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    Portfolio Listing Kingsport, TN

    For Sale
    $13,437,000

    Portfolio of 12 properties in an Opportunity Zone.

    Property size:
    166,135 SF
    Lot size:
    0.23 Acres

    Property Features for Portfolio Listing

    General Information

    Size
    166,135 SF
    Lot size
    0.23 Acres

    Source: NAI Koella RM Moore - Knoxville Agent Lauren Morgan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kingsport Investment Opportunity Zone Portfolio

    This investment opportunity is located within a designated Opportunity Zone in Kingsport, Tennessee. The portfolio features 12 properties. The properties, totaling 166135 square feet, offer the opportunity to renovate and/or lease up at an attractive cap rate, or convert the buildings into condos and sell them individually. The existing buildings possess an iconic architectural aesthetic, exemplifying a bygone era. Features include historical exterior details such as original pressed tin ceilings, exposed brick walls, and high ceilings, providing a strong foundation for unique developments. This investment offers potentially significant tax benefits and growth opportunities for long-term investors and serves as an attractive alternative to a 1031 Exchange. The portfolio offers a value-add investment within an Opportunity Zone.
    Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Map

    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.4861053
    Latitude
    36.5345348

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    FAQs

    What type of property is this?
    Shopping center - Portfolio of 12 properties in an Opportunity Zone.
    Where is this shopping center located?
    The property is located at Portfolio Listing Kingsport, TN.
    What is the asking price?
    The asking price for this property is $13,437,000.
    What are key features of this property?
    This property features: - Located in a designated Opportunity Zone, offering potentially significant tax benefits.; - Portfolio of 12 properties available for less than the cost of new construction.; - Opportunity to renovate and lease, or convert into condos to sell individually.
    (865) 315-8463
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    Portfolio Listing Kingsport, TN
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    Realmo Value Estimation

    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.

    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.

    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
    Portfolio Listing Kingsport, TN
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