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    Medical/Mixed-Use Building For Lease Title is generated by Realmo AI

    1526 Bridgewater Lane, Kingsport, TN 37660

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    Claim this Listing
    Pending
    $1,976/Mo $14 SF/Yr (calc)

    COMMERCIAL - Kingsport, TN

    Property size:
    1,694 SF
    Lot size:
    1.10 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    118
    Last Refresh:
    May 24 at 7:06 pm

    Property Features for 1526 Bridgewater Lane

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B3
    Parking
    34
    Standard status
    Pending
    APN
    047h A 006.01
    Size
    1,694 SF
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Annual Amount
    6420

    Utilities

    Utilities
    Natural Gas Available
    Sewer type
    Public Sewer
    Heating system
    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
    Ed Mahaffey

    Listing agent Ed Mahaffey License #355986

    Listing office TCI Group - Jerry Petzoldt Agency, LLC 5 Red Bush Court Suite 20, TN

    Listing date Jan 26, 2026

    MLS# 9990545

    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.

    HighLights

    • Prime location in Kingsport, TN, just off Stone Dr., near major medical hubs, retail, and residential areas.
    • Versatile mixed‑use medical building suitable for various healthcare‑related uses and multiple medical specialties.
    • Unit #200 offers 1,694 SF finished area, previously a laboratory, ideal for clinical labs or conversion to medical suites.
    • Optional warehouse space available with Unit #200 (910 SF).
    • Flexible space that can be used as a single facility or subdivided for multiple tenants.
    • 34 parking spaces, including multiple handicap‑accessible spots.

    Overview

    Located just off East Stone Drive in Kingsport, Tennessee, 1526 Bridgewater Lane is a mixed-use medical building offering space for lease. Unit #200 features 1,694 square feet of finished space with an optional additional 910 square feet of warehouse space. Previously utilized by physicians, a laboratory, and a physical therapy provider, the property is suitable for various healthcare-related uses. The building is divided into two units with five distinct sections, offering the flexibility to be used as a single comprehensive medical facility or subdivided for multiple tenants. Unit #200 is the former laboratory space, well-suited for clinical labs, diagnostic services, or conversion to additional medical suites. The property includes 34 parking spaces, including multiple handicap-accessible spots. It is strategically located near major medical hubs, retail, and residential areas. Adjacent medical offices are occupied by multiple physicians. The lot size is 1.1 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    St. Luke's Physical ... Medical Clinic Kingsport Primary Care Medical Clinic Robust Physical Therapy ... Medical Clinic Keith Pratt Physician Scott Mclain Pediatrician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Indian Ridge Animal Hospital, Inc. — 1100 Indian Trail Dr #4659, Kingsport, TN 37660
    • Bunch Michael DVM — 1100 Indian Trail Dr #4659, Kingsport, TN 37660
    • Vaughan Jane S DVM — 1100 Indian Trail Dr #4659, Kingsport, TN 37660
    • Mears Matt DVM — 1100 indian trail dr #4659, kingsport, tn 37660
    • Nannenga Stephanie DVM — 1100 Indian Trail Dr #4659, Kingsport, TN 37660

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.520121
    Latitude
    36.549889

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    FAQs

    What type of property is this?
    Medical Office Space - Medical/mixed-use building in prime Kingsport location with optional warehouse space.
    Where is this medical office space located?
    The property is located at 1526 Bridgewater Lane Kingsport, TN.
    What is the lease rate?
    The lease rate is $1,976 /Mo.
    What are key features of this property?
    This property features: Prime location in Kingsport, TN, just off Stone Dr., near major medical hubs, retail, and residential areas.; Versatile mixed‑use medical building suitable for various healthcare‑related uses and multiple medical specialties.; Unit #200 offers 1,694 SF finished area, previously a laboratory, ideal for clinical labs or conversion to medical suites.
    (423) 430-4215
    We can help!
    Listing Contact
    Ed Mahaffey
    Ed Mahaffey
    Real Estate License ID: 355986
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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.

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