Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    473 Fairridge Rd Johnson City, TN 37604
    Back to Search
    Property profile & analytics

    473 Fairridge Rd, Johnson City, TN 37604

    View on Map
    • Commercial land
    For Sale
    $8,400,000
    View Listing →
    Prime Commercial Land Opportunity For Sale
    $8,400,000
    63.90 Acres

    Prime Commercial Land Opportunity

    63.9 acres of commercially zoned land in Johnson City.

    473 Fairridge Rd, Johnson City, TN 37604
    View Listing
    Property ID
    US80-0872516
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 473 Fairridge Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    THIS IS IT! BEST COMMERCIAL TRACT IN JOHNSON CITY NOW FOR SALE! The TCI Group-Jerry Petzoldt Agency is pleased to present the exclusive listing of the 63.9 acre Sells property in Washington County, TN. This tract has it all – Location, Commercial Zoning, Visibility, and 4,500 lineal feet of road frontage on Knob Creek and Fairridge Road in the City of Johnson City, TN. Envisioned for commercial use including Medical, Multi Family, R&D, Hospitality, Retail and Restaurant Development, Technology, Mixed Use, and Governmental with an emphasis on walkable green environment. Outstanding location on Knob Creek Road makes this a natural extension of the popular mixed use Hamilton Place development. Property sits just off State of Franklin Road and Knob Creek Road intersection in the shadow of Med Tech Park, and within 5 minutes of I- 6, Exit 19. This immediate area is growing rapidly! New businesses and services are constantly being developed. Future plans include the 5 lane widening and upgrading of Knob Creek Road into a major State Highway linking Boones Creek Road to State of Franklin Road making this the new heart of the Johnson City expansion plan. See attached document for more property plats and maps. Johnson City is the leading economic growth city of the Tri-Cities TN/VA region. A growing vibrant community, Johnson City is known for it’s established music and arts scene, quality public education system and revolutionary business/entrepreneurial community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.411814
    Latitude
    36.3399323

    Comparable in this City

    • $84,900
      0.78 Acres

      Commercial Lot in High-Traffic Area

      Prime commercial lot in Johnson City, ready for development.
      2301 S Greenwood Dr, Johnson City, TN 37604
      View Details
    • $299,900
      1.13 Acres

      Commercial Land with Road Frontage

      1.13-acre B3 zoned land with 317 feet of frontage.
      145 Claude Simmons Rd, Johnson City, TN 37604
      View Details
    • $3,000,000
      7.60 Acres

      Prime Commercial Lot in Johnson

      Commercial lot in the heart of Johnson City's business district.
      Heart Dr, Johnson City, TN 37604
      View Details
    • $250,000
      8.00 Acres

      Prime Land on W. Market

      Vacant land with high visibility and development potential.
      W Market St, Johnson City, TN 37604
      View Details
    • Contact for pricing

      Commercial Development Opportunity in Johnson

      Commercial land for development surrounded by residential and commercial properties.
      2503 Browns Mill Rd, Johnson City, TN 37604
      View Details
    • Contact for pricing

      Medical Office Site Opportunity

      Exceptional medical office site in thriving Med Tech Park.
      2014 Hopewell Dr, Johnson City, TN 37604
      View Details

    Similar Nearby for Sale

    • $84,900
      0.78 Acres

      Commercial Lot in High-Traffic Area

      Prime commercial lot in Johnson City, ready for development.
      2301 S Greenwood Dr, Johnson City, TN 37604
      View Details
    • $299,900
      1.13 Acres

      Commercial Land with Road Frontage

      1.13-acre B3 zoned land with 317 feet of frontage.
      145 Claude Simmons Rd, Johnson City, TN 37604
      View Details
    • Contact for pricing

      Prime Commercial Land For Sale

      One-acre commercial property with high visibility and accessibility.
      100 Highland Ave, Johnson City, TN 37604
      View Details
    • Contact for pricing

      Downtown Johnson City Opportunity Zone Land

      Land in Opportunity Zone with mixed-use development plans.
      213 S Boone St, Johnson City, TN 37604
      View Details
    • $275,000
      Pending

      Commercial Land Near Medical Area

      0.51 acre commercial land suitable for office or retail development.
      Litle Ct, Johnson City, TN 37604
      View Details
    • $299,900
      1.13 Acres

      B3 Zoned Land For Sale

      1.13-acre B3 zoned land with 317 feet of road frontage.
      145 Claude Simmons Rd, Johnson City, TN 37604
      View Details

    Similar Nearby for Lease

    • $3,495,000
      3,536 SF

      Prime Mixed-Use Development Opportunity

      24+ acres for mixed-use development with income potential.
      154 Salvage Ln, Johnson City, TN 37604
      View Details
    • $800,000

      Commercial Lots in Prime Location

      Four commercial lots in Johnson City, ideal for apartments.
      1107 Clinchfield St, Johnson City, TN 37604
      View Details
    • $10 SF/Yr
      4,386 SF

      Retail Space Near ETSU

      Retail space available near East Tennessee State University.
      1805 W State Of Franklin Rd, Johnson City, TN 37604
      View Details
    • Contact for pricing
      1,325 SF

      Johnson City Office Space Available

      Office space for lease near retail corridor and I-26.
      4 Limited Centre St, Johnson City, TN 37604
      View Details
    • Contact for pricing

      Retail Center Space For Lease

      Retail space available in University Centre near ETSU.
      1120 W State Of Franklin Rd, Johnson City, TN 37604
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    473 Fairridge Rd
    Johnson City, TN 37604
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    473 Fairridge Rd, Johnson City, TN, 37604
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!