Flex Auto Repair and
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3379 E Stone Dr, Kingsport, TN 37660
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 Market199
Property Features for 3379 E Stone Dr
General Information
Standard status
Active
Size
3,120 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Additional Details
Drive-In Doors
2
Service Bays
2
Listing Agency:
TCI Group-Jerry Petzoldt Agency LLC
(423) 230-0255
Listed By:
Chris Ramsey · License #369704
(423) 646-9043
Source:
Moodyscre
Added: Apr 13
Changed: Oct 25
Last Checked: Oct 26 at 4:20PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$22,632
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,640
$452.6K
Cap Rate 7%
$323,314
$323.3K
Cap Rate 9%
$251,467
$251.5K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$37.4K $12.00/SF
− Vacancy
−$2.6K −$0.84/SF
EGI
$34.8K $11.16/SF
− OpEx
−$12.2K −$3.91/SF
NOI
$22.6K $7.25/SF
Area
Sullivan County, TN
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,640
Cap Rate 7%
$323,314
Cap Rate 9%
$251,467
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
2
Drive-in doors
2
Service bays
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37660, TN
39,479
Population
20,405
Households
1.9
Avg Household Size
45
Median Age
24%
College-Educated
88%
High-School Grad
65.7 sq mi
ZIP Area
601
Density / Sq Mi
$46,913
Median Household Income
$34,164
Median Earnings
$833
Median Rent
$177,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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.
