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Property profile & analytics
OFF-MARKET
Estimated value
$2,660,000
Manufacturing properties
506 Twin Oaks Dr Johnson City, TN 37601-7610
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-2531354
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
323,342 SF
Lot
23.9 ac (1,041,084 SF)
Zoning code
I2
APN
055H C 00400
UPID
US80-2531354
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
-
LPI Inc. Industrial Manufacturer Production Facility
-
Dr. Wellness Spa (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
Hottanningbeds Tanning Salon
-
Aqua Living Factory Outlets (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
RecDirect Factory Outlets (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.66M
Owner & transaction history
Industrial Dev Board Of City & John · 8 yrs held
Industrial Dev Board Of City & John
since 2018
6 recorded transactions
Zoning & alternative use
I2 · Johnson City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$8 / 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
$2,317,280
Assessed 2023
Previous assessed
$2,317,280
+0.0% YoY
Assessed land
$167,320
Assessed improvement
$2,149,960
Land market value
$418,300
Improvement market value
$5,374,900
Total market value
$5,793,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Bathrooms
19
Total area
323,342 SF
Lot
23.9 ac (1,041,084 SF)
Zoning code
I2
APN
055H C 00400
UPID
US80-2531354
Jurisdiction
WASHINGTON
Zoning & alternative use
I2 · Johnson City, TN
Zoning I2 · permitted uses
I2 · Johnson City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Johnson City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
19
Lot
23.9 ac
Current owner
From public records · entity-resolved
Industrial Dev Board Of City & John
Entity
Mailing address
300 E MAIN ST STE #406, JOHNSON CITY, TN 37601-5708
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 4, 2023
—
Industrial Dev Brd Of City Of Johns
—
Deed
related
$5,000,000 · The First Bank & Trust Co
Jan 29, 2018
—
Industrial Dev Board Of City & John
Hatley Properties LLC
Quit Claim Deed
related
$2,200,000 · Hatley Properties LLC
Mar 21, 2016
—
Hatley Properties LLC
Lpi INC
Quit Claim Deed
related
—
May 14, 2014
$1,350,000
Lpi INC
Robert Bosch LLC
Warranty Deed
—
Mar 31, 1995
$4,972,000
Alliedsignal INC
—
Deed Of Trust
related
—
—
—
Lpi INC
—
Deed Of Trust
related
$675,000 · Tennessee Valley Authority
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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