Property profile

3217 Hanover Rd Johnson City, TN 37604

OFF-MARKET
Retail space
Property ID
US80-2547009
5,600 SF 159 ac lot Built 1981
Entity Owned 3-yr Hold Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1981
Construction FRAME
Total area 5,600 SF
Lot 159 ac (6,926,040 SF)
Zoning code B1
APN 037F A 00100
UPID US80-2547009

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
  • General Contractor

Location

3217 Hanover Rd Johnson City, TN 37604-1463
Johnson City metro JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
$440k
Blend (final) Blend
$625k

Owner & transaction history

since 2022
Last sale
$550,000
3 recorded transactions
2022
$550,000
2020
$323,900
1990
$143,000

Zoning & alternative use

B1 · Johnson City, TN
Top alternative use upside
Auto repair, garage $750,000 +64.6%
Commercial (general) $640,000 +40.7%

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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