Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    724-1611 Plantation Rd Kingsport, TN 37660

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    5-acre site near I-26 interchange, suitable for mixed-use development.

    Lot size:
    5.00 Acres

    Property Features for 724-1611 Plantation Rd

    General Information

    Lot size
    5.00 Acres

    We can help!

    Listing Contact
    R. Lynn Shipley, Jr.
    Source: Moodyscre

    Listing Agent: R. Lynn Shipley, Jr.

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

    Learn more

    Overview

    Prime Kingsport Development Opportunity

    This 5-acre site is located at the interchange of I-26 and W. Stone Drive in Kingsport, TN. The property is comprised of 6 total parcels. The parcel fronting West Stone Drive is zoned commercial, and the remaining parcels are zoned residential. There is a garage on the commercial parcel and 3 houses on the remaining parcels. The property is ideally suited for mixed-use development with commercial frontage on West Stone Drive and residential on the remaining acres. With re-zoning, the location could be suitable for retail, office, or multi-family development with townhouses, apartments, or senior housing. Access to the property is via Riverside Avenue and Putnam Street to Plantation Road. The property has approximately 170 feet of frontage, providing exposure to both West Stone Drive and the I-26, Exit 1 interchange.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.578766
    Latitude
    36.556774

    Nearby Similar for Sale

    • $2,500,000
      30,420 SF

      Restored Mixed-Use Building, Kingsport

      Historic mixed-use building with luxury apartments and commercial units.
      220 Broad St, Kingsport, TN 37660
      View Details
    • $800,000
      8,253 SF

      Kingsport Multifamily Investment Opportunity

      Income-producing 8-unit apartment building near Eastman Headquarters.
      420 Wheatley St, Kingsport, TN 37660
      View Details
    • $319,900
      3,198 SF

      Mixed-Use Building in Downtown Kingsport

      Two-story mixed-use building with retail and residential units.
      809 E Sullivan St, Kingsport, TN 37660
      View Details
    • $475,000
      8,372 SF

      Downtown Kingsport Commercial Building For Sale

      Spacious 8,300+ sq ft commercial building in downtown Kingsport, TN.
      440 E Sullivan St, Kingsport, TN 37660
      View Details
    • $344,300
      1,976 SF

      Kingsport Duplex: Investment Opportunity

      Well-maintained Kingsport duplex with two units, ideal for investors.
      536 Mayfield Ave, Kingsport, TN 37665
      View Details
    • New
      $630,000
      0.63 Acres

      Kingsport Multifamily Investment Opportunity

      Multifamily property with remodeling, expansion potential, and convenient location.
      4033 Harbor Chapel Rd, Kingsport, TN 37664
      View Details
    • $1,350,000
      4,000 SF

      Versatile Commercial Building on 4.3 Acres

      Commercial building with 4,000 sqft, 4.3 acres, and high visibility.
      3930 E Stone Dr, Kingsport, TN 37660
      View Details
    • $2,000,000
      21,600 SF

      Kingsport Commercial Space For Sale

      Six buildings totaling 21,600 SF on 3.38 acres.
      516 Morelock St, Kingsport, TN 37660
      View Details
    • $329,900

      Kingsport Mixed-Use Investment Opportunity

      Mixed-use property with rental income potential in prime location.
      1024 S Wilcox Dr, Kingsport, TN 37660
      View Details
    • New
      $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
    • $699,000
      4,500 SF

      Sprawling Multi-Family Home on Acreage

      Five-bedroom home on 5.26 acres with mountain views.
      4296 Bloomingdale Rd, Kingsport, TN 37660
      View Details
    • $197,000
      1,069 SF

      Kingsport Commercial Property with B3 Zoning

      Multi-use commercial space with B3 zoning and road frontage.
      976 Lynn Garden Dr, Kingsport, TN 37665
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5-acre site near I-26 interchange, suitable for mixed-use development.
    Where is this commercial land located?
    The property is located at 724-1611 Plantation Rd Kingsport, TN.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Prime 1.5-acre site located at the I-26 and W. Stone Drive interchange.; - Zoned for mixed-use development (commercial/residential) with re-zoning potential.; - Excellent visibility with 170 feet of frontage on W. Stone Drive and I-26, Exit 1.
    (423) 612-4905
    Request Owner's contact information
    724-1611 Plantation Rd Kingsport, TN 37660
    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.
    724-1611 Plantation Rd
    Kingsport, TN 37660
    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
    724-1611 Plantation Rd Kingsport, TN 37660
    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
    R. Lynn Shipley, Jr.
    (423) 612-4905
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.