Single-Level Flex
249 Neal Drive, Blountville, TN 37617
For Sale
Contact for pricing
Commercial Sale, Blountville, TN
Property Size6,700 SF
Lot Size0.62 Acres
Price / SF$0.00
Days on Market180
Property Features for 249 Neal Drive
General Information
Property type
Property subtype
Zoning
Parking
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
Conference rooms
Kitchenette
Building Details
Year built
Building materials
Roof type
Buildings
Listing Agency:
The Addington Agency Bristol
(423) 845-5800
Listed By:
Garrett Addington · License TN #337697
(423) 646-1060
Added: May 15
Changed: Nov 4
Last Checked: Nov 10 at 5:06PM
MLS# 9995442
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,756-square-foot flex building combines private offices, conference rooms, classroom areas, and warehouse space on one level. A roll-up door serves the warehouse area, while multiple exterior entrances provide access to the building. One conference room has a kitchenette, and the property includes four bathrooms. The layout could be configured as 2–4 separate units. Built in 1981, the building has block and stucco construction, public water and sewer, and a 0.62-acre lot.
The property is just off Exit 69 on I-81, providing interstate access in the Tri-Cities region. Roof replacement took place within the last 8 years, and HVAC systems were updated within the last 5 years.
The property is just off Exit 69 on I-81, providing interstate access in the Tri-Cities region. Roof replacement took place within the last 8 years, and HVAC systems were updated within the last 5 years.
Key Highlights
- 6,756 square feet of office, conference, classroom, and warehouse space
- 0.62‑acre lot; built in 1981
- Warehouse area has roll‑up door access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,748
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,960
$895.0K
Cap Rate 7%
$639,257
$639.3K
Cap Rate 9%
$497,200
$497.2K
Market Conditions
NOI Build-Up for 6,756 SF
Gross rent
$67.3K $9.96/SF
− Vacancy
−$3.4K −$0.50/SF
EGI
$63.9K $9.46/SF
− OpEx
−$19.2K −$2.84/SF
NOI
$44.7K $6.62/SF
Area
Sullivan County, TN
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,960
Cap Rate 7%
$639,257
Cap Rate 9%
$497,200
Alternative Uses
Best Use
Warehouse
$776.2K
$679.2K – $905.6K
NOI $54,336 @ 7.0% cap
Second Best
Flex RnD
$700.1K
$612.6K – $816.8K
NOI $49,008 @ 7.0% cap
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,100 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37617, TN
14,422
Population
6,188
Households
2.3
Avg Household Size
47
Median Age
25%
College-Educated
87%
High-School Grad
58.4 sq mi
ZIP Area
247
Density / Sq Mi
$65,069
Median Household Income
$36,906
Median Earnings
$841
Median Rent
$225,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Sullivan County, TN
Properties on Market for Flex space in Sullivan County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office, training, and warehouse areas share one level, with separate exterior entrances supporting flexible occupancy.
Where is this flex space located?
The property is located at 249 Neal Drive Blountville, TN.
What are key features of this property?
This property features: 6,756 square feet of office, conference, classroom, and warehouse space; 0.62‑acre lot; built in 1981; Warehouse area has roll‑up door access
