Mixed-Use Property with Outdoor
For Sale
$549,000
3460 Hwy 75, Kingsport, TN 37663
A two-story commercial building and gated storage area occupy commercially zoned land along Highway 75.
Property Size10,000 SF
Lot Size5.33 Acres
Price / SF$109.80
Days on Market8
Property Features for 3460 Hwy 75
General Information
Standard status
Active
Size
10,000 SF
Lot size
5.33 Acres
Property subtype
Commercial
Zoning
B-3
Financials
Asking Price
$549,000
Gross Income
$24,000
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Drive-In Doors
1
Power
600 amps
Three-Phase Power
Yes
Amenities
secure outdoor storage
lighting
signage
security fencing
automatic entrance gate
Building Details
Year Built
2013
Buildings
1
Stories
2
Building Size
10,000 SF
Construction
truss construction
Tenancy
Multi
Listing Agency:
TCI Group - Jerry Petzoldt Agency, LLC
Listed By:
Ed Mahaffey · License #355986
(423) 230-0255
Source:
Easttennesseelistings
Added: Oct 8
Changed: Oct 15
Last Checked: Oct 15 at 2:32AM
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 mixed-use property contains a two-story commercial building with an open ground-floor area, a private office, and a 12-foot garage door. The upper level includes two finished apartments and additional unfinished space. The building was constructed in 2013 and has 600-amp, three-phase electrical service, city water, and sewer. A resale shop occupies the ground floor, with approximately two years remaining on its lease.
The 5.33-acre site fronts Highway 75 and is zoned B-3. Its outdoor storage area has security fencing, an automatic gate, lighting, and signage. The property also includes one 480-volt outlet, two 220-volt outlets, and two 75 kW transformers.
The 5.33-acre site fronts Highway 75 and is zoned B-3. Its outdoor storage area has security fencing, an automatic gate, lighting, and signage. The property also includes one 480-volt outlet, two 220-volt outlets, and two 75 kW transformers.
Key Highlights
- 5.33 acres with B‑3 commercial zoning
- Two‑story building with two finished apartments and additional unfinished upper‑level space
- Ground floor includes an open area, private office, and 12‑foot garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,875
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,500
$877.5K
Cap Rate 7%
$626,786
$626.8K
Cap Rate 9%
$487,500
$487.5K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$78.0K $15.60/SF
− Vacancy
−$7.8K −$1.56/SF
EGI
$70.2K $14.04/SF
− OpEx
−$26.3K −$5.27/SF
NOI
$43.9K $8.77/SF
Area
Sullivan County, TN
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$877,500
Cap Rate 7%
$626,786
Cap Rate 9%
$487,500
Alternative Uses
Best Use
Retail
$1.10M
$965.7K – $1.29M
NOI $77,253 @ 7.0% cap · market cap 14.07%
Second Best
Mixed Use
$626.8K
$548.4K – $731.3K
NOI $43,875 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$1.87M
$1.64M – $2.18M
NOI $131,069 @ 7.0% cap · market cap 23.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Drive-in doors
Multi-tenant
Tenancy
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 37663, TN
14,392
Population
6,679
Households
2.2
Avg Household Size
47
Median Age
34%
College-Educated
95%
High-School Grad
25.8 sq mi
ZIP Area
558
Density / Sq Mi
$76,122
Median Household Income
$45,399
Median Earnings
$886
Median Rent
$224,900
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 Retail in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-story commercial building and gated storage area occupy commercially zoned land along Highway 75.
Where is this mixed-use property located?
The property is located at 3460 Hwy 75 Kingsport, TN.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 5.33 acres with B‑3 commercial zoning; Two‑story building with two finished apartments and additional unfinished upper‑level space; Ground floor includes an open area, private office, and 12‑foot garage door
