Warehouse Flex Facility with Fenced
475 Morelock Street Kingsport, TN 37660
For Sale
Contact for pricing
Pending
Flex warehouse with six oversized garage bays, 15-foot ceiling, and a fenced gravel yard with two usable entrances.
Property Size5,600 SF
Lot Size3.29 Acres
Days on Market212
Property Features for 475 Morelock Street
General Information
Standard status
Pending
Size
5,600 SF
Lot size
3.29 Acres
Property subtype
INDUSTRIAL
Listing Agency:
TCI Group-Jerry Petzoldt Agency LLC
(423) 430-4215
Listed By:
Ed Mahaffey · License #355986
(423) 430-4215
Source:
Moodyscre
Added: Dec 29, 2025
Changed: Jul 28
Last Checked: Jul 28 at 9:45AM
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 versatile commercial flex and warehouse property offers approximately 5,600 SF with six oversized garage bays, including four 12-foot bays and two 15-foot bays. The building includes a 15-foot ceiling height and interior space configured with an office/reception area, conference room, multiple storage rooms, two bathrooms, tool/utility space, and a loft/breakroom. Recent upgrades include two new heat pumps (2022), metal roofing, fresh interior paint, and new vinyl plank flooring.
The exterior features 3.29 acres of completely fenced, flat gravel area with two commercially usable entrances, supporting secure outdoor storage and practical site access. The property is positioned just off N. John B. Dennis Highway in a high-traffic corridor in Kingsport, located in Sullivan County just outside the city limits.
Zoned B-3, the property is intended to support a wide range of commercial uses and provides a flexible setup for businesses and investors seeking an on-site office and shop arrangement with straightforward truck and tractor-trailer access.
The exterior features 3.29 acres of completely fenced, flat gravel area with two commercially usable entrances, supporting secure outdoor storage and practical site access. The property is positioned just off N. John B. Dennis Highway in a high-traffic corridor in Kingsport, located in Sullivan County just outside the city limits.
Zoned B-3, the property is intended to support a wide range of commercial uses and provides a flexible setup for businesses and investors seeking an on-site office and shop arrangement with straightforward truck and tractor-trailer access.
Key Highlights
- 5,600± SF commercial building in Kingsport, TN, just off N. John B. Dennis Highway
- 3.29 fenced, flat gravel yard with 2 commercially usable entrances and plentiful on‑site parking
- Six oversized garage bays: four 12‑ft bays plus two 15‑ft bays, with 15‑ft ceiling height
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 | $55.8k | $9.96 |
| − Vacancy | −$2.8k | −$0.50 |
| EGI | $53.0k | $9.46 |
| − OpEx | −$7.9k | −$1.42 |
| NOI | $45.0k | $8.04 |
5,600 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$643.4K
$563.0K – $750.7K
NOI $45,039 @ 7.0% cap · market cap 4.74%
Second Best
Flex RnD
$580.3K
$507.8K – $677.0K
NOI $40,622 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$2.10M
$1.83M – $2.45M
NOI $146,797 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex warehouse with six oversized garage bays, 15-foot ceiling, and a fenced gravel yard with two usable entrances.
Where is this flex space located?
The property is located at 475 Morelock Street Kingsport, TN.
What is the asking price?
The asking price for this property is $949,900.
What are key features of this property?
This property features: 5,600± SF commercial building in Kingsport, TN, just off N. John B. Dennis Highway; 3.29 fenced, flat gravel yard with 2 commercially usable entrances and plentiful on‑site parking; Six oversized garage bays: four 12‑ft bays plus two 15‑ft bays, with 15‑ft ceiling height
