Assisted Living Facility
1300 Bloomingdale Pike Kingsport, TN 37660
1300 Bloomingdale Pike, Kingsport, TN, 37660
Contact for pricing
For Sale
Contact for pricing
Pending
Adaptive reuse senior housing facility with 30–35 rooms, offices, conference space, and a large commercial kitchen on 30+ acres.
Property Size26,000 SF
Days on Market303
Property Features for 1300 Bloomingdale Pike
General Information
- Standard status
- Pending
- Size
- 26,000 SF
- Property subtype
- Multifamily, Senior Living
Building Details
- Year Built
- 1994
Listing agency
Blue Ridge Properties
(423) 534-6355
Listed by
John Moody · License #TN 284676
Source
Crexi
Added: Sep 23, 2025 Updated: Jul 21 at 4:47AM Checked: Jul 21 at 4:47AM
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 Blue Ridge Properties
Investment Insights
Based on property information with market context.
Former assisted living facility for sale on 30+ acres in Kingsport, TN, offering a 26,000+ sf adaptive reuse building. The property includes approximately 30–35 rooms/apartments, conference and office spaces, and a large commercial kitchen. Utilities are connected to public water and sewer.
The grounds include three existing patio homes, with additional space for further individual home construction. The site is described as a blank slate suitable for repurposing based on the buyer’s needs.
The property is positioned for a range of institutional and mixed-use concepts referenced in the offering, including child care, medical, nursing home, religious organization, senior (55+) housing, and transitional housing with veteran services. With the additional acreage, the remarks also note the possibility of multi-phase development to expand the site’s residential and housing capacity.
The grounds include three existing patio homes, with additional space for further individual home construction. The site is described as a blank slate suitable for repurposing based on the buyer’s needs.
The property is positioned for a range of institutional and mixed-use concepts referenced in the offering, including child care, medical, nursing home, religious organization, senior (55+) housing, and transitional housing with veteran services. With the additional acreage, the remarks also note the possibility of multi-phase development to expand the site’s residential and housing capacity.
Key Highlights
- 1994‑built 26,000+ SF adaptive reuse facility formerly used as an assisted living facility
- 30‑35 rooms/apartments plus conference and office spaces
- Large commercial kitchen and connected to public water and sewer
Local Financial Insights For Healthcare Medical
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 | $546.0k | $21.00 |
| − Vacancy | −$46.4k | −$1.79 |
| EGI | $499.6k | $19.22 |
| − OpEx | −$199.8k | −$7.69 |
| NOI | $299.8k | $11.53 |
26,000 SF · lease $21.00/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$4.28M
$3.75M – $5.00M
NOI $299,754 @ 7.0% cap · market cap 9.08%
Second Best
Apartment 5plus
$2.59M
$2.27M – $3.03M
NOI $181,621 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$9.74M
$8.52M – $11.36M
NOI $681,558 @ 7.0% cap · market cap 20.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Steadman Hill Assisted ...
Nursing Home
Similar For Sale Nearby
Similar Off Market Nearby
- Steadman Hill Assisted Living — 1300 Bloomingdale Pike, Kingsport, TN 37660
FAQs
What type of property is this?
Assisted living facility - Adaptive reuse senior housing facility with 30–35 rooms, offices, conference space, and a large commercial kitchen on 30+ acres.
Where is this assisted living facility located?
The property is located at 1300 Bloomingdale Pike Kingsport, TN.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: 1994‑built 26,000+ SF adaptive reuse facility formerly used as an assisted living facility; 30‑35 rooms/apartments plus conference and office spaces; Large commercial kitchen and connected to public water and sewer
