Renovated Stand-Alone Office
216 W Ravine Road, Kingsport, TN 37660
For Sale
$265,000
Commercial Sale, Kingsport, TN
Property Size1,300 SF
Lot Size0.50 Acres
Price / SF$203.85
Days on Market223
Property Features for 216 W Ravine Road
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Annual Amount
Utilities
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
ADA-accessible entrance
ADA-accessible interior layout
kitchenette
restroom facilities
drive-through window infrastructure
interior safes
Building Details
Year built
Building materials
Roof type
Buildings
Listing Agency:
TCI Group - Jerry Petzoldt Agency, LLC
(423) 230-0255
Listed By:
Ed Mahaffey · License TN #355986
(423) 430-4215
Added: Apr 6
Changed: Oct 25
Last Checked: Nov 14 at 3:06AM
MLS# 9993440
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.
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Investment Insights
Based on property information with market context.
This renovated stand-alone office building provides approximately 1,300 square feet on approximately 0.5 acre. The brick property includes a flexible interior arrangement, kitchenette, restroom facilities, hardwood flooring, updated lighting and ceiling systems, HVAC improvements, and two interior safes. An existing drive-through window infrastructure and ADA-accessible entrance add to the building’s functional configuration. Public water and public sewer serve the property, with central air and electric heat pump systems in place.
The property is located at 216 W. Ravine Road in Kingsport, directly across from Holston Valley Medical Center and near downtown Kingsport. On-site parking includes 23 dedicated spaces. The property is zoned P1/R2 and was built in 1992, with masonry repairs and additional interior, cosmetic, and operational improvements completed.
The property is located at 216 W. Ravine Road in Kingsport, directly across from Holston Valley Medical Center and near downtown Kingsport. On-site parking includes 23 dedicated spaces. The property is zoned P1/R2 and was built in 1992, with masonry repairs and additional interior, cosmetic, and operational improvements completed.
Key Highlights
- Approximately 1,300 SF office building on approximately 0.5 acre
- 23 dedicated on‑site parking spaces
- Directly across from Holston Valley Medical Center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,982
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,640
$379.6K
Cap Rate 7%
$271,171
$271.2K
Cap Rate 9%
$210,911
$210.9K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$32.4K $24.96/SF
− Vacancy
−$7.1K −$5.49/SF
EGI
$25.3K $19.47/SF
− OpEx
−$6.3K −$4.87/SF
NOI
$19.0K $14.60/SF
Area
Sullivan County, TN
Vacancy
22.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$379,640
Cap Rate 7%
$271,171
Cap Rate 9%
$210,911
Alternative Uses
Best Use
Office B
$271.2K
$237.3K – $316.4K
NOI $18,982 @ 7.0% cap · market cap 7.16%
Second Best
Healthcare Medical
$214.1K
$187.4K – $249.8K
NOI $14,988 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office A
$486.8K
$426.0K – $568.0K
NOI $34,078 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,809
Businesses Nearby
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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
$177,800
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Sullivan County, TN
Properties on Market for Office buildings in Sullivan County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Brick office property with dedicated parking, flexible interior space, and an accessible entrance.
Where is this office building located?
The property is located at 216 W Ravine Road Kingsport, TN.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Approximately 1,300 SF office building on approximately 0.5 acre; 23 dedicated on‑site parking spaces; Directly across from Holston Valley Medical Center
