Fenced-Gated Flex Space
For Sale
$1,650,000
Pending
1245/1251 Montvue Road, Kingsport, TN 37663
Commercial Sale, Kingsport, TN
Property Size12,500 SF
Lot Size6.19 Acres
Days on Market196
Property Features for 1245/1251 Montvue Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B 3
Parking
120
Subdivision
Not In Subdivision
Directions
From I-81 at Exit 59, take Highway 36 toward Johnson City. Just off the exit turn right onto W Shipley Ferry Rd. for.01/10 mile. Turn left onto Montvue. Stay straight to top of hill and enter gated area. Gate to 1245 Montvue is on the left and 1251 is on the right.
Standard status
Pending
APN
106c C 001.01
Size
12,500 SF
Lot size
6.19 Acres
Taxes and HOA fees
Tax Annual Amount
4081
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Natural Gas
Cooling system
Central Air, Heat Pump
Water source
Public
Building Details
Year built
1998
Building materials
Metal Siding
Roof type
Metal
Buildings
2
Listing Agency:
TCI Group - Jerry Petzoldt Agency, LLC
(423) 230-0255
Listed By:
Ed Mahaffey · License #355986
(423) 430-4215
Added: Apr 19
Changed: Oct 25
Last Checked: Oct 31 at 12:06AM
MLS# 9994130
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.
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Investment Insights
Based on property information with market context.
This flex space property occupies 6.19 acres and includes two metal buildings designed for coordinated use. The site is fully fenced and gated, with metal siding, metal roofing, heat-pump heating and cooling, natural gas, public water, and public sewer. Built in 1998, the property can support warehouse, light manufacturing, and commercial showroom functions identified for the site.
The Kingsport location is within two miles of Interstate 26 and is visible from Interstate 81 Exit 59 and adjacent Highway 36. Reported daily traffic counts are 49,000 on Interstate 81 at Exit 59, 24,000 on Highway 36, and 32,000 on Interstate 26. Tri-Cities Airport is 5 miles away, while Johnson City is approximately 10 minutes away and Bristol approximately 20 minutes away.
B3 zoning supports a broad range of commercial uses, including equipment sales and rentals, offices, restaurants, storage facilities, automobile services, retail operations, and research and development.
The Kingsport location is within two miles of Interstate 26 and is visible from Interstate 81 Exit 59 and adjacent Highway 36. Reported daily traffic counts are 49,000 on Interstate 81 at Exit 59, 24,000 on Highway 36, and 32,000 on Interstate 26. Tri-Cities Airport is 5 miles away, while Johnson City is approximately 10 minutes away and Bristol approximately 20 minutes away.
B3 zoning supports a broad range of commercial uses, including equipment sales and rentals, offices, restaurants, storage facilities, automobile services, retail operations, and research and development.
Key Highlights
- 6.19‑acre fully fenced and gated commercial property
- Two buildings configured for coordinated use
- B3 zoning supports a broad range of commercial uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,534
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,010,680
$2.0M
Cap Rate 7%
$1,436,200
$1.4M
Cap Rate 9%
$1,117,044
$1.1M
Market Conditions
NOI Build-Up for 12,500 SF
Gross rent
$124.5K $9.96/SF
− Vacancy
−$6.2K −$0.50/SF
EGI
$118.3K $9.46/SF
− OpEx
−$17.7K −$1.42/SF
NOI
$100.5K $8.04/SF
Area
Sullivan County, TN
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,010,680
Cap Rate 7%
$1,436,200
Cap Rate 9%
$1,117,044
Alternative Uses
Best Use
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,534 @ 7.0% cap · market cap 6.09%
Second Best
Flex RnD
$1.30M
$1.13M – $1.51M
NOI $90,675 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$4.68M
$4.10M – $5.46M
NOI $327,672 @ 7.0% cap · market cap 19.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - B3-zoned commercial site combines two metal buildings with public utilities and access to regional transportation corridors.
Where is this flex space located?
The property is located at 1245/1251 Montvue Road Kingsport, TN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: 6.19‑acre fully fenced and gated commercial property; Two buildings configured for coordinated use; B3 zoning supports a broad range of commercial uses
