Former Bank Building with
For Sale
$299,000
Pending
3269 Highway 126, Blountville, TN 37617
One-and-a-half-story former bank building with dual road access, ample paved parking, and a drive-through window.
Property Size2,227 SF
Lot Size0.82 Acres
Days on Market166
Property Features for 3269 Highway 126
General Information
Standard status
Pending
Size
2,227 SF
Lot size
0.82 Acres
Zoning
B-4
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
drive-thru window
Building Details
Year Built
1975
Stories
1
Listing Agency:
Greater Impact Realty Kingsport
(423) 530-7185
Listed By:
Debbie Peters · License #375427
(423) 239-6650
Source:
Exprealty
Added: Mar 27
Changed: Aug 23
Last Checked: Sep 7 at 11:37AM
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 Greater Impact Realty Kingsport
Investment Insights
Based on property information with market context.
This one-and-a-half-story former bank building offers approximately 2,227 square feet of commercial space and a layout suited to professional office use. The property is described as well maintained and includes existing infrastructure, along with a drive-through window from its previous bank use.
The site provides two points of access, including direct frontage on Highway 126 and additional access from the Blountville Bypass. Parking is supported by approximately 7,500 square feet of asphalt paving, situated on a 0.82-acre lot. Public water and electricity are available, with individual sewer.
Zoned B-4, the building is presented as adaptable for a range of commercial applications that fit the district requirements. Built in 1975, the property’s combination of visibility, paved parking, and banking-era drive-through capability supports a variety of business and office configurations.
The site provides two points of access, including direct frontage on Highway 126 and additional access from the Blountville Bypass. Parking is supported by approximately 7,500 square feet of asphalt paving, situated on a 0.82-acre lot. Public water and electricity are available, with individual sewer.
Zoned B-4, the building is presented as adaptable for a range of commercial applications that fit the district requirements. Built in 1975, the property’s combination of visibility, paved parking, and banking-era drive-through capability supports a variety of business and office configurations.
Key Highlights
- Former one‑and‑a‑half‑story bank building with 2,227 SF of commercial space
- B‑4 zoned property with layout suited for professional offices and other B‑4 commercial uses
- Dual road access: on Highway 126 plus additional access from the Blountville Bypass
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
297
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?
Office building - One-and-a-half-story former bank building with dual road access, ample paved parking, and a drive-through window.
Where is this office building 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: Former one‑and‑a‑half‑story bank building with 2,227 SF of commercial space; B‑4 zoned property with layout suited for professional offices and other B‑4 commercial uses; Dual road access: on Highway 126 plus additional access from the Blountville Bypass
