Single-Tenant Flex Industrial
For Sale
Contact for pricing
Pending
444 West Center Street, Kingsport, TN 37660
Flex industrial building with 3-phase power, a drive-in door, and approximately 16-foot warehouse clearance.
Property Size7,750 SF
Lot Size0.38 Acres
Days on Market375
Property Features for 444 West Center Street
General Information
Standard status
Pending
Size
7,750 SF
Lot size
0.38 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
1
Heavy Power
Yes
Additional Details
Business Included
No
Building Details
Tenancy
Single
Listing Agency:
Providence Commercial Real Estate
(865) 207-9711
Listed By:
Jay Cobble · License #301271
(865) 207-9711
Source:
Moodyscre
Added: Aug 4, 2025
Changed: Aug 8
Last Checked: Aug 12 at 12:24PM
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 Providence Commercial Real Estate
Investment Insights
Based on property information with market context.
This approximately 7,750-square-foot flex industrial, single-tenant building is offered as a sale/leaseback opportunity with an existing lease in place. The property includes 3-phase power, a drive-in door, and approximately 16-foot clearance in the warehouse.
The building is located in Downtown Kingsport at 444 W Center Street. It sits on an approximately 0.38-acre site.
For tenants or buyers seeking an operational industrial facility, the current configuration provides warehouse clear-height suitable for a range of light industrial uses within a flex-style layout.
The building is located in Downtown Kingsport at 444 W Center Street. It sits on an approximately 0.38-acre site.
For tenants or buyers seeking an operational industrial facility, the current configuration provides warehouse clear-height suitable for a range of light industrial uses within a flex-style layout.
Key Highlights
- Approximately 7,750 SF flex industrial, single‑tenant building with an existing lease in place (sale/leaseback)
- Building located on 0.38 acres in Downtown Kingsport at 444 W Center Street
- 3‑phase power at the property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,331
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,246,620
$1.2M
Cap Rate 7%
$890,443
$890.4K
Cap Rate 9%
$692,567
$692.6K
Market Conditions
NOI Build-Up for 7,750 SF
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.
Gross rent
$77.2K $9.96/SF
− Vacancy
−$3.9K −$0.50/SF
EGI
$73.3K $9.46/SF
− OpEx
−$11.0K −$1.42/SF
NOI
$62.3K $8.04/SF
Area
Sullivan County, TN
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,246,620
Cap Rate 7%
$890,443
Cap Rate 9%
$692,567
Alternative Uses
Best Use
Warehouse
$890.4K
$779.1K – $1.04M
NOI $62,331 @ 7.0% cap · market cap 6.56%
Second Best
Flex RnD
$803.1K
$702.7K – $937.0K
NOI $56,219 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$2.90M
$2.54M – $3.39M
NOI $203,157 @ 7.0% cap · market cap 21.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
1
Drive-in doors
Single-tenant
Tenancy
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
1,960
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Atlas Culinary Concepts — 325 clinchfield st, kingsport, tn 37660
- Sweet and Savory Catering — 316 Cumberland St, Kingsport, TN 37660
Frequently Asked Questions
What type of property is this?
Flex space - Flex industrial building with 3-phase power, a drive-in door, and approximately 16-foot warehouse clearance.
Where is this flex space located?
The property is located at 444 West Center Street Kingsport, TN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Approximately 7,750 SF flex industrial, single‑tenant building with an existing lease in place (sale/leaseback); Building located on 0.38 acres in Downtown Kingsport at 444 W Center Street; 3‑phase power at the property
