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    Property profile & analytics

    4200 Roan St Johnson City, TN 37601

    • Commercial real estate
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2135071
    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

    • Commercial real estate

    Property Details for 4200 Roan St

    Lot size
    1.06 lot acres
    Property type
    Commercial real estate
    APN
    029F/C/041.01

    Description

    This 1.06-acre commercial land parcel, located at 4200 N Roan St in Johnson City, Tennessee (zip code 37601), is offered at $685,000. Situated in the B1 Neighborhood Business District, this fee-simple property is level and ready for development. Its prime location directly behind a Walgreens Pharmacy and with high visibility of the Food City Shopping Center makes it an exceptional opportunity. Multiple crossover easements exist with the adjacent Walgreens, details of which are available in the Declaration of Easements, Covenants, Conditions, and Restrictions. The property's zoning allows for a variety of uses, including fast-food restaurants, branch banks, coffee shops, bakeries, or small retail strip centers. Convenient access to Interstate 26 and a vibrant residential community further enhance its appeal. The property is easily accessible via Highway 36, located just north of Indian Trail Middle School, before the Carroll Creek intersection and traffic light. A "FOR SALE" sign is currently displayed on the site. The APN is 029F/C/041.01.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.4065637
    Latitude
    36.3772293

    Comparable in this City

    • $495,000
      20.25 Acres

      Johnson City Industrial Land for Sale

      20 Acres, M1 Zoning, Prime Location
      0 Roweland Dr, Johnson City, TN 37601
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    • $199,000

      Roan Street Vacant Land Parcel

      1.3 acre vacant lot ready for development.
      N Roan St, Johnson City, TN 37601
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    • $2,205,000
      12,884 SF

      Night Club with Vacant Lot

      Night club with parking and adjacent 1.98-acre vacant lot.
      2910 Bristol Hwy, Johnson City, TN 37601
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    • $80,000
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      Residential Land Package Near Johnson

      Four residential lots totaling nearly one acre in Carter County.
      Hillside Dr, Johnson City, TN 37601
      View Details
    • $140,000
      Pending

      Residential Land in Johnson City

      Land in Johnson City's Glaze Farm development, near Boone Lake.
      Glaze Farm Way, Johnson City, TN 37601
      View Details
    • Contact for pricing

      Land in Unicoi, Tennessee

      Wooded lot ideal for rustic or cabin-style home.
      15 Pine Forest Ln, Johnson City, TN 37601
      View Details

    Similar Nearby for Sale

    • $400,000
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      Prime Johnson City Commercial Land

      1.35 Acres, B4 Zoning, High Traffic
      0 Roan St, Johnson City, TN 37601
      View Details
    • $140,000
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      Residential Land in Johnson City

      Land in Johnson City's Glaze Farm development, near Boone Lake.
      Glaze Farm Way, Johnson City, TN 37601
      View Details
    • $100,000
      0.89 Acres

      Residential Land in Lake Ridge Estates

      0.89-acre lot with lake and mountain views in Johnson City.
      1579 Becky Dr, Johnson City, TN 37601
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    • $89,900

      Commercial Land in Johnson City

      Approximately 1.3 acre commercial land parcel in downtown Johnson City.
      106 Water St, Johnson City, TN 37601
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    • $375,000
      5.50 Acres

      Riverfront Land Ready for Development

      5.5 acres on Watauga River with power and well.
      Herb Hodge Rd, Johnson City, TN 37601
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    • $1,325,000

      9.52 Acres in Johnson City

      Roughly-graded land for sale near Mountainview Rd and Fink Dr.
      Mountain View Rd W, Johnson City, TN 37601
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    Similar Nearby for Lease

    • $9 SF/Yr
      10,000 SF

      Office/Warehouse Space Near I-26

      10,000 SF office/warehouse with loading docks, near I-26.
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    • $2,400,000
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      25-Unit Apartment Complex Investment

      Multi-family investment opportunity in Johnson City, Tennessee.
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    • $525,000
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      Flexible Office Space For Rent

      Office building with flexible spaces in Johnson City business district.
      207 Broyles Dr, Johnson City, TN 37601
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    • $800 /Mo
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      Downtown Johnson City Office Space

      Office suites available for lease in downtown Johnson City.
      316 E Main St, Johnson City, TN 37601
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    • Contact for pricing
      10,215 SF

      Retail Space Near Johnson City

      Retail suites available in high-traffic Johnson City location.
      2111 N Roan St, Johnson City, TN 37601
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    • $5 SF/Yr
      24,751 SF

      Office Space in Johnson City

      Two office suites available for lease in Johnson City, TN.
      312 103, Johnson City, TN 37601
      View Details
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    4200 Roan St
    Johnson City, TN 37601
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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