Industrial Flex Warehouse with Two
401 Tilthammer Drive Kingsport, TN 37663
401 Tilthammer Drive, Kingsport, TN, 37663
$1,750,000
For Sale
$1,750,000
Industrial property on 2.43 acres with two buildings, multiple overhead doors, and compressed air systems.
Property Size8,000 SF
Price / SF$218.75
Days on Market161
Property Features for 401 Tilthammer Drive
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1999
Listing agency
(423) 639-6781
Listed by
Greeneville
Source
Xome
Added: Feb 12 Updated: Jul 22 at 10:33PM Checked: Jul 22 at 10:33PM
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 Greeneville
Investment Insights
Based on property information with market context.
This industrial property is positioned on 2.43 acres and zoned M1R, offering flexible space with two separate buildings totaling 8,000 square feet. The main building includes four 14-foot automatic garage doors, natural gas heat with dual heaters on each side, two restrooms, a security system, and a compressed air system with compressor. Additional storage space is located above the office areas.
A secondary building provides additional capacity with four 12-foot manual garage doors, office space with heating, one restroom, and a compressed air system with compressor. The site was previously utilized as a bus garage and is presented as ready for its next commercial operation.
Both buildings are equipped for heavy-duty functionality, supported by vehicle-oriented access and practical on-site infrastructure for industrial and service use. Buyer and buyer’s agent are advised to verify all information taken from third-party sources.
A secondary building provides additional capacity with four 12-foot manual garage doors, office space with heating, one restroom, and a compressed air system with compressor. The site was previously utilized as a bus garage and is presented as ready for its next commercial operation.
Both buildings are equipped for heavy-duty functionality, supported by vehicle-oriented access and practical on-site infrastructure for industrial and service use. Buyer and buyer’s agent are advised to verify all information taken from third-party sources.
Key Highlights
- 2.43‑acre industrial property at 401 Tilthammer Drive, zoned M1R
- Two buildings totaling 8,000 SF: 5,000 SF main building and 3,000 SF secondary building
- Main building includes four 14‑ft automatic garage doors and dual natural‑gas heaters
Local Financial Insights For Warehouse
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 | $79.7k | $9.96 |
| − Vacancy | −$4.0k | −$0.50 |
| EGI | $75.7k | $9.46 |
| − OpEx | −$11.4k | −$1.42 |
| NOI | $64.3k | $8.04 |
8,000 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$919.2K
$804.3K – $1.07M
NOI $64,342 @ 7.0% cap · market cap 3.68%
Second Best
Flex RnD
$829.0K
$725.4K – $967.2K
NOI $58,032 @ 7.0% cap · market cap 3.32%
Theoretical Best
Office A
$3.00M
$2.62M – $3.50M
NOI $209,710 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
C & S Transit ...
Freight Service
Similar For Sale Nearby
Similar Off Market Nearby
- Ridgefield's Storage Center — 430 Riverport Rd # 1, Kingsport, TN 37660
FAQs
What type of property is this?
Warehouse - Industrial property on 2.43 acres with two buildings, multiple overhead doors, and compressed air systems.
Where is this warehouse located?
The property is located at 401 Tilthammer Drive Kingsport, TN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 2.43‑acre industrial property at 401 Tilthammer Drive, zoned M1R; Two buildings totaling 8,000 SF: 5,000 SF main building and 3,000 SF secondary building; Main building includes four 14‑ft automatic garage doors and dual natural‑gas heaters
