Versatile Commercial Building on 3.59
1251 Montvue Rd Kingsport, TN 37663
1251 Montvue Rd, Kingsport, TN, 37663
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For Sale
Contact for pricing
Fenced 3.59-acre property with 14,000 sq. ft. commercial building.
Property Size13,500 SF
Lot Size3.59 Acres
Price / SF$96.22
Days on Market1078
Property Features for 1251 Montvue Rd
General Information
- Standard status
- Active
- Size
- 13,500 SF
- Lot size
- 3.59 Acres
- Property subtype
- Industrial, Mixed Use, Office, Retail
Building Details
- Year Built
- 1998
Listing Agency
TCI Group – Jerry Petzoldt Agency LLC
Listed by
Chris Ramsey · License #TN 369704
Source
Crexi
Added: Aug 5, 2023 Checked: Jul 16 at 8:14 am
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 TCI Group – Jerry Petzoldt Agency LLC
Investment Insights
Based on property information with market context.
This 3.59-acre property features a 14,000 sq. ft. commercial metal building suitable for various businesses. The property is fully fenced and gated. Public water, sewer, and natural gas are available. A 60' location sign provides high visibility to traffic on Interstate 81 and Highway 36. The location is within two miles of Interstate 26 and five miles of Tri Cities Airport. The B3 zoning allows for highway-oriented establishments, public services, auto or boat sales, retail or wholesale operations, material supply, climate-controlled indoor storage, maintenance and repair services, and commercial recreation and entertainment ventures. The property is located in Kingsport, close to Johnson City (10 minutes away) and Bristol (20-minute drive). Daily traffic counts on Interstate 81 at exit 59 reach 43,000, with 24,000 on Highway 36. Interstate 26 records a daily traffic count of 32,000. The location is within the Kingsport-Bristol MSA and on the border of the Johnson City, TN MSA, providing access to a population base with over 300,000 residents and more than 125,000 households. The property can be used for warehouse space, light manufacturing facilities, or a commercial retail showroom.
Key Highlights
- High‑visibility location with a 60' sign, benefiting from 43,000 daily traffic count on I‑81 and 24,000 on Highway 36.
- Versatile 14,000 sq. ft. commercial metal building suitable for warehouse, manufacturing, or retail showroom.
- B3 zoning allows for a wide range of business types, including highway‑oriented, retail, storage, and recreation.
Local Financial Insights For Mixed Use
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 | $210.6k | $15.60 |
| − Vacancy | −$21.1k | −$1.56 |
| EGI | $189.5k | $14.04 |
| − OpEx | −$71.1k | −$5.27 |
| NOI | $118.5k | $8.77 |
13,500 SF · lease $15.60/SF/yr · vacancy 10.00% · expense 37.50%
Alternative Uses
Best Use
Retail
$2.98M
$2.61M – $3.48M
NOI $208,583 @ 7.0% cap · market cap 16.06%
Second Best
Office B
$2.82M
$2.46M – $3.29M
NOI $197,122 @ 7.0% cap · market cap 15.17%
Theoretical Best
Office A
$5.06M
$4.42M – $5.90M
NOI $353,886 @ 7.0% cap · market cap 27.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Mixed-use property - Fenced 3.59-acre property with 14,000 sq. ft. commercial building.
Where is this mixed-use property located?
The property is located at 1251 Montvue Rd Kingsport, TN.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: High‑visibility location with a 60' sign, benefiting from 43,000 daily traffic count on I‑81 and 24,000 on Highway 36.; Versatile 14,000 sq. ft. commercial metal building suitable for warehouse, manufacturing, or retail showroom.; B3 zoning allows for a wide range of business types, including highway‑oriented, retail, storage, and recreation.
