B4-Zoned Storefront
For Sale
$299,900
3033 Highway 126, Blountville, TN 37617
Existing flooring-store operation with a commercial layout and access to the Tri-Cities region.
Property Size1,505 SF
Price / SF$199.27
Days on Market109
Property Features for 3033 Highway 126
General Information
Standard status
Active
Size
1,505 SF
Listing Agency:
The Addington Agency Bristol
(423) 646-1060
Listed By:
Garrett Addington · License #TN:337697
(423) 646-1060
Source:
Exprealty
Added: May 15
Changed: Aug 30
Last Checked: Aug 31 at 7:51PM
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 The Addington Agency Bristol
Investment Insights
Based on property information with market context.
This storefront property is currently operating as a flooring store and is located at 3033 Highway 126 in Blountville, Tennessee. The building carries B4 zoning and is presented as a flexible commercial asset with an existing retail-oriented configuration.
The property is positioned near Highway 126 and provides access throughout Johnson City, Kingsport, Bristol, and the surrounding Tri-Cities region. Established businesses are identified in the surrounding area, supporting its existing commercial setting.
The property is positioned near Highway 126 and provides access throughout Johnson City, Kingsport, Bristol, and the surrounding Tri-Cities region. Established businesses are identified in the surrounding area, supporting its existing commercial setting.
Key Highlights
- B4 zoning supports the property’s commercial classification
- Currently operating as a flooring store
- Located at 3033 Highway 126 in Blountville, Tennessee
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
$23,253
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
7.75%
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%
$465,060
$465.1K
Cap Rate 7%
$332,186
$332.2K
Cap Rate 9%
$258,367
$258.4K
Market Conditions
NOI Build-Up for 1,505 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
$34.7K $23.04/SF
− Vacancy
−$1.5K −$0.97/SF
EGI
$33.2K $22.07/SF
− OpEx
−$10.0K −$6.62/SF
NOI
$23.3K $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 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%
$465,060
Cap Rate 7%
$332,186
Cap Rate 9%
$258,367
Alternative Uses
Best Use
Retail
$332.2K
$290.7K – $387.6K
NOI $23,253 @ 7.0% cap · market cap 7.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$563.6K
$493.2K – $657.5K
NOI $39,452 @ 7.0% cap · market cap 13.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
21k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Burger King
Dining
13,411 visits/mo
0.5 miles
Los Jalapenos
Dining
7,306 visits/mo
0.1 miles
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
Market
Vacancy Rate% for Retail 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?
Storefront property - Existing flooring-store operation with a commercial layout and access to the Tri-Cities region.
Where is this storefront property located?
The property is located at 3033 Highway 126 Blountville, TN.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: B4 zoning supports the property’s commercial classification; Currently operating as a flooring store; Located at 3033 Highway 126 in Blountville, Tennessee
