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    Renovated Commercial Property in Kingsport Title is generated by Realmo AI

    216 W Ravine Road, Kingsport, TN 37660

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    Claim this Listing
    For Sale
    $315,000

    COMMERCIAL - Kingsport, TN

    Property size:
    1,300 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $242/SF
    Added:
    Apr 6, 2026
    Days on Market:
    49
    Last Refresh:
    May 24 at 7:06 pm

    Property Features for 216 W Ravine Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    P1/R2
    Parking
    23
    Standard status
    Active
    APN
    046h N 020.00
    Size
    1,300 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    857

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1992
    Building materials
    Brick
    Roof type
    Shingle

    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 Apr 6, 2026

    MLS# 9993440

    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 directly across from Ballad Health in a high‑demand healthcare corridor.
    • Move‑in ready, newly renovated within the last three years.
    • Exceptional visibility and accessibility with strong daily traffic.
    • 23 dedicated parking spaces and a drive‑through window with existing infrastructure.
    • Four spacious, flexible rooms adaptable to various business needs.
    • ADA accessibility, updated HVAC, ceilings, and lighting, plus a bathroom and kitchenette.

    Overview

    Located in Kingsport, Tennessee, the commercial property at 216 W Ravine Rd. offers a newly renovated space suitable for various professional uses. Positioned in a dynamic and high-demand healthcare corridor directly across from Ballad Health, this property provides exceptional visibility and accessibility. It is ideal for medical or specialty clinics, therapy or counseling practices, outpatient services, or modern office and technology-based businesses. The property benefits from strong daily traffic and close proximity to downtown Kingsport. Updated within the last three years, the space is designed to support immediate occupancy. It features 23 dedicated parking spaces, a drive-through window with existing infrastructure, and a welcoming glass-front entrance. The interior includes four spacious, flexible rooms, ADA accessibility, updated ceilings and lighting, a modern HVAC system, hardwood flooring, a bathroom, and a kitchenette. Two interior safes provide secure storage options. The property, zoned P1/R2, occupies a 0.5-acre lot and offers 1300 square feet of space.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $210.9K
    NOI $18,982 @ 9.00% cap · cautious / downside scenario
    Moderate
    $271.2K
    NOI $18,982 @ 7.00% cap · market / base-case scenario
    Aggressive
    $379.6K
    NOI $18,982 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $32.4k $24.96
    − Vacancy −$7.1k −$5.49
    EGI $25.3k $19.47
    − OpEx −$6.3k −$4.87
    NOI $19.0k $14.60
    1,300 SF · lease $24.96/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $271.2K
    $237.3K – $316.4K (±1% cap)
    NOI $18,982 @ 7.0% cap · market cap 6.03%
    Second Best
    Healthcare Medical
    $214.1K
    $187.4K – $249.8K (±1% cap)
    NOI $14,988 @ 7.0% cap · market cap 4.76%
    Theoretical Best
    Office A
    $486.8K
    $426.0K – $568.0K (±1% cap)
    NOI $34,078 @ 7.0% cap · market cap 10.82%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Volume Interactive Advertising Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Kingsport Veterinary Hospital — 524 W Center St, Kingsport, TN 37660
    • Kingsport Veterinary Hospital: Warren Ashley DVM — 524 W Center St, Kingsport, TN 37660
    • Kingsport Veterinary Hospital: Dotson Thomas DVM — 524 W Center St, Kingsport, TN 37660
    • Mangum Carpent Rachael DVM — 524 W Center St, Kingsport, TN 37660

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.556634
    Latitude
    36.55405

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    FAQs

    What type of property is this?
    Medical Office Space - Move-in-ready commercial space in high-demand healthcare corridor.
    Where is this medical office space located?
    The property is located at 216 W Ravine Road 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: Prime location directly across from Ballad Health in a high‑demand healthcare corridor.; Move‑in ready, newly renovated within the last three years.; Exceptional visibility and accessibility with strong daily traffic.
    (423) 430-4215
    We can help!
    Listing Contact
    Ed Mahaffey
    Ed Mahaffey
    Real Estate License ID: 355986
    Request Owner's contact information
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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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