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Property profile & analytics
OFF-MARKET
Medical Office Space
615 State Of Franklin Rd Johnson City, TN 37604-8209
Individually Owned
7-yr Hold
Free & Clear
Property ID
US80-3284624
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
8,750 SF
Lot
1.1 ac (47,916 SF)
Zoning code
R-4
APN
045M E 01500
UPID
US80-3284624
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
-
Cempa Community Care & STEP TN at ETSU Medical Clinic
-
Susan D. Fields, LCSW Physician
-
Dr. Jonathan P. Moorman, MD Physician
-
Quillen ETSU Physicians: Shams, Wael E. MD Physician
-
Nps Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
State Of Tennessee · 7 yrs held
State Of Tennessee
since 2018
6 recorded transactions
Zoning & alternative use
R-4 · 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
—
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
$22,800
Assessed 2023
Previous assessed
$22,800
+0.0% YoY
Assessed land
$11,400
Assessed improvement
$11,400
Land market value
$28,500
Improvement market value
$28,500
Total market value
$57,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
1
Bathrooms
4
Total area
8,750 SF
Lot
1.1 ac (47,916 SF)
Zoning code
R-4
APN
045M E 01500
UPID
US80-3284624
Jurisdiction
WASHINGTON
Zoning & alternative use
R-4 · Johnson City, TN
Zoning R-4 · permitted uses
R-4 · 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
1992
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
State Of Tennessee
Individual
Free & Clear · 7 yrs held
Mailing address
PO BOX 699, MOUNTAIN HOME, TN 37684-0699
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
Dec 21, 2018
—
State Of Tennessee
City Of Johnson City
Quit Claim Deed
related
—
Oct 31, 2016
$1,150,000
Medical Education Assistance C
Mountain States Properties INC
Warranty Deed
—
Oct 1, 2008
$1,082,500
Mountain States Properties INC
Bridgforth Wireman & Ledes
Warranty Deed
—
Feb 6, 2002
—
Fish B Berry
Berry,royce M
Quit Claim Deed
related
—
Oct 30, 1991
$100,000
Boyce M Berry
Unknown
Grant Deed
—
Oct 29, 1991
$100,000
—
Unknown,
Grant Deed
related
—
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.
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