Renovated Stand-Alone Office
For Sale
$279,900
216 W Ravine Road, Kingsport, TN 37660
COMMERCIAL - Kingsport, TN
Property Size1,300 SF
Lot Size0.50 Acres
Price / SF$215.31
Days on Market130
Property Features for 216 W Ravine Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
P1/R2
Parking
23
Directions
From Stone Dr. take Clinchfield St. and turn left on Holston Valley Dr.. Go right on W Ravine to property on right.
Subdivision
412 - Highland, Fairacres, Preston For
Standard status
Active
APN
046h N 020.00
Size
1,300 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
857
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air
Water source
Public
Amenities
Updated lighting and ceiling systems
Modern HVAC systems
Hardwood flooring
ADA-accessible entrance and interior layout
Kitchenette
Restroom facilities
Drive-through window infrastructure
Interior safes
Building Details
Year built
1992
Building materials
Brick
Roof type
Shingle
Listing Agency:
TCI Group - Jerry Petzoldt Agency, LLC
(423) 230-0255
Listed By:
Ed Mahaffey · License #355986
(423) 430-4215
Added: Apr 6
Changed: Aug 11
Last Checked: Aug 13 at 8:06AM
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.
Investment Insights
Based on property information with market context.
This approximately 1,300-square-foot office building occupies approximately 0.5 acre and was built in 1992. The renovated interior includes updated lighting and ceiling systems, hardwood flooring, HVAC improvements, a kitchenette, restroom facilities, an ADA-accessible entrance, and a drive-through window infrastructure. Two interior safes provide secure storage, while brick construction and a shingle roof complete the improvements.
The property includes 23 dedicated on-site parking spaces and is directly across from Holston Valley Medical Center. It is also positioned near downtown Kingsport and surrounding business districts, with public water and public sewer service. P1/R2 zoning and the flexible stand-alone layout support professional office use, subject to applicable requirements.
The property includes 23 dedicated on-site parking spaces and is directly across from Holston Valley Medical Center. It is also positioned near downtown Kingsport and surrounding business districts, with public water and public sewer service. P1/R2 zoning and the flexible stand-alone layout support professional office use, subject to applicable requirements.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,982
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.78%
Second Best
Healthcare Medical
$214.1K
$187.4K – $249.8K
NOI $14,988 @ 7.0% cap · market cap 5.35%
Theoretical Best
Office A
$486.8K
$426.0K – $568.0K
NOI $34,078 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,743
Businesses Nearby
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Renovated professional space with dedicated on-site parking and a flexible interior layout.
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 $279,900.
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
