Steel-Frame Warehouse with Roll-Up
3377 E Stone Dr Kingsport, TN 37664
For Sale
Contact for pricing
Leased steel-frame warehouse with three 12' roll-up doors and fenced outdoor storage along East Stone Drive.
Property Size5,000 SF
Price / SF$75
Days on Market104
Property Features for 3377 E Stone Dr
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Property subtype
- RETAIL
Listing Agency:
TCI Group-Jerry Petzoldt Agency LLC
(423) 430-4215
Listed By:
Ed Mahaffey · License #355986
(423) 430-4215
Source:
Moodyscre
Added: Apr 13
Changed: Jul 25
Last Checked: Jul 25 at 11:43AM
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.
3377 E Stone Dr presents a steel-frame warehouse configured for automotive or light industrial use, featuring durable crimped steel siding and a metal roof. The building includes three 12' x 12' roll-up doors and approximately 16' ceiling height, along with ample outdoor storage on a level, fully fenced lot.
The property is positioned along Highway 11W (East Stone Drive) in a highly visible commercial corridor, with approximately 22,500 vehicles per day. Zoned M1R and located within the Kingsport city limits, the site is serviced by public water and sewer.
The warehouse is currently leased to a collision repair operator under a 2-year lease, with the tenant responsible for utilities. Sale will be subject to the current tenant’s rights under the existing lease. An additional property is available on an adjoining lot under a separate listing at 3379 E Stone Drive.
The property is positioned along Highway 11W (East Stone Drive) in a highly visible commercial corridor, with approximately 22,500 vehicles per day. Zoned M1R and located within the Kingsport city limits, the site is serviced by public water and sewer.
The warehouse is currently leased to a collision repair operator under a 2-year lease, with the tenant responsible for utilities. Sale will be subject to the current tenant’s rights under the existing lease. An additional property is available on an adjoining lot under a separate listing at 3379 E Stone Drive.
Key Highlights
- 15,000 SF steel‑frame warehouse currently leased to a collision repair operator under a 2‑year lease
- Lease income of $30,000 annually; tenant responsible for utilities; about 2 years remaining on the lease term
- Level, fully fenced lot along Highway 11W (East Stone Drive) with approx. 22,500 vehicles/day traffic count
Financial Insights For Industrial
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 | $49.8k | $9.96 |
| − Vacancy | −$2.5k | −$0.50 |
| EGI | $47.3k | $9.46 |
| − OpEx | −$14.2k | −$2.84 |
| NOI | $33.1k | $6.62 |
5,000 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.10M
$965.7K – $1.29M
NOI $77,253 @ 7.0% cap · market cap 20.60%
Second Best
Warehouse
$574.5K
$502.7K – $670.2K
NOI $40,214 @ 7.0% cap · market cap 10.72%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,069 @ 7.0% cap · market cap 34.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr Pepper Snapple ...
Corporate Office
TAYLOR'S AUTO
Auto Repair Shop
FAQs
What type of property is this?
Warehouse - Leased steel-frame warehouse with three 12' roll-up doors and fenced outdoor storage along East Stone Drive.
Where is this warehouse located?
The property is located at 3377 E Stone Dr Kingsport, TN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 15,000 SF steel‑frame warehouse currently leased to a collision repair operator under a 2‑year lease; Lease income of $30,000 annually; tenant responsible for utilities; about 2 years remaining on the lease term; Level, fully fenced lot along Highway 11W (East Stone Drive) with approx. 22,500 vehicles/day traffic count
