Industrial Warehouse and Office
2640 W Stone Dr Kingsport, TN 37660
For Sale
Contact for pricing
New construction steel-frame warehouse with a two-level office and fully fenced, well-lit exterior on direct entry from W. Stone Drive.
Property Size13,295 SF
Lot Size10.00 Acres
Price / SF$209.85
Days on Market146
Property Features for 2640 W Stone Dr
General Information
Standard status
Active
Size
13,295 SF
Lot size
10.00 Acres
Property subtype
Industrial
Listing Agency:
TCI Group – Jerry Petzoldt Agency LLC
Listed By:
Edward Mahaffey · License #TN 355986
Source:
Crexi
Added: Mar 4
Changed: Jul 23
Last Checked: Jul 26 at 12:03PM
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.
New construction industrial warehouse and office facility featuring a steel-frame structure with standing seam metal roof and siding. The building includes a two-level office totaling 4,498 SF, alongside an 8,797 SF warehouse/shop level. The exterior is fully fenced and well-lit, and the site provides easy tractor-trailer access with direct entry approved from W. Stone Drive if needed.
The warehouse is built for heavy-duty use with 6-inch reinforced concrete floors, 28' center height and 20' eave height, and five (5) 14' x 14' drive-through roll-up doors. Three-phase power is included. The office layout provides eight (8) large private offices, a reception area with dedicated lobby/vestibule, four (4) restrooms with shower facilities, washer and dryer hookup, and a large kitchen/break area, along with handicap-accessible personnel doors and restrooms. The upper level includes separate interior stair access plus a dedicated steel stairway from the warehouse.
The property is offered with 10 acres, zoned B3 - Highway Business District. The seller indicates additional land is available up to 68 acres and will assist with rezoning if needed.
The warehouse is built for heavy-duty use with 6-inch reinforced concrete floors, 28' center height and 20' eave height, and five (5) 14' x 14' drive-through roll-up doors. Three-phase power is included. The office layout provides eight (8) large private offices, a reception area with dedicated lobby/vestibule, four (4) restrooms with shower facilities, washer and dryer hookup, and a large kitchen/break area, along with handicap-accessible personnel doors and restrooms. The upper level includes separate interior stair access plus a dedicated steel stairway from the warehouse.
The property is offered with 10 acres, zoned B3 - Highway Business District. The seller indicates additional land is available up to 68 acres and will assist with rezoning if needed.
Key Highlights
- New construction steel‑frame industrial warehouse/office on West Stone Drive in Kingsport, adjacent to Walmart and Tractor Supply
- Total building size 13,295 SF: 4,498 SF two‑level office and 8,797 SF warehouse/shop
- Warehouse built for heavy‑duty use with 6" reinforced concrete floors, 28' center height / 20' eave height, and 3‑phase power
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 | $331.8k | $24.96 |
| − Vacancy | −$73.0k | −$5.49 |
| EGI | $258.8k | $19.47 |
| − OpEx | −$64.7k | −$4.87 |
| NOI | $194.1k | $14.60 |
13,295 SF · lease $24.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.77M
$2.43M – $3.24M
NOI $194,128 @ 7.0% cap · market cap 6.96%
Second Best
Warehouse
$1.53M
$1.34M – $1.78M
NOI $106,928 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$4.98M
$4.36M – $5.81M
NOI $348,512 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Giuseppe's — 2539 E Stone Dr, Kingsport, TN 37660
Frequently Asked Questions
What type of property is this?
Flex space - New construction steel-frame warehouse with a two-level office and fully fenced, well-lit exterior on direct entry from W. Stone Drive.
Where is this flex space located?
The property is located at 2640 W Stone Dr Kingsport, TN.
What is the asking price?
The asking price for this property is $2,790,000.
What are key features of this property?
This property features: New construction steel‑frame industrial warehouse/office on West Stone Drive in Kingsport, adjacent to Walmart and Tractor Supply; Total building size 13,295 SF: 4,498 SF two‑level office and 8,797 SF warehouse/shop; Warehouse built for heavy‑duty use with 6" reinforced concrete floors, 28' center height / 20' eave height, and 3‑phase power
