Flex Space with Truck
5602 Kingsport Hwy Johnson City, TN 37615
5602 Kingsport Hwy, Johnson City, TN, 37615
$879,900
For Sale
$879,900
Built-out upper showroom and offices pair with a temperature-moderate lower level and truck dock for efficient loading.
Property Size7,832 SF
Lot Size1.08 Acres
Price / SF$112.35
Days on Market84
Property Features for 5602 Kingsport Hwy
General Information
- Standard status
- Active
- Size
- 7,832 SF
- Lot size
- 1.08 Acres
Listing Agency
REMAX Checkmate, Inc. Realtors
(423) 612-3035
Listed by
Jay Goodson · License #329807
(423) 612-3035
Source
Exprealty
Added: Apr 29 Updated: Jul 20 at 4:23 am Checked: Jul 20 at 4:23 am
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 REMAX Checkmate, Inc. Realtors
Investment Insights
Based on property information with market context.
This flex space combines built-out office or retail/showroom improvements with warehousing functionality. The upper level is at grade with Hwy 36 and includes a showroom, lobby, and office areas, along with a break room. The lower level is designed to maintain moderate temperatures year round and is supported by a truck dock for loading in and out. Additional operational features include a freight elevator, and HVAC was replaced in 2024.
The property offers over 150 feet of road frontage on a major commercial corridor in Johnson City, with pylon signage for visibility. The listing also includes an adjacent .36-acre site alongside the .72-acre property, providing more space that may be used for outbuildings or parking.
With the blend of showroom, office, and dock-equipped warehouse/flex functionality, this is positioned to support multiple day-to-day business needs from one address.
The property offers over 150 feet of road frontage on a major commercial corridor in Johnson City, with pylon signage for visibility. The listing also includes an adjacent .36-acre site alongside the .72-acre property, providing more space that may be used for outbuildings or parking.
With the blend of showroom, office, and dock-equipped warehouse/flex functionality, this is positioned to support multiple day-to-day business needs from one address.
Key Highlights
- Built‑out commercial space with an upper level at grade on Hwy 36, plus a lower level with moderate year‑round temperatures
- Upper level includes showroom, lobby, office areas, and a break room
- Lower level features a truck dock for loading in and out
Local Financial Insights For Flex RnD
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 | $94.0k | $12.00 |
| − Vacancy | −$5.6k | −$0.72 |
| EGI | $88.3k | $11.28 |
| − OpEx | −$30.9k | −$3.95 |
| NOI | $57.4k | $7.33 |
7,832 SF · lease $12.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.65M
$1.45M – $1.93M
NOI $115,600 @ 7.0% cap · market cap 13.14%
Second Best
Flex RnD
$820.3K
$717.8K – $957.1K
NOI $57,424 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$3.30M
$2.89M – $3.85M
NOI $231,201 @ 7.0% cap · market cap 26.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
A Nature's Healing Arts
Alternative Medicine Practice
The Lucky Fin Homestore
Furniture & Home Goods
Jim Quillin, LMT, ...
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Built-out upper showroom and offices pair with a temperature-moderate lower level and truck dock for efficient loading.
Where is this flex space located?
The property is located at 5602 Kingsport Hwy Johnson City, TN.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: Built‑out commercial space with an upper level at grade on Hwy 36, plus a lower level with moderate year‑round temperatures; Upper level includes showroom, lobby, office areas, and a break room; Lower level features a truck dock for loading in and out
