Commercial Land with Existing
New
For Sale
$450,000
140 Island Rd, Kingsport, TN 37664
Acreage with a block building and separate house offers existing space for storage, service, or other business functions.
Property Size2,142 SF
Price / SF$210.08
Days on Market6
Property Features for 140 Island Rd
General Information
Standard status
Active
Size
2,142 SF
Property subtype
Commercial
Building Details
Year Built
1945
Listing Agency:
CENTURY 21 Legacy
Listed By:
Mike Garber · License #309448
(423) 426-4942
Source:
Easttennesseelistings
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 7 at 12:39PM
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 CENTURY 21 Legacy
Investment Insights
Based on property information with market context.
This 6.59-acre commercial tract includes a block building measuring approximately 30' x 60', with about 1,800 square feet of space. The building has a 12' x 10' roll-up door and side loading bays. A separate house of approximately 1,000 square feet is also on the property; potential office, residential, or business use would be subject to zoning and approvals.
Road frontage and two potential access points connect the property to Island Road and Highway 126. Interstate 81 is less than 3 miles away. The existing improvements and access points are part of a land offering with potential for commercial or light-industrial use, subject to zoning, permitting, and applicable restrictions.
Road frontage and two potential access points connect the property to Island Road and Highway 126. Interstate 81 is less than 3 miles away. The existing improvements and access points are part of a land offering with potential for commercial or light-industrial use, subject to zoning, permitting, and applicable restrictions.
Key Highlights
- 6.59‑acre tract with frontage on Island Road and potential access from Highway 126
- Block building measures approximately 30' x 60', or 1,800± sq. ft.
- 12' x 10' roll‑up garage door and side loading bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,227
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$344,540
$344.5K
Cap Rate 7%
$246,100
$246.1K
Cap Rate 9%
$191,411
$191.4K
Market Conditions
NOI Build-Up for 2,142 SF
Gross rent
$21.3K $9.96/SF
− Vacancy
−$1.1K −$0.50/SF
EGI
$20.3K $9.46/SF
− OpEx
−$3.0K −$1.42/SF
NOI
$17.2K $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%
$344,540
Cap Rate 7%
$246,100
Cap Rate 9%
$191,411
Alternative Uses
Best Use
Warehouse
$246.1K
$215.3K – $287.1K
NOI $17,227 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$802.1K
$701.9K – $935.8K
NOI $56,150 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
54
Businesses Nearby
Explore this area
Business Placement
Demographics for 37664, TN
28,748
Population
13,914
Households
2.1
Avg Household Size
44
Median Age
34%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
848
Density / Sq Mi
$61,164
Median Household Income
$37,047
Median Earnings
$817
Median Rent
$204,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Commercial land - Acreage with a block building and separate house offers existing space for storage, service, or other business functions.
Where is this commercial land located?
The property is located at 140 Island Rd Kingsport, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 6.59‑acre tract with frontage on Island Road and potential access from Highway 126; Block building measures approximately 30' x 60', or 1,800± sq. ft.; 12' x 10' roll‑up garage door and side loading bays
