Multi-Unit Shopping
For Sale
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2637 E Stone Dr, Kingsport, TN 37660
Eight retail units offer a multi-tenant configuration with surface parking and efficient vehicle circulation.
Property Size23,876 SF
Price / SF$217.79
Days on Market86
Property Features for 2637 E Stone Dr
General Information
Standard status
Active
Size
23,876 SF
Property subtype
RETAIL
Occupancy
90%
Additional Details
Road Access
Yes
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
eXp Commercial - TN
(888) 519-5113
Listed By:
Kamel Daouk · License #319988
(615) 429-7440
Source:
Moodyscre
Added: Jul 31
Changed: Oct 15
Last Checked: Oct 23 at 10:57AM
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 eXp Commercial - TN
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Investment Insights
Based on property information with market context.
This 23,876 SF shopping center comprises eight retail units within combined Buildings 1 and 2. The property has a 90% occupancy rate and features broad storefront glazing that brings natural light into the retail spaces. Surface parking serves both customers and employees, while the site layout provides defined ingress and egress for orderly vehicle movement.
Located at 2637 E Stone Dr in Kingsport, Tennessee, the center offers a retail-oriented configuration with multiple storefronts and on-site parking. The combination of unit count, occupied space, glazing, and practical vehicle access supports a range of retail operations within an established shopping center format.
Located at 2637 E Stone Dr in Kingsport, Tennessee, the center offers a retail-oriented configuration with multiple storefronts and on-site parking. The combination of unit count, occupied space, glazing, and practical vehicle access supports a range of retail operations within an established shopping center format.
Key Highlights
- 23,876 SF shopping center across combined Buildings 1 and 2
- Eight retail units with 90% occupancy
- Generous storefront glazing provides natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$368,899
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,377,980
$7.4M
Cap Rate 7%
$5,269,986
$5.3M
Cap Rate 9%
$4,098,878
$4.1M
Market Conditions
NOI Build-Up for 23,876 SF
Gross rent
$550.1K $23.04/SF
− Vacancy
−$23.1K −$0.97/SF
EGI
$527.0K $22.07/SF
− OpEx
−$158.1K −$6.62/SF
NOI
$368.9K $15.45/SF
Area
Sullivan County, TN
Vacancy
4.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,377,980
Cap Rate 7%
$5,269,986
Cap Rate 9%
$4,098,878
Alternative Uses
Best Use
Retail
$5.27M
$4.61M – $6.15M
NOI $368,899 @ 7.0% cap · market cap 7.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.94M
$7.82M – $10.43M
NOI $625,880 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
90%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
167
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Kingsport Pavilion Shopping Center — 2626 E Stone Dr, Kingsport, TN 37660
Frequently Asked Questions
What type of property is this?
Shopping center - Eight retail units offer a multi-tenant configuration with surface parking and efficient vehicle circulation.
Where is this shopping center located?
The property is located at 2637 E Stone Dr Kingsport, TN.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 23,876 SF shopping center across combined Buildings 1 and 2; Eight retail units with 90% occupancy; Generous storefront glazing provides natural light
