Former Restaurant Retail
1916 Sherwood Road Kingsport, TN 37664
For Sale
$189,500
COMMERCIAL - Kingsport, TN
Property Size1,596 SF
Lot Size0.18 Acres
Price / SF$118.73
Days on Market604
Property Features for 1916 Sherwood Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Standard status
Active
APN
061l D 017.00
Size
1,596 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
1873
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1940
Building materials
Brick
Roof type
Asphalt, Composition
Listing Agency:
Bob Quillen Realtors
(423) 378-4511
Listed By:
Bob Quillen · License #11726
(423) 360-1000
Added: Dec 2, 2024
Changed: Jul 28
Last Checked: Jul 29 at 4:06AM
MLS# 9974008
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 for-sale retail property at 1916 Sherwood Road in Kingsport, TN includes a former restaurant building and the associated lot, offered for sale as-is. The listing reflects a commercial property configuration suitable for continued retail and restaurant-style use, subject to applicable approvals.
The site is zoned Commercial and sits on a 0.18-acre lot with 1,596 square feet of building area. If you’re evaluating space for a new concept or replacement location, this offering provides a straightforward option with the building and lot included in the sale on an as-is basis.
The site is zoned Commercial and sits on a 0.18-acre lot with 1,596 square feet of building area. If you’re evaluating space for a new concept or replacement location, this offering provides a straightforward option with the building and lot included in the sale on an as-is basis.
Key Highlights
- Brick building with asphalt/composition roof
- Forced air heating and wall unit(s) cooling
- Public water and public sewer
Financial Insights For Specialty Retail
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 | $23.9k | $15.00 |
| − Vacancy | −$1.4k | −$0.90 |
| EGI | $22.5k | $14.10 |
| − OpEx | −$5.6k | −$3.53 |
| NOI | $16.9k | $10.58 |
1,596 SF · lease $15.00/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Retail
$352.3K
$308.2K – $411.0K
NOI $24,659 @ 7.0% cap · market cap 13.01%
Second Best
Specialty Retail
$241.1K
$211.0K – $281.3K
NOI $16,878 @ 7.0% cap · market cap 8.91%
Theoretical Best
Office A
$597.7K
$523.0K – $697.3K
NOI $41,837 @ 7.0% cap · market cap 22.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Ming Garden Chinese Restaurant — 1207 N Eastman Rd, Kingsport, TN 37664
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial-zoned former restaurant building and lot sold as-is.
Where is this conventional restaurant located?
The property is located at 1916 Sherwood Road Kingsport, TN.
What is the asking price?
The asking price for this property is $189,500.
What are key features of this property?
This property features: Brick building with asphalt/composition roof; Forced air heating and wall unit(s) cooling; Public water and public sewer
