Medical Office Space with 23 Parking
For Sale
Contact for pricing
216 W Ravine Rd, Kingsport, TN 37660
Fully renovated medical and professional office across from Ballad Health with ADA accessibility and a flexible exam and office layout.
Property Size1,300 SF
Price / SF$223
Days on Market116
Property Features for 216 W Ravine Rd
General Information
Standard status
Active
Size
1,300 SF
Total Parking Spaces
23
Property subtype
OFFICE
Amenities
ADA-accessible entrance and interior layout
drive-through window infrastructure
kitchenette
restroom facilities
two interior safes
modern lighting and ceiling systems
hardwood flooring
modern HVAC systems
Listing Agency:
TCI Group-Jerry Petzoldt Agency LLC
(423) 430-4215
Listed By:
Ed Mahaffey · License #355986
(423) 430-4215
Source:
Moodyscre
Added: Apr 7
Changed: Jul 31
Last Checked: Jul 31 at 5:37AM
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.
Move-in-ready, fully renovated medical and professional office at 216 W. Ravine Road, positioned directly across from Ballad Health. The flexible floor plan is purpose-built for healthcare and professional uses, supporting configurations such as exam rooms, private offices, consultation and treatment spaces, collaborative work areas, and administrative support functions.
Recent renovations and capital improvements include updated interiors with modern lighting and ceiling systems, hardwood flooring, HVAC improvements, completed masonry repairs, and a range of cosmetic and operational upgrades. The property includes ADA-accessible entry and an interior layout designed for day-to-day patient and staff movement.
On-site convenience is supported by 23 dedicated parking spaces. Additional in-building features include a kitchenette and restroom facilities, two interior safes for secure storage, and existing drive-through window infrastructure. The total space is 1,300 SF.
Recent renovations and capital improvements include updated interiors with modern lighting and ceiling systems, hardwood flooring, HVAC improvements, completed masonry repairs, and a range of cosmetic and operational upgrades. The property includes ADA-accessible entry and an interior layout designed for day-to-day patient and staff movement.
On-site convenience is supported by 23 dedicated parking spaces. Additional in-building features include a kitchenette and restroom facilities, two interior safes for secure storage, and existing drive-through window infrastructure. The total space is 1,300 SF.
Key Highlights
- 1,300 SF fully renovated medical and professional office space
- Directly across from Ballad Health
- 23 dedicated on‑site parking spaces
Financial Insights For Office B
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 | $32.4k | $24.96 |
| − Vacancy | −$7.1k | −$5.49 |
| EGI | $25.3k | $19.47 |
| − OpEx | −$6.3k | −$4.87 |
| NOI | $19.0k | $14.60 |
1,300 SF · lease $24.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$271.2K
$237.3K – $316.4K
NOI $18,982 @ 7.0% cap · market cap 6.55%
Second Best
Healthcare Medical
$214.1K
$187.4K – $249.8K
NOI $14,988 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$486.8K
$426.0K – $568.0K
NOI $34,078 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,743
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37660, TN
39,479
Population
20,405
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
65.7 sq mi
ZIP Area
601
Density / Sq Mi
$46,913
Median Household Income
$34,164
Median Earnings
$833
Median Rent
$177,800
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully renovated medical and professional office across from Ballad Health with ADA accessibility and a flexible exam and office layout.
Where is this medical office space located?
The property is located at 216 W Ravine Rd Kingsport, TN.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: 1,300 SF fully renovated medical and professional office space; Directly across from Ballad Health; 23 dedicated on‑site parking spaces
