516 Morelock Street Kingsport, TN 37660
COMMERCIAL - Kingsport, TN
- Added:
- Dec 19, 2022
- Days on Market:
- 1300
- Last Refresh:
- Jul 11 at 7:06 am
Property Features for 516 Morelock Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B3
- Standard status
- Active
- APN
- 031j A 002.30
- Size
- 21,600 SF
- Lot size
- 3.38 Acres
Taxes and HOA fees
- Tax Annual Amount
- 6866
Utilities
- Sewer type
- Septic Tank
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air, Heat Pump
- Water source
- Public
Building Details
- Year built
- 2004
- Building materials
- Metal Siding
- Roof type
- Metal
Listing agent Lori Fletcher License #355734 (423) 276-8232
Listing office Conservus Homes 402 E Main Street, Kingsport, TN (423) 343-4307
Listing date Dec 19, 2022
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.
Investment Insights
Based on property information with market context.
Key Highlights
- 21,600 sq ft of commercial/office/multi‑purpose space across six buildings on 3.38 acres.
- Six buildings with current leases, providing immediate income potential.
- Located in a high traffic area, ideal for business visibility.
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 | $290.3k | $13.44 |
| − Vacancy | −$16.0k | −$0.74 |
| EGI | $274.3k | $12.70 |
| − OpEx | −$123.5k | −$5.72 |
| NOI | $150.9k | $6.99 |
