Fenced Industrial and Commercial
For Sale
$1,650,000
1245/1251 Montvue Road, Kingsport, TN 37663
COMMERCIAL - Kingsport, TN
Property Size12,500 SF
Lot Size6.19 Acres
Price / SF$132
Days on Market104
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
Active
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
Listing Agency:
TCI Group - Jerry Petzoldt Agency, LLC
(423) 230-0255
Listed By:
Ed Mahaffey · License #355986
(423) 430-4215
Added: Apr 19
Changed: Jul 28
Last Checked: Jul 31 at 9:06PM
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.
Investment Insights
Based on property information with market context.
The property consists of two commercial metal buildings on a fully fenced and gated 6.19-acre site. One building is described as a 13,500 sq. ft. commercial metal structure, and the second building is described as 3,500 sq. ft., totaling 15,000 sq. ft. The buildings are described as intended to be utilized together. A 60-foot location sign is also noted for advertising visibility.
The site is located in Kingsport and is described as high visibility from exit 59 on Interstate 81, with adjacent Highway 36 also referenced for traffic exposure. The offering further notes proximity to Interstate 26 and the Tri Cities airport.
Zoned B-3, the listing states flexibility to establish a range of business uses, including multiple retail and commercial service options, offices, and light industrial-type activities.
The site is located in Kingsport and is described as high visibility from exit 59 on Interstate 81, with adjacent Highway 36 also referenced for traffic exposure. The offering further notes proximity to Interstate 26 and the Tri Cities airport.
Zoned B-3, the listing states flexibility to establish a range of business uses, including multiple retail and commercial service options, offices, and light industrial-type activities.
Key Highlights
- High visibility location directly off Interstate 81 (Exit 59) with 49,000 daily traffic count and adjacent to Highway 36 with 24,000 daily traffic count.
- Versatile property with two buildings: a 13,500 sq. ft. commercial metal building and a 3,500 sq. ft. building.
- B3 zoning allows for a wide range of approved businesses (including retail, service, and light industrial).
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $124.5k | $9.96 |
| − Vacancy | −$6.2k | −$0.50 |
| EGI | $118.3k | $9.46 |
| − OpEx | −$17.7k | −$1.42 |
| NOI | $100.5k | $8.04 |
12,500 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$2.76M
$2.41M – $3.22M
NOI $193,133 @ 7.0% cap · market cap 11.71%
Second Best
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,534 @ 7.0% cap · market cap 6.09%
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.
Property Analytics
Property Profile
Current Use
Lease Details
49,000 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Two buildings totaling 15,000 sq. ft. on a fully fenced and gated 6.19-acre site, with B-3 zoning.
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: High visibility location directly off Interstate 81 (Exit 59) with 49,000 daily traffic count and adjacent to Highway 36 with 24,000 daily traffic count.; Versatile property with **two buildings**: a 13,500 sq. ft. commercial metal building and a 3,500 sq. ft. building.; B3 zoning allows for a wide range of approved businesses (including retail, service, and light industrial).
