Three-Bay Auto Shop
For Sale
$547,500
1100 E Center Street, Kingsport, TN 37660
COMMERCIAL - Kingsport, TN
Property Size4,448 SF
Lot Size0.20 Acres
Price / SF$123.09
Days on Market47
Property Features for 1100 E Center Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B 3
Parking
68
Subdivision
Kingsport Corp
Directions
From 11W, go 18 miles then turn left to N Eastman Road. In 0.8 miles turn left to E Center Street. In 1.3 miles the property is located on your right. GPS friendly.
Standard status
Active
APN
046o L 00100 000
Size
4,448 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Annual Amount
1189
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
office space
showroom potential
ample storage
fresh exterior paint
new windows
new entry door
updated flooring
durable truss roof system
Building Details
Year built
1939
Building materials
Brick
Roof type
Composition
Listing Agency:
The Addington Agency Bristol
(423) 845-5800
Listed By:
Dominick Abate · License #373146
(276) 275-7883
Added: Jul 17
Changed: Aug 14
Last Checked: Sep 1 at 3:06AM
MLS# 9998288
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.
Investment Insights
Based on property information with market context.
Brick auto shop building with a functional layout designed for vehicle service and related commercial uses. The property includes three 12-foot garage bays, office space, showroom potential, and ample storage. Heating options include natural gas, electric heating, and a heat pump, with central air cooling.
The building was constructed in 1939 and sits on a 0.2-acre lot. It is located at 1100 E Center Street in Kingsport, positioned for high visibility along a busy corridor. The property is zoned B 3, supporting a variety of garage-door, automotive, service, light industrial, and retail-style applications.
Recent improvements include fresh exterior paint, new windows, a new entry door, updated flooring, and a durable truss roof system. The current use is a well-established garage door company operating for more than 20 years, offering a strong foundation for a new owner’s next chapter.
Buyer and buyers’ agent to verify all information.
The building was constructed in 1939 and sits on a 0.2-acre lot. It is located at 1100 E Center Street in Kingsport, positioned for high visibility along a busy corridor. The property is zoned B 3, supporting a variety of garage-door, automotive, service, light industrial, and retail-style applications.
Recent improvements include fresh exterior paint, new windows, a new entry door, updated flooring, and a durable truss roof system. The current use is a well-established garage door company operating for more than 20 years, offering a strong foundation for a new owner’s next chapter.
Buyer and buyers’ agent to verify all information.
Key Highlights
- 3, 12‑foot garage bays
- 4,400+/- SF commercial building on a 0.2‑acre lot
- B 3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,266
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,320
$645.3K
Cap Rate 7%
$460,943
$460.9K
Cap Rate 9%
$358,511
$358.5K
Market Conditions
NOI Build-Up for 4,448 SF
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.
Gross rent
$53.4K $12.00/SF
− Vacancy
−$3.7K −$0.84/SF
EGI
$49.6K $11.16/SF
− OpEx
−$17.4K −$3.91/SF
NOI
$32.3K $7.25/SF
Area
Sullivan County, TN
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$645,320
Cap Rate 7%
$460,943
Cap Rate 9%
$358,511
Alternative Uses
Best Use
Retail
$981.8K
$859.1K – $1.15M
NOI $68,724 @ 7.0% cap · market cap 12.55%
Second Best
Flex RnD
$460.9K
$403.3K – $537.8K
NOI $32,266 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$1.67M
$1.46M – $1.94M
NOI $116,599 @ 7.0% cap · market cap 21.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
717
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37660, TN
39,479
Population
20,405
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
65.7 sq mi
ZIP Area
601
Density / Sq Mi
$46,913
Median Household Income
$34,164
Median Earnings
$833
Median Rent
$177,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Afg Glass Afgd — 1400 lincoln st, kingsport, tn 37660
- Jeff's Pipe & Muffler — 817 E Sullivan St, Kingsport, TN 37660
- The Shop — 961 e sullivan st, kingsport, tn 37660
- Afford-A-Tire — 949 E Sullivan St, Kingsport, TN 37660
- Kingsport Cycles LLC — 100 Island St, Kingsport, TN 37660
Frequently Asked Questions
What type of property is this?
Auto shop - Brick auto shop with three 12-foot garage bays, office and showroom potential, zoned B-3 with central air.
Where is this auto shop located?
The property is located at 1100 E Center Street Kingsport, TN.
What is the asking price?
The asking price for this property is $547,500.
What are key features of this property?
This property features: 3, 12‑foot garage bays; 4,400+/- SF commercial building on a 0.2‑acre lot; B 3 zoning
