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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Residential income homes
Wilee Rd Johnson City, TN 37601
Entity Owned
6-yr Hold
Free & Clear
Property ID
US80-2695573
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1980
Total area
6,396 SF
Lot
30.6 ac (1,332,936 SF)
APN
010055E C 02103
UPID
US80-2695573
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
$690k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$602k
Blend (final)
Blend
$645k
Owner & transaction history
Monument Sterling Hills LLC · 6 yrs held
Monument Sterling Hills LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$570,000
+50.6%
Medical building
$525,000
+38.8%
Auto repair, garage
$450,000
+18.7%
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
by Request
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$570,000
Change: +51% · Conversion: Difficult
MEDICAL BUILDING
$525,000
Change: +39% · Conversion: Moderate
AUTO REPAIR, GARAGE
$450,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$445,000
Change: +18% · Conversion: Moderate
RESTAURANT
$425,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10%
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
$101 / 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
$4,674,920
Assessed 2023
Previous assessed
$4,674,920
+0.0% YoY
Assessed land
$367,200
Assessed improvement
$4,307,720
Land market value
$918,000
Improvement market value
$10,769,300
Total market value
$11,687,300
Applied tax rate
10.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1980
Heating
YES
Cooling
AC.PACKAGE
Buildings
29
Stories
1
Units
1
Bathrooms
331
Total area
6,396 SF
Lot
30.6 ac (1,332,936 SF)
APN
010055E C 02103
UPID
US80-2695573
Jurisdiction
CARTER
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
RETAIL STORES
Est. value
$570,000
MEDICAL BUILDING
Est. value
$525,000
AUTO REPAIR, GARAGE
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$445,000
RESTAURANT
Est. value
$425,000
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RESTAURANT
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
1980
Heating
YES
Cooling
Yes
Stories
1
Buildings
29
Units
1
Bathrooms
331
Lot
30.6 ac
Current owner
From public records · entity-resolved
Monument Sterling Hills LLC
Entity
Free & Clear · 6 yrs held
Mailing address
5200 WATERFORD DISTRICT DR STE #400, MIAMI, FL 33126-7001
Ownership since
2019
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
Aug 23, 2019
$16,500,000
Monument Sterling Hills LLC
Sterling Hills Apartments LLC
Grant Deed
—
Aug 21, 2012
—
Sterling Hills Apartments LLC
Rs Sterling Hills Apartment 13
Quit Claim Deed
related
—
Aug 16, 2012
—
Sterling Hills Apartments LLC
Rs Sterling Hills Apartment 10
Quit Claim Deed
related
$8,500,000 · Cantor Commercial Real Estate
Aug 15, 2012
—
Sterling Hills Apartments LLC
Rs Sterling Hills Apartments 4
Quit Claim Deed
related
—
Nov 16, 2005
$10,855,200
Rs Sterling Hills Apartments
Sterling Hills Orchard
Grant Deed
related
$8,700,000 · J P Morgan Chase Bank
Feb 13, 2004
$196,526
Sterling Hills Orchad Limited
Maunion Realty C
Grant 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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