Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Murrayfield Way Kingsport, TN 37664

    View on Map
    Sponsored
    For Sale
    $95,000

    LAND - Kingsport, TN

    Lot size:
    2.00 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 5 at 12:06 pm

    Property Features for Murrayfield Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    PD
    APN
    119.011 00
    Lot size
    2.00 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Tina Karst

    Conservus Homes (423) 343-4307

    Listing agent Tina Karst (423) 677-0404 License #331071

    Listing date Mar 2, 2026

    MLS# 9991779 Listing URL

    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 Land in Edinburgh Community

    This property offers a rare opportunity to own acreage within the Edinburgh Community in Kingsport, Tennessee. The land, currently zoned Planned Development (PD), could accommodate a single building site or be platted for multiple lots. Any development plans are subject to approval by the developer, the Kingsport zoning board, and/or the Edinburgh Homeowners Association (HOA). The buyer is responsible for acquiring a survey of the property to determine the exact location. The property consists of approximately 2 acres. A plat map is available for review. All information should be independently verified by the buyer or buyer's agent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.571088
    Latitude
    36.440234

    Nearby Similar for Sale

    • $1,295,000
      4,000 SF

      Versatile Commercial Building on 4.3 Acres

      Commercial building with office space, garage doors, and outdoor space.
      3930 E Stone Dr, Kingsport, TN 37660
      View Details
    • $949,900
      800 SF

      Versatile Commercial Property in Kingsport

      5,600+/- SF commercial property with fenced lot in high-traffic area.
      475 Morelock St, Kingsport, TN 37660
      View Details
    • $419,000
      4,121 SF

      Kingsport Retail/Commercial Opportunity For Sale

      Retail/commercial building with high visibility and flexible layout in Kingsport.
      3504 Fort Henry Dr, Kingsport, TN 37664
      View Details
    • $600,000
      3,393 SF

      Kingsport Medical Office Space

      First-floor medical office in a prime Kingsport location.
      444 Clinchfield St, Kingsport, TN 37660
      View Details
    • $169,900
      1,023 SF

      Downtown Kingsport Office/Business Space

      Updated office space in downtown Kingsport with high visibility.
      1028 E Center St, Kingsport, TN 37660
      View Details
    • $99,900
      2,014 SF

      Kingsport Commercial Space For Sale

      Commercial space with recent upgrades on a busy street.
      820 E Center St, Kingsport, TN 37660
      View Details
    • $239,000
      4,582 SF

      Downtown Kingsport Commercial Space

      Cleared commercial space in downtown Kingsport, ready for new business.
      104 W Main St, Kingsport, TN 37660
      View Details
    • $199,900
      1,760 SF

      Kingsport Mixed-Use Commercial Property

      Mixed-use property in downtown Kingsport with high-traffic visibility.
      343 E Sullivan St, Kingsport, TN 37660
      View Details
    • $1,265,000
      8,760 SF

      High Visibility Kingsport Commercial Property

      Mixed-use investment or owner-operator opportunity in a busy business district.
      733 W Stone Dr, Kingsport, TN 37660
      View Details
    • $1,299,000
      9,000 SF

      Kingsport Commercial Property For Sale

      High-visibility commercial property with versatile building and highway access.
      1251 Montvue Rd, Kingsport, TN 37663
      View Details
    • $500,000
      Pending

      Kingsport Multifamily Investment Opportunity

      Six-unit multifamily property with value-add potential and existing cash flow.
      2008 Bloomingdale Rd, Kingsport, TN 37660
      View Details
    • $599,000
      7,912 SF

      Kingsport Commercial Property For Sale

      Retail and industrial property near Walmart and Fort Henry Mall.
      2303 Fort Henry Dr, Kingsport, TN 37664
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two acre residential land in Kingsport's Edinburgh Community.
    Where is this residential land & home lot located?
    The property is located at Murrayfield Way Kingsport, TN.
    What is the asking price?
    The asking price for this property is $95,000.
    What are key features of this property?
    This property features: - Rare acreage opportunity within the Edinburgh Community.; - Potential for single build site or multiple lots.; - Utilities available: Cable, Public Water, and Public Sewer.
    (423) 677-0404
    Request Owner's contact information
    Murrayfield Way Kingsport, TN 37664
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Murrayfield Way
    Kingsport, TN 37664
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Murrayfield Way Kingsport, TN 37664
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Tina Karst
    Real Estate License ID: 331071
    (423) 677-0404
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!