401 Tilthammer Drive, Kingsport, TN 37663
COMMERCIAL - Kingsport, TN
- Added:
- Mar 20, 2026
- Days on Market:
- 100
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 401 Tilthammer Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- M1R
- Standard status
- Active
- APN
- 045n B 051.00
- Size
- 8,000 SF
- Lot size
- 2.43 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2837
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1999
- Building materials
- Metal Siding
- Roof type
- Metal
Listing agent Michael McNeese License #290535 (423) 552-5330
Listing office CENTURY 21 Legacy - Greeneville 93 N Rufe Taylor Road, Greeneville, TN (423) 639-6781
Listing date Mar 20, 2026
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
- Versatile M1R zoning on 2.43 acres suitable for various commercial uses.
- Two buildings totaling 8,000 sq ft: a 5,000 sq ft main building and a 3,000 sq ft secondary building.
- Main building features four 14‑foot automatic garage doors, natural gas heat, and a security system.
- Both buildings equipped with compressed air systems and office space.
- Secondary building offers four 12‑foot manual garage doors.
- Well‑equipped property previously used as a bus garage, ready for immediate operation.
Overview
The secondary building totals 3,000 square feet and includes four 12-foot manual garage doors, office space with heating, one restroom, and a compressed air system with a compressor. The property is zoned M1R.
With its garage-door configuration, heating, and installed compressed air capability, the site supports a range of industrial and automotive-adjacent uses such as fleet operations, service businesses, light manufacturing, or warehousing. The current setup includes office space and restrooms across both buildings, which can help streamline day-to-day operations for an incoming tenant or operator. All information is sourced from third-party records and should be verified by the buyer or buyer’s agent prior to closing.
Local Financial Insights For 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 | $184.3k | $23.04 |
| − Vacancy | −$7.7k | −$0.97 |
| EGI | $176.6k | $22.07 |
| − OpEx | −$53.0k | −$6.62 |
| NOI | $123.6k | $15.45 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.583593
- Latitude
- 36.543218
