Industrial Flex Property with Multiple
5015 Memorial Boulevard Kingsport, TN 37664
For Sale
$699,000
Former fence company site featuring three enclosed buildings and a three-sided structure on just over an acre.
Property Size9,046 SF
Price / SF$77.27
Days on Market405
Property Features for 5015 Memorial Boulevard
General Information
- Standard status
- Active
- Size
- 9,046 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1986
Listing Agency:
(423) 247-8121
Listed By:
Byrd Home Team
Source:
Xome
Added: Jun 16, 2025
Changed: Jul 23
Last Checked: Jul 25 at 2:52AM
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 Byrd Home Team
Investment Insights
Based on property information with market context.
This flex/industrial property was previously used as the Tri City Fence company site and includes three enclosed buildings plus one three-sided building. The property is situated on just over an acre and provides multiple structures for businesses that need separated space within one location.
The offering is presented as an opportunity for either a new business or an existing business seeking to change locations. With several buildings on-site, it may support operations that benefit from having different areas for day-to-day work.
The property configuration consists of enclosed and open-sided space under one ownership, allowing a tenant to choose how to utilize the available structures based on operational needs.
The offering is presented as an opportunity for either a new business or an existing business seeking to change locations. With several buildings on-site, it may support operations that benefit from having different areas for day-to-day work.
The property configuration consists of enclosed and open-sided space under one ownership, allowing a tenant to choose how to utilize the available structures based on operational needs.
Key Highlights
- Former fence company site with three enclosed buildings and one three‑sided building
- Just over 1 acre of space for business use
- Metal roof
Financial Insights For Industrial
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 | $90.1k | $9.96 |
| − Vacancy | −$4.5k | −$0.50 |
| EGI | $85.6k | $9.46 |
| − OpEx | −$25.7k | −$2.84 |
| NOI | $59.9k | $6.62 |
9,046 SF · lease $9.96/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$937.4K
$820.3K – $1.09M
NOI $65,620 @ 7.0% cap · market cap 9.39%
Second Best
Industrial
$855.9K
$748.9K – $998.6K
NOI $59,915 @ 7.0% cap · market cap 8.57%
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $237,130 @ 7.0% cap · market cap 33.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Tri-City Fence Company
General Contractor
FAQs
What type of property is this?
Flex space - Former fence company site featuring three enclosed buildings and a three-sided structure on just over an acre.
Where is this flex space located?
The property is located at 5015 Memorial Boulevard Kingsport, TN.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Former fence company site with three enclosed buildings and one three‑sided building; Just over 1 acre of space for business use; Metal roof
