Former Bank Building with Drive-Thru
For Sale
$299,000
3269 Highway 126, Blountville, TN 37617
COMMERCIAL - Blountville, TN
Property Size2,227 SF
Lot Size0.82 Acres
Price / SF$134.26
Days on Market140
Property Features for 3269 Highway 126
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B 4
Parking
11
Subdivision
Not In Subdivision
Directions
From Bristol Take US-421 S for 8 miles, then continue onto TN-126 W / Highway 126 for 3 miles. The property is on the right at 3269 Highway 126
Standard status
Active
APN
051p A 009.00
Size
2,227 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Annual Amount
1786
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Heat Pump
Building Details
Year built
1975
Building materials
Stone
Roof type
Shingle
Listing Agency:
Greater Impact Realty Kingsport
(423) 530-7185
Listed By:
Debbie Peters · License #375427
(423) 239-6650
Added: Mar 27
Changed: Aug 4
Last Checked: Aug 13 at 2:06AM
MLS# 9992962
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.
Former bank building offering dual road access with practical, adaptable space for office or other B-4 commercial uses. The one-and-a-half-story structure totals 2,227 sq ft and is built with stone exterior materials and a shingle roof. It features central electric heating with heat pump cooling, and includes public water and electricity with an individual sewer.
The property sits on 0.82 acres with approximately 7,500 sq ft of asphalt paving for parking. Visibility and access are available directly on busy Highway 126, with additional access from the Blountville Bypass. A drive-thru window remains from the prior bank use, supporting service-oriented layouts.
Zoned B-4, the building’s existing improvements and configuration can support a range of professional office and commercial service applications where accessible, road-front presence matters.
The property sits on 0.82 acres with approximately 7,500 sq ft of asphalt paving for parking. Visibility and access are available directly on busy Highway 126, with additional access from the Blountville Bypass. A drive-thru window remains from the prior bank use, supporting service-oriented layouts.
Zoned B-4, the building’s existing improvements and configuration can support a range of professional office and commercial service applications where accessible, road-front presence matters.
Key Highlights
- 2,227 sq ft former bank building with stone construction and shingle roof
- Drive‑thru window from prior bank use
- Zoned B‑4 for a range of commercial applications
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
$23,551
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
7.88%
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%
$471,020
$471.0K
Cap Rate 7%
$336,443
$336.4K
Cap Rate 9%
$261,678
$261.7K
Market Conditions
NOI Build-Up for 2,227 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
$33.4K $15.00/SF
− Vacancy
−$2.0K −$0.90/SF
EGI
$31.4K $14.10/SF
− OpEx
−$7.9K −$3.53/SF
NOI
$23.6K $10.58/SF
Area
Sullivan County, TN
Vacancy
6.00%
Lease Rate
$15.00 /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%
$471,020
Cap Rate 7%
$336,443
Cap Rate 9%
$261,678
Alternative Uses
Best Use
Retail
$491.6K
$430.1K – $573.5K
NOI $34,409 @ 7.0% cap · market cap 11.51%
Second Best
Office B
$464.5K
$406.5K – $542.0K
NOI $32,518 @ 7.0% cap · market cap 10.88%
Theoretical Best
Office A
$834.0K
$729.7K – $973.0K
NOI $58,378 @ 7.0% cap · market cap 19.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
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
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?
Bank - One-and-a-half-story former bank building zoned B-4 with a drive-thru window and dual road access on Highway 126.
Where is this bank located?
The property is located at 3269 Highway 126 Blountville, TN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,227 sq ft former bank building with stone construction and shingle roof; Drive‑thru window from prior bank use; Zoned B‑4 for a range of commercial applications
