4,800 SF Retail
For Sale
Contact for pricing
1242 West Shipley Ferry Road, Kingsport, TN 37663
Retail space offered for sale along W Shipley Ferry Road in Kingsport.
Property Size8,800 SF
Price / SF$362.50
Days on Market193
Property Features for 1242 West Shipley Ferry Road
General Information
Standard status
Active
Size
8,800 SF
Class
B
Property subtype
Office
Zoning
B-3
Building Details
Year Built
2021
Buildings
1
Units
45
Listing Agency:
Mitch Cox Realtor, Inc.
Listed By:
Shannon K. Castillo · License #328830
(423) 943-0530
Source:
Crexi
Added: Apr 10
Changed: Oct 10
Last Checked: Oct 19 at 4:17AM
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 Mitch Cox Realtor, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,800-square-foot retail space is offered for sale at 1242 W Shipley Ferry Road in Kingsport, Tennessee. The property is identified as a retail asset within a commercial real estate offering.
Key Highlights
- 4,800 SF retail space
- For‑sale retail property
- Located at 1242 W Shipley Ferry Rd
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,965
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,719,300
$2.7M
Cap Rate 7%
$1,942,357
$1.9M
Cap Rate 9%
$1,510,722
$1.5M
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$202.8K $23.04/SF
− Vacancy
−$8.5K −$0.97/SF
EGI
$194.2K $22.07/SF
− OpEx
−$58.3K −$6.62/SF
NOI
$136.0K $15.45/SF
Area
Sullivan County, TN
Vacancy
4.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,719,300
Cap Rate 7%
$1,942,357
Cap Rate 9%
$1,510,722
Alternative Uses
Best Use
Retail
$1.94M
$1.70M – $2.27M
NOI $135,965 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.30M
$2.88M – $3.84M
NOI $230,681 @ 7.0% cap · market cap 7.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
189
Businesses Nearby
16k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Hotels & Casinos 11%
Shops & Services 8%
Perkins Restaurant & Bakery
Dining
12,831 visits/mo
0.3 miles
Comfort Inn South
Hotels & Casinos
1,198 visits/mo
0.3 miles
Take 5 Oil Change
Shops & Services
1,058 visits/mo
0.3 miles
Super 8 Kingsport /I-81
Hotels & Casinos
478 visits/mo
0.1 miles
Marathon Petroleum
Shops & Services
206 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space offered for sale along W Shipley Ferry Road in Kingsport.
Where is this retail space located?
The property is located at 1242 West Shipley Ferry Road Kingsport, TN.
What is the asking price?
The asking price for this property is $3,190,000.
What are key features of this property?
This property features: 4,800 SF retail space; For‑sale retail property; Located at 1242 W Shipley Ferry Rd
