Kingsport Commercial Property For
1024 S Wilcox Drive Kingsport, TN 37660
1024 S Wilcox Drive, Kingsport, TN, 37660
$315,000
For Sale
$315,000
COMMERCIAL - Kingsport, TN
Property Size3,200 SF
Price / SF$98.44
Days on Market341
Property Features for 1024 S Wilcox Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B-3
- Parking
- 6
- Standard status
- Active
- APN
- 061p A 034.00
- Size
- 3,200 SF
Taxes and HOA fees
- Tax Annual Amount
- 1495
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1961
- Building materials
- Aluminum Siding, Stucco, Wood Siding
- Roof type
- Metal
Listing Agency
The Brokers Realty
(423) 631-0355
112 E Watauga Ave, TN
Listed by
J. Alan McInturff · License #218646
(423) 571-5381
Added: Aug 11, 2025 Checked: Jul 17 at 4:06 pm
MLS# 9984342
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property in Kingsport, TN, offers approximately 3,200 square feet of living space within the main building. A separate building located behind the main structure provides an additional 1,200 square feet of space and generates a rental income of $450 per month. An apartment situated above the main building is currently rented for $550 per month. The property is zoned B-3 and presents many possibilities due to its prime location.
Key Highlights
- Priced below 2025 certified appraisal.
- Prime location.
- Rental income: $550/month from apartment over main building.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $49.9k | $15.60 |
| − Vacancy | −$5.0k | −$1.56 |
| EGI | $44.9k | $14.04 |
| − OpEx | −$16.8k | −$5.27 |
| NOI | $28.1k | $8.77 |
3,200 SF · lease $15.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$401.1K
$351.0K – $468.0K
NOI $28,080 @ 7.0% cap · market cap 8.91%
Second Best
Apartment 5plus
$319.3K
$279.4K – $372.6K
NOI $22,353 @ 7.0% cap · market cap 7.10%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,884 @ 7.0% cap · market cap 26.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tennessee Tanning
Tanning Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with rental income potential in prime location.
Where is this mixed-use property located?
The property is located at 1024 S Wilcox Drive Kingsport, TN.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Priced below 2025 certified appraisal.; Prime location.; Rental income: $550/month from apartment over main building.
