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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Warehouses
620 Walnut St Johnson City, TN 37604-6600
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-3392876
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Construction
FRAME
Total area
24,350 SF
Lot
1.5 ac (65,340 SF)
APN
054F A 02300
UPID
US80-3392876
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.83M
CAP Approach
CAP
$2.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Eastman Credit Union · 1 yrs held
Eastman Credit Union
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+125.8%
Retail stores
$2.0M
+60.5%
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
Method
Estimation
Statistic approach
$1,825,000
ML approach
$1,825,000
CAP Approach
CAP Return
Estimation
6%
$2,755,000
6.5%
$2,540,000
7%
$2,360,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,230,000
Current use
COMMERCIAL (GENERAL)
$2,780,000
Change: +126% · Conversion: Difficult
RETAIL STORES
$1,975,000
Change: +60% · Conversion: Moderate
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.83M (Oct 9 2024)
Last sale anchor
$1.83M
Oct 9 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$75 / 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
$241,880
Assessed 2023
Previous assessed
$241,880
+0.0% YoY
Assessed land
$60,440
Assessed improvement
$181,440
Land market value
$151,100
Improvement market value
$453,600
Total market value
$604,700
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
YES
Buildings
2
Stories
1
Units
1
Rooms
2
Bathrooms
4
Total area
24,350 SF
Lot
1.5 ac (65,340 SF)
APN
054F A 02300
UPID
US80-3392876
Jurisdiction
WASHINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$2.8M
RETAIL STORES
Est. value
$2.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
FRAME
Heating
YES
Stories
1
Buildings
2
Units
1
Rooms
2
Bathrooms
4
Lot
1.5 ac
Current owner
From public records · entity-resolved
Eastman Credit Union
Individual
Mailing address
2021 MEADOWVIEW LN, KINGSPORT, TN 37660-7468
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2024
$1,827,000
Eastman Credit Union
West Walnut Street Spaces LLC
Warranty Deed
—
Jan 29, 2021
$1,249,000
West Walnut Street Spaces LLC
David C Preston
Warranty Deed
—
Jun 22, 2018
—
David C Preston
—
Deed
related
$50,000 · First Bk & Tr Co
Nov 3, 2017
—
David C Preston
—
Grant Deed
related
$1,027,000 · First Bk
Nov 5, 2015
$850,000
David C Preston
Preston Holdings
Quit Claim Deed
related
—
May 11, 2007
$810,000
Sonja Fox
B & W Investments
Warranty Deed
—
Aug 31, 2004
$450,000
Preston Holdings
Noland Properties INC
Warranty Deed
related
—
—
—
Preston Holdings
—
Deed Of Trust
related
$658,750 · Bank Of Tennessee
—
—
David C Preston
—
Deed Of Trust
related
$50,000 · First Bk & Tr Co
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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