1006 Gibson Mill Rd Kingsport, TN 37660
For sale mixed-use property includes a storefront floral shop, an 8-unit apartment building, a duplex, and a cottage home.
- Added:
- May 8, 2026
- Days on Market:
- 68
- Last Refresh:
- Jul 10 at 2:25 am
Property Features for 1006 Gibson Mill Rd
General Information
- Standard status
- Active
- Size
- 8,759 SF
Listing office Crye-Leike Realtors (423) 863-3008
Listing date May 8, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
Per the current operating status, 9 units are rented, providing immediate income for a new owner. The property is located at 1006 Gibson Mill Rd in Kingsport, TN, with easy access described to downtown Kingsport and nearby shopping, restaurants, and medical offices, including Holston Valley Medical Center.
Overall, the configuration offers a blend of operating retail space and multiple rental dwellings, including apartments, a duplex, and a cottage home.
Key Highlights
- Mixed‑use property in Kingsport with a storefront currently operated as a floral shop (Holston Floral Shop).
- Storefront space is set up and operating as a floral shop.
- 8‑unit apartment building with 1‑bedroom, 1‑bath units.
Local Financial Insights For Multifamily LT 5
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 | $99.9k | $11.40 |
| − Vacancy | −$6.5k | −$0.74 |
| EGI | $93.4k | $10.66 |
| − OpEx | −$28.0k | −$3.20 |
| NOI | $65.4k | $7.46 |
