Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    East Tennessee NNN Investment Opportunity Title is generated by Realmo AI

    1651 E Stone Dr, Kingsport, TN 37660

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Corporate-backed absolute NNN property in prominent East Tennessee location.

    Type:Retail
    Property size:
    2,653 SF
    Price / SF:
    $1,100/SF
    Added:
    Mar 4, 2026
    Days on Market:
    69
    Last Refresh:
    Mar 16 at 2:17 pm

    Property Features for 1651 E Stone Dr

    General Information

    Standard status
    Active
    Size
    2,653 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2014

    We can help!

    Listing Contact
    Tanner Sanford

    Listing agent Tanner Sanford License #TN 370826

    Listing office Matthews

    Listing date Mar 4, 2026

    Source Crexi

    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 Matthews

    HighLights

    • Prominent East TN Location
    • Excellent 6.23% CAP Rate
    • Corporate Tenant in place
    • Absolute NNN Lease
    • Built in 2014
    • New Construction

    Overview

    This commercial real estate property, situated in a prominent East Tennessee location, offers a corporate-backed absolute NNN lease structure. The property has a size of 2,653 square feet and operates with a capitalization rate of 6.23%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Krispy Kreme Bakery

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.519818
    Latitude
    36.547155

    Nearby Similar for Sale

    • $375,000
      5,000 SF

      Kingsport Warehouse on High-Traffic Corridor

      5,000 SF warehouse with income and long-term upside.
      3377 E Stone Drive, Kingsport, TN 37660
      View Details
    • $995,000
      4,000 SF

      Versatile Commercial Building in Kingsport

      4,000 sqft commercial building on almost an acre.
      3930 E Stone Drive, Kingsport, TN 37660
      View Details
    • $315,000
      1,300 SF

      Renovated Commercial Property in Kingsport

      Move-in-ready commercial space in high-demand healthcare corridor.
      216 W Ravine Road, Kingsport, TN 37660
      View Details
    • $419,000
      4,121 SF

      Kingsport Retail/Commercial Opportunity For Sale

      Versatile commercial space with high visibility and flexible owner financing.
      3504 Fort Henry Drive, Kingsport, TN 37664
      View Details
    • $1,750,000
      8,000 SF

      Versatile Kingsport Industrial Property

      Industrial property with two buildings totaling 8,000 square feet.
      401 Tilthammer Drive, Kingsport, TN 37663
      View Details
    • $2,790,000
      4,498 SF

      New Construction Industrial Warehouse/Office Facility

      New construction industrial warehouse and office facility on 10 acres.
      2640 Stone W Drive, Kingsport, TN 37660
      View Details
    • $425,000
      4,045 SF

      Kingsport Multifamily Investment Opportunity

      Seven-unit property with development potential and immediate rental income.
      4006 Memorial Boulevard, Kingsport, TN 37664
      View Details
    • $575,000
      3,393 SF

      Kingsport Medical Office Space Available

      First-floor medical office space in a prime Kingsport location.
      444 Clinchfield Street unit: 102, Kingsport, TN 37660
      View Details
    • $450,000
      4,430 SF

      Versatile Commercial Property in Kingsport

      Mixed-use property with income potential in downtown Kingsport.
      427 & 431 E Sullivan Street, Kingsport, TN 37660
      View Details
    • $499,000
      7,912 SF

      Kingsport Commercial Property For Sale

      Commercial property in bustling Fort Henry Drive retail and industrial hub.
      2303 Fort Henry Dr, Kingsport, TN 37664
      View Details
    • $1,265,000
      8,760 SF

      High Visibility Kingsport Commercial Property

      Mixed-use investment or owner-operator opportunity in a busy business district.
      733 W Stone Drive, Kingsport, TN 37660
      View Details
    • $239,000
      4,582 SF

      Downtown Kingsport Commercial Space

      Cleared commercial space in downtown Kingsport, ready for new business.
      104 W Main Street, Kingsport, TN 37660
      View Details

    FAQs

    What type of property is this?
    NNN property - Corporate-backed absolute NNN property in prominent East Tennessee location.
    Where is this nnn property located?
    The property is located at 1651 E Stone Dr Kingsport, TN.
    What is the asking price?
    The asking price for this property is $2,920,000.
    What are key features of this property?
    This property features: Prominent East TN Location; Excellent 6.23% CAP Rate; Corporate Tenant in place
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Tanner Sanford
    Real Estate License ID: TN 370826
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1651 E Stone Dr, Kingsport, TN 37660
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!