area
10,800 SF
Lot
1.3 ac (56,628 SF)
APN
038A A 01201
UPID
US80-2001610
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
$545,000
COMMERCIAL (GENERAL)
Est. value
$925,000
WAREHOUSE, STORAGE Current
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
1974
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
Right Coast Medical LLC
Entity
Mailing address
PO BOX 5520, JOHNSON CITY, TN 37602-5520
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
Sep 29, 2025
$1,900,000
Right Coast Medical LLC
Wake Robin And Joe Wilson Propertie
Warranty Deed
$1,903,858 · Bank Of Tennessee
May 10, 2019
$375,000
Wake Robin & Joe Wilson Prop G
T & T Dev Co
Trustees Deed
$1,040,000 · Hometrust Bk
Aug 8, 2011
—
Hendricks Commercial Props LLC
—
Deed Of Trust
related
$79,481,250 · Us Bank 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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