2000 Netherland Inn Road, Kingsport, TN 37660
COMMERCIAL - Kingsport, TN
- Added:
- Jun 29, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 30 at 4:06 am
Property Features for 2000 Netherland Inn Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- PVD
- Standard status
- Active
- APN
- 045k C 03300 000
- Size
- 10,034 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Annual Amount
- 4148
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Heat Pump
- Water source
- Public
Building Details
- Year built
- 1937
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Daniel Shew License #0225216304, 342411 (276) 274-5271
Listing office Wallace 625 S Gray Street #205, Knoxville, TN (865) 321-1111
Listing date Jun 29, 2026
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.
HighLights
- Historic brick apartment building originally constructed as Riverfront Hospital (city’s first hospital), built in 1937
- 10 residential units: eight 2‑bedroom apartments and two 1‑bedroom apartments
- Approximately eight units extensively renovated; original plumbing replaced during renovations
- New appliances in many units, with washers and dryers in select apartments
- Public water and public sewer; roof is shingle; heated/cooled by heat pump systems
- Tenants pay their own electric and water utilities
Overview
The building is sited to overlook the Holston River and Riverfront Park, providing a riverfront setting with convenient access to downtown Kingsport amenities. The property consists of approximately 0.6 acres and is offered for sale.
For tenants and operators seeking a small multifamily structure with a mix of 1- and 2-bedroom layouts, the already-completed capital improvements and unit renovations are notable. The functional utility setup also clarifies operating responsibilities, with electric and water handled by tenants.
Local Financial Insights For Apartment 5plus
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 | $134.9k | $13.44 |
| − Vacancy | −$7.4k | −$0.74 |
| EGI | $127.4k | $12.70 |
| − OpEx | −$57.3k | −$5.72 |
| NOI | $70.1k | $6.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.588932
- Latitude
- 36.550947
