Flex Auto Repair and
3379 E Stone Dr Kingsport, TN 37660
For Sale
Contact for pricing
Leased flex property with office space, two garage bays with 12x12 doors, and fenced secure storage off Hwy 11W.
Property Size3,120 SF
Price / SF$100.96
Days on Market108
Property Features for 3379 E Stone Dr
General Information
Standard status
Active
Size
3,120 SF
Property subtype
INDUSTRIAL
Listing Agency:
TCI Group-Jerry Petzoldt Agency LLC
(423) 230-0255
Listed By:
Ed Mahaffey · License #355986
(423) 430-4215
Source:
Moodyscre
Added: Apr 13
Changed: Jul 26
Last Checked: Jul 28 at 4:10PM
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.
This flex-style commercial property is designed for a combination of office use and automotive-related operations. The building includes an office plus two garage bays, each with a 12 x 12 ft door. The fenced site is accessed through keypad entry, providing controlled, secure storage or work space.
The property is located on busy Hwy 11W, a 4-lane highway with easy access and high visibility.
The subject property is currently leased, with approximately two years remaining on the existing lease term, and any sale will be subject to the current tenant’s rights under that lease agreement. The owner is also clarifying the exact location of certain boundary lines, with additional details to be provided as information becomes available.
The property is located on busy Hwy 11W, a 4-lane highway with easy access and high visibility.
The subject property is currently leased, with approximately two years remaining on the existing lease term, and any sale will be subject to the current tenant’s rights under that lease agreement. The owner is also clarifying the exact location of certain boundary lines, with additional details to be provided as information becomes available.
Key Highlights
- Leased flex commercial property with office space, office/warehouse setup, and secure storage.
- Two garage bays on both sides, each with 12 x 12 ft doors.
- Fenced property with keypad entry for secure access.
Financial Insights For Flex RnD
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 | $37.4k | $12.00 |
| − Vacancy | −$2.6k | −$0.84 |
| EGI | $34.8k | $11.16 |
| − OpEx | −$12.2k | −$3.91 |
| NOI | $22.6k | $7.25 |
3,120 SF · lease $12.00/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$688.7K
$602.6K – $803.4K
NOI $48,206 @ 7.0% cap · market cap 15.30%
Second Best
Office B
$650.8K
$569.5K – $759.3K
NOI $45,557 @ 7.0% cap · market cap 14.46%
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,787 @ 7.0% cap · market cap 25.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Leased flex property with office space, two garage bays with 12x12 doors, and fenced secure storage off Hwy 11W.
Where is this flex space located?
The property is located at 3379 E Stone Dr Kingsport, TN.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Leased flex commercial property with office space, office/warehouse setup, and secure storage.; Two garage bays on both sides, each with 12 x 12 ft doors.; Fenced property with keypad entry for secure access.
