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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office Spaces
693 Princeton Rd Johnson City, TN 37601-3701
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1801630
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1961
Construction
FRAME
Total area
5,378 SF
Lot
3.06 ac (133,294 SF)
Zoning code
I-1
APN
030O G 02000
UPID
US80-1801630
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
-
Families Free Inc Charitable Organization Social Service Agency
-
Communities & Schools Inc Social Service Agency Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$390k
Blend (final)
Blend
$600k
Owner & transaction history
Families Free INC · 3 yrs held
Families Free INC
since 2023
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
I-1 · Johnson City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$720,000
+56.2%
Retail stores
$635,000
+38.4%
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
$550,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$460,000
Current use
AUTO REPAIR, GARAGE
$720,000
Change: +56% · Conversion: Difficult
RETAIL STORES
$635,000
Change: +38% · Conversion: Easy
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Apr 17 2023)
Last sale anchor
$600k
Apr 17 2023
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
$112 / 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
$117,240
Assessed 2023
Previous assessed
$117,240
+0.0% YoY
Assessed land
$37,560
Assessed improvement
$79,680
Land market value
$93,900
Improvement market value
$199,200
Total market value
$293,100
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1961
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Rooms
1
Bathrooms
3
Total area
5,378 SF
Lot
3.06 ac (133,294 SF)
Zoning code
I-1
APN
030O G 02000
UPID
US80-1801630
Jurisdiction
WASHINGTON
Zoning & alternative use
I-1 · Johnson City, TN
Zoning I-1 · permitted uses
I-1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$460,000
AUTO REPAIR, GARAGE
Est. value
$720,000
RETAIL STORES
Est. value
$635,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1961
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
1
Bathrooms
3
Lot
3.06 ac
Current owner
From public records · entity-resolved
Families Free INC
Entity
Mailing address
2365 MNR CRK CT, CUMMING, GA 30041-9796
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2023
$600,000
Families Free INC
Hwy 420 Properties LLC
Warranty Deed
$510,000 · Truist Bank
Aug 23, 2018
$275,000
Hwy 420 Properties LLC
Industrial Drive Properties
Warranty Deed
$217,430 · Industrial Drive Properties
May 14, 2018
$225,000
Hwy 420 Properties LLC
Industrial Drive Properties
Warranty Deed
$180,000 · Industrial Drive Properties
Oct 28, 2016
$153,000
Industrial Drive Properties
National Electric Co INC
Warranty Deed
—
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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