Mixed-Use Income
105 Brookfield Dr, Kingsport, TN 37663
For Sale
$429,900
Six fully leased units combine three commercial suites and three residential apartments with street-level parking.
Property Size4,544 SF
Price / SF$94.61
Days on Market114
Property Features for 105 Brookfield Dr
General Information
Standard status
Size
Occupancy
Site & Location
Highway Access
Road Access
Additional Details
Multifamily Units
Building Details
Year Built
Tenancy
Listing Agency:
KW Johnson City
Listed By:
Ryan McKinney · License TN #322580
(423) 741-3411
Source:
Thecolinandcarlygroup
Added: Jul 21
Changed: Oct 26
Last Checked: Oct 7 at 1:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Johnson City
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Investment Insights
Based on property information with market context.
This mixed-use investment property includes six fully occupied units, arranged as three commercial suites and three residential apartments. The commercial portion totals approximately 1,850 square feet and is divided into three suites. The residential component consists of three fully occupied apartments on the lower level, creating multiple separate income streams within one building.
Conveniently served by street-level parking for commercial clients and customers, the property is located in an established commercial corridor in Kingsport, Tennessee. It provides access to East Stone Drive, Interstate 26, and John B. Dennis Highway, connecting the asset to the greater Tri-Cities region.
Recent capital improvements include a roof that is approximately six years old. The property is fully leased and currently generates gross scheduled rental income of approximately $47,940 annually, supporting a stabilized, diversified cash flow profile.
Conveniently served by street-level parking for commercial clients and customers, the property is located in an established commercial corridor in Kingsport, Tennessee. It provides access to East Stone Drive, Interstate 26, and John B. Dennis Highway, connecting the asset to the greater Tri-Cities region.
Recent capital improvements include a roof that is approximately six years old. The property is fully leased and currently generates gross scheduled rental income of approximately $47,940 annually, supporting a stabilized, diversified cash flow profile.
Key Highlights
- Six‑unit mixed‑use property at 105 Brookfield Drive, built in 1970
- All six units are currently leased, with no lease‑up required
- Commercial space totals approx. 1,850 SF across three suites (approx. 400 SF, 600 SF, and 850 SF)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,742
Cap Rate
7.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,840
$634.8K
Cap Rate 7%
$453,457
$453.5K
Cap Rate 9%
$352,689
$352.7K
Market Conditions
NOI Build-Up for 4,544 SF
Gross rent
$61.1K $13.44/SF
− Vacancy
−$3.4K −$0.74/SF
EGI
$57.7K $12.70/SF
− OpEx
−$26.0K −$5.72/SF
NOI
$31.7K $6.99/SF
Area
Sullivan County, TN
Vacancy
5.50%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$634,840
Cap Rate 7%
$453,457
Cap Rate 9%
$352,689
Alternative Uses
Best Use
Office B
$947.9K
$829.4K – $1.11M
NOI $66,350 @ 7.0% cap · market cap 15.43%
Second Best
Apartment 5plus
$453.5K
$396.8K – $529.0K
NOI $31,742 @ 7.0% cap · market cap 7.38%
Theoretical Best
Office A
$1.70M
$1.49M – $1.99M
NOI $119,115 @ 7.0% cap · market cap 27.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 37663, TN
14,392
Population
6,679
Households
2.2
Avg Household Size
47
Median Age
34%
College-Educated
95%
High-School Grad
25.8 sq mi
ZIP Area
558
Density / Sq Mi
$76,122
Median Household Income
$45,399
Median Earnings
$886
Median Rent
$224,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Kingsport, TN
Properties on Market for Apartment buildings in Kingsport
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Six fully leased units combine three commercial suites and three residential apartments with street-level parking.
Where is this apartment building located?
The property is located at 105 Brookfield Dr Kingsport, TN.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Six‑unit mixed‑use property at 105 Brookfield Drive, built in 1970; All six units are currently leased, with no lease‑up required; Commercial space totals approx. 1,850 SF across three suites (approx. 400 SF, 600 SF, and 850 SF)
