Property profile

701 Med Tech Pkwy Johnson City, TN 37604

OFF-MARKET
Medical Office Space
Property ID
US80-2869440
61,881 SF 4.28 ac lot Built 2008
Entity Owned 8-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2008
Construction CONCRETE
Total area 61,881 SF
Lot 4.28 ac (186,437 SF)
APN 045C A 00300C001
UPID US80-2869440

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

701 Med Tech Pkwy Johnson City, TN 37604-2365
Johnson City metro Census 60402 JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.82M
Blend (final) Blend
$6.55M

Owner & transaction history

since 2018
2 recorded transactions
2018
$18.2M
2011
$4.4M

Zoning & alternative use

Top alternative use upside
Restaurant $5.6M +14.6%

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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