4006 Memorial Boulevard, Kingsport, TN 37664
COMMERCIAL - Kingsport, TN
- Added:
- Jul 7, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 7 at 7:06 pm
Property Features for 4006 Memorial Boulevard
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- R 4
- Parking
- 15
- Standard status
- Active
- APN
- 062c E 017.00
- Size
- 4,045 SF
- Lot size
- 1.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1503
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Wall Furnace, Heat Pump (Heating), Space Heater
- Cooling system
- Ceiling Fan(s), Heat Pump, Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1947
- Building materials
- Brick, Concrete, Vinyl Siding
- Roof type
- Metal
Listing agent Abigail Weaver License #357811 (423) 335-3937
Listing office CENTURY 21 Legacy Fort Henry 1757 Fort Henry Dr, Kingsport, TN (423) 239-6112
Listing date Jul 7, 2026
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Investment property with 2 buildings and 7 units, designed for immediate rental income at full capacity (8.7% cap rate).
- Sale includes both parcels: 062C E 017.00 and 062C E 018.00.
- Metal roof updates: Building 2 has a 2‑year‑old metal roof; Building 1 has a 5‑year‑old metal roof.
- Construction materials include brick, concrete, and vinyl siding; built in 1947.
- Additional on‑site storage includes an unfinished basement and a garage workshop.
- Remodeling in process in 2 vacant units; some plumbing and electrical updates; natural gas available with public water and public sewer.
Overview
The property is located at 4006 Memorial Boulevard in Kingsport, Tennessee, within Sullivan County, on approximately 1.28 acres. The sale includes both parcels identified as 062C E 017.00 and 062C E 018.00. Public remarks reference Tennessee Department of Transportation road improvements on Hwy 126 and indicate boundary lines already reflect the updated property borders, which the seller expects to affect traffic patterns following the road modifications.
For investors, this offering is presented as producing immediate rental income with a stated 8.7% cap rate at full capacity, along with additional land to further develop and add units for additional future income. Buyer(s) and buyer’s agents are advised to verify all information.
Local Financial Insights For Apartment 5plus
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 | $54.4k | $13.44 |
| − Vacancy | −$3.0k | −$0.74 |
| EGI | $51.4k | $12.70 |
| − OpEx | −$23.1k | −$5.72 |
| NOI | $28.3k | $6.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.494338
- Latitude
- 36.5317
