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Property profile

473 Fairridge Rd Johnson City, TN 37604

FOR SALE
Commercial land
Property ID
US80-0872516
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473 Fairridge Rd, Johnson City, TN 37604 For Sale
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473 Fairridge Rd, Johnson City, TN 37604
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Property summary

AI-generated overview

A 63.9-acre commercial tract in Washington County, Tennessee, zoned for commercial use. The property has approximately 4,500 linear feet of road frontage along Knob Creek Road and Fairridge Road in Johnson City, Tennessee, providing site visibility and access. The tract is located near the MedTech Park area, off the intersection of State of Franklin Road and Knob Creek Road, and is within about 5 minutes of I-26 (Exit 19). It is suitable for a range of envisioned uses including medical facilities, multi-family housing, research and development, hospitality, retail and restaurant development, technology, mixed-use projects, and governmental facilities. The site is positioned along Knob Creek Road as an extension of the Hamilton Place development area, and it is subject to future infrastructure plans for widening and upgrading Knob Creek Road into a major State Highway with a planned connection between Boones Creek Road and State of Franklin Road.

Property profile

Verified
Property type Commercial land
UPID US80-0872516

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

473 Fairridge Rd Johnson City, TN 37604
Johnson City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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