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

    121 E Ravine Rd Kingsport, TN 37660

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr ($2,621 /Mo)

    Class B medical office space near Ballad Health Holston Valley.

    Property size:
    2,247 SF
    Lot size:
    1.46 Acres

    Property Features for 121 E Ravine Rd

    General Information

    Size
    2,247 SF
    Lot size
    1.46 Acres

    We can help!

    Listing Contact
    Lauren Morgan
    Source: Moodyscre

    Listing Agency: NAI Koella RM Moore - Knoxville Listing Agent: Lauren Morgan

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

    Learn more

    Overview

    Medical Office Space For Rent

    This Class B medical office center is located on the Ballad Health Holston Valley Medical Center Campus. The property is situated in a well-populated area with convenient access to major highways. Ravine Center offers on-site parking and necessary amenities suitable for a medical practice. The available space is 2247 square feet.
    Location Intelligence

    Current Use by Public Records

    Franzus David H ... Internist Dr. Aaron K. ... Family Practice Physician firsthand Mental Health Service Excel Prosthetics & Orthotics Orthotics & Prosthetics Service Carilion Consolidated Lab Medical Clinic

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Similar Places Nearby

    Roark Small Animal Clinic, Kingsport Veterinary Hospital, Kingsport Veterinary Hospital: Warren Ashley DVM, Kingsport Veterinary Hospital: Dotson Thomas DVM, Mangum Carpent Rachael DVM

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.553234
    Latitude
    36.551168

    Nearby Similar for Lease

    • $800,000
      7,864 SF

      Kingsport Apartment Building For Rent

      Income-producing 8-unit apartment building near Eastman Headquarters.
      420 Wheatley St, Kingsport, TN 37660
      View Details
    • $1,750,000
      3,055 SF

      Kingsport Commercial Property For Lease

      Commercial property with warehouse and office space, available January 2026.
      1551 S Wilcox Dr, Kingsport, TN 37660
      View Details
    • $12 SF/Yr
      10,000 SF

      Versatile Warehouse with Office Space

      10,000 sqft Kingsport commercial building with office and warehouse space.
      10376 Wallace Alley St, Kingsport, TN 37663
      View Details
    • New
      $1,976 /Mo
      1,694 SF

      Medical/Mixed-Use Building For Lease

      Medical/mixed-use building in prime Kingsport location with optional warehouse space.
      1526 Bridgewater Ln, Kingsport, TN 37660
      View Details
    • New
      $3,197 /Mo
      2,740 SF

      Medical Mixed-Use Building For Lease

      Medical mixed-use building for lease in prime Kingsport, Tennessee location.
      1526 Bridgewater Ln, Kingsport, TN 37660
      View Details
    • $400 /Mo
      5,000 SF

      Remodeled Suites in Downtown Kingsport

      Newly remodeled suites for lease in a prime downtown location.
      223 East Center St, Kingsport, TN 37660
      View Details
    • $4,875 /Mo
      4,875 SF

      Downtown Kingsport Retail Space Available

      Retail space in downtown Kingsport with tenant improvement opportunities.
      449 E Market St, Kingsport, TN 37660
      View Details
    • $875 /Mo
      1,050 SF

      Downtown Kingsport Office Space Available

      Prime, updated office space in downtown Kingsport with high visibility.
      1028/1032 E Center St, Kingsport, TN 37660
      View Details
    • $1,208 /Mo
      1,250 SF

      Kingsport Retail/Office Space For Lease

      High-visibility retail or office space on W Stone Dr.
      733 W Stone Dr, Kingsport, TN 37660
      View Details
    • $1,208 /Mo
      1,250 SF

      Kingsport Retail/Office Space Available

      High-visibility retail/office space in Kingsport's busy business district.
      733 W Stone Dr, Kingsport, TN 37660
      View Details
    • $1,650 /Mo
      1,609 SF

      Kingsport Commercial Space For Rent

      Commercial space with plumbing, ideal for salons or medical offices.
      2908 Bloomingdale Rd, Kingsport, TN 37660
      View Details
    • $2,415 /Mo
      2,520 SF

      Retail/Office Space on W Stone

      High-visibility retail/office space in a busy business district.
      733 W Stone Dr, Kingsport, TN 37660
      View Details

    FAQs

    What type of property is this?
    Medical office - Class B medical office space near Ballad Health Holston Valley.
    Where is this medical office located?
    The property is located at 121 E Ravine Rd Kingsport, TN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - Located on the Ballad Health Holston Valley Medical Center Campus; - Class B, Well Maintained Medical Office Center; - On-site parking available for staff and patients
    (865) 315-8463
    Request Owner's contact information
    121 E Ravine 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.
    121 E Ravine 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
    121 E Ravine 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
    Lauren Morgan
    (865) 315-8463
    Learn more
    Google sign-in failed. Please try again or use another login method.