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    The Largest CRE Database in the US with Over 1 Million Listings

    1251 Montvue Rd Kingsport, TN 37663

    Sponsored
    For Sale
    $1,299,000

    COMMERCIAL - Kingsport, TN

    Property size:
    9,000 SF
    Lot size:
    3.59 Acres
    Days on Market:
    27
    Last Refresh:
    Feb 5 at 11:06 pm

    Property Features for 1251 Montvue Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B3
    APN
    106c C 001.01
    Parking
    20
    Size
    9,000 SF
    Lot size
    3.59 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Electric (Heating), Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2006
    Building materials
    Metal Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Ed Mahaffey

    TCI GROUP - JERRY PETZOLDT AGE (423) 915-0911

    Listing agent Ed Mahaffey (423) 430-4215 License #355986

    Listing date Jan 10, 2026

    MLS# 9954909

    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.

    Learn more

    Property Insight Report

    Overview

    Kingsport Commercial Property For Sale

    This commercial property is located in Kingsport, TN, and is visible from exit 59 on Interstate 81. It is also located within two miles of Interstate 26, providing access to East TN, Southwest VA, and Western NC. The property is a 3.25-acre site that is fully fenced and gated. It includes a 13,500 sq. ft. commercial metal building suitable for warehouse space, light manufacturing, or a commercial retail showroom. A 60' location sign provides advertising opportunities and high visibility to traffic on Interstate 81 and Highway 36. The property is located 5 miles from the Tri Cities airport. Johnson City, TN, is 10 minutes away, and Bristol, TN, is a 20-minute drive. Daily traffic counts on Interstate 81 at exit 59 reach 49,000, with an additional 24,000 on Highway 36. Interstate 26 records a daily traffic count of 32,000. The location is within the Kingsport-Bristol MSA and on the border of the Johnson City, TN MSA, providing access to a population base with over 300,000 residents and more than 125,000 households in adjacent counties. The B3 zoning allows for hwy-oriented establishments, public services, auto or boat sales, retail or wholesale operations, material supply, climate-controlled indoor storage, maintenance and repair services, and commercial recreation and entertainment ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Map

    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.490123
    Latitude
    36.471834

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    FAQs

    What type of property is this?
    Warehouse - High-visibility commercial property with versatile building and highway access.
    Where is this warehouse located?
    The property is located at 1251 Montvue Rd Kingsport, TN.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - High visibility location directly off Interstate 81 (Exit 59) with 49,000 daily traffic count.; - Versatile 13,500 sq. ft. commercial metal building suitable for warehouse, light manufacturing, or retail showroom use.; - Strategic location within the Kingsport-Bristol MSA, bordering Johnson City, TN MSA, providing access to a large population base (over 300,000 residents).
    (423) 430-4215
    Request Owner's contact information
    1251 Montvue Rd Kingsport, TN 37663
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    Kingsport, TN 37663
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1251 Montvue Rd Kingsport, TN 37663
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    We can help!
    Listing Contact
    Ed Mahaffey
    Real Estate License ID: 355986
    (423) 430-4215
    Learn more
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