Johnson City, KS High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Johnson City, Kansas Market population: 66K. Compare commercial properties across all major asset classes...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Johnson City TN Properties: 0.6200%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Johnson City TN
Common questions from investors exploring commercial real estate in Johnson City TN.
What's the overall investment outlook for Johnson City, TN, considering its demographics and economy?
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Johnson City's population of 66,027, with a median age of 37.4 and median household income of $43,419, suggests a stable market. The poverty rate of 18.2% is a concern, but the high health insurance coverage of 92.1% and low average commute time of 20.4 minutes indicate a relatively stable workforce, making it an attractive location for investors looking for a balance between affordability and employment stability.
How does the ethnic diversity and industry mix in Johnson City impact real estate demand?
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The city's ethnic diversity, with 89.1% White, 4.5% Black or African American, and 2.2% Asian, contributes to a diverse rental market. The top industries, including Health Care & Social Assistance, Retail Trade, and Manufacturing, drive demand for housing, especially considering the employed population of 31,469 and the relatively low unemployment rate of 4.2%, which together suggest a strong and stable demand for real estate.
What are the implications of Johnson City's housing market for real estate investors?
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With a median property value of $173,400 and median property taxes of $1,244, Johnson City offers relatively affordable investment opportunities. The homeownership rate of 58.2% and renter percentage of 41.8% indicate a balanced market, while the average commute time of 20.4 minutes and high health insurance coverage of 92.1% suggest that tenants are likely to be stable, long-term renters, which is beneficial for investors seeking predictable income.
How does the quality of life in Johnson City, TN, affect its attractiveness to real estate investors?
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The city's quality of life, marked by a short average commute time of 20.4 minutes and a high rate of health insurance coverage at 92.1%, suggests a desirable place to live. This, combined with the diverse economy led by Health Care & Social Assistance, Retail Trade, and Manufacturing, and a foreign-born rate of 3.8%, indicates a vibrant community that can attract and retain residents, thereby supporting the local real estate market and making it an attractive investment destination.
What role do income inequality and poverty rates play in assessing Johnson City as an investment location?
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Johnson City's GINI coefficient of 0.481 and poverty rate of 18.2% are important considerations for investors. However, when viewed in the context of the city's median household income of $43,419, employed population of 31,469, and the dominant industries, these factors suggest that while there are challenges, the overall economic stability and diversity can mitigate some of the risks associated with income inequality and poverty, making targeted investments in the right sectors potentially lucrative.
Johnson City TN Real Estate & City Facts
Key facts and real estate information about Johnson City TN.
What are some of the best neighborhoods to live in Johnson City?
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Some of the best neighborhoods to live in Johnson City include Oak Grove, Boone's Creek, Spurgeon, Cherokee, Seminole Woods, and South Side Johnson City. Mayfield/Buckingham is also a highly rated neighborhood. Additionally, the Gray, Boones Creek area of Johnson City has some rural parts as well. Jonesborough, Erwin, and Greenville are also nearby options to consider.
What are some fun things to do in Johnson City?
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Johnson City has a lot to offer, from outdoor activities like mountain biking and rafting to shopping and brewery hopping. You can visit Tweetsie Trail, a 10-mile trail that connects Johnson City and Elizabethton, or explore Winged Deer Park, a 200-acre district park. The city also has a variety of restaurants and bars, like Label Restaurant, Mulligans Irish Pub, and The Firehouse Restaurant. For a charming weekend getaway, you can check out the Johnson City Convention & Visitor Bureau for more ideas.
What is the food scene like in Johnson City?
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The food scene in Johnson City is diverse and exciting, with a range of options to suit every taste. You can find everything from American cuisine at Label Restaurant and The Firehouse Restaurant, to Irish pubs like Mulligans Irish Pub. Juniper is a chef-owned and operated dining experience that serves modern American cuisine with a focus on seasonal and regional ingredients. Cafe Lola is another great option, with custom cocktails and tailored menus featuring standouts from the Johnson City food scene. There are also plenty of great food trucks and casual eateries to try.
What are the pros and cons of living in Johnson City?
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Johnson City has a lot to offer, with a low cost of living, a growing economy, and a variety of outdoor activities and cultural events. However, the city also faces challenges like poverty and income inequality. The median household income is around $43,000, and the poverty rate is around 18%. On the other hand, the city has a strong sense of community, with a variety of neighborhood options and a growing downtown area. Overall, Johnson City is a great option for those looking for a small-town feel with big-city amenities.
Is Johnson City a good place to live?
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Johnson City is a great place to live for those who value a small-town feel with big-city amenities. The city has a lot to offer, from outdoor activities and cultural events to a growing economy and a variety of neighborhood options. While it faces challenges like poverty and income inequality, the city also has a strong sense of community and a low cost of living. Overall, Johnson City is a great option for families, young professionals, and retirees alike. With its natural beauty, rich history, and friendly community, Johnson City is a great place to call home.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Johnson City TN Commercial Property: $43,419
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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