Flex Space with Shop and
New
For Sale
Contact for pricing
6160 Orebank Rd, Kingsport, TN 37660
Insulated commercial facility with offices, storage, drive-in access, and concrete outdoor work space.
Property Size2,800 SF
Lot Size0.55 Acres
Price / SF$89.29
Days on Market3
Property Features for 6160 Orebank Rd
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.55 Acres
Property subtype
RETAIL
Site & Location
Outdoor Storage
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
13 ft
Mezzanine
325 SF
Drive-In Doors
2
Three-Phase Power
Yes
Amenities
two oversized drive-in doors
approximately 13 feet interior clearance
two offices
break room
full bathroom
dedicated storage room
gas heat
newer heat pump
metal roof
concrete parking and work area
Building Details
Buildings
2
Listing Agency:
TCI Group-Jerry Petzoldt Agency LLC
(423) 230-0255
Listed By:
Chris Ramsey · License #369704
(423) 646-9043
Source:
Moodyscre
Added: Sep 17
Changed: Sep 19
Last Checked: Sep 19 at 5:33AM
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 flex space property combines an approximately 2,800-square-foot insulated shop and garage with a 325-square-foot mezzanine storage area. The building includes two oversized drive-in doors measuring approximately 13' x 13' and 12' x 11.5', along with approximately 13 feet of interior clearance. Interior improvements include two private offices, a break room, full bathroom, and separate storage room. Gas heat serves the shop, while a newer heat pump serves the office area.
The approximately 0.55-acre site provides approximately 4,200 square feet of concrete paving for parking, vehicle staging, equipment storage, or outdoor work space. Additional improvements include an outdoor storage building and metal roof. Public water and sewer are available, along with three-phase power. The property is located at 6160 Orebank Rd in Kingsport, Tennessee, within sight of Highway 11W.
The approximately 0.55-acre site provides approximately 4,200 square feet of concrete paving for parking, vehicle staging, equipment storage, or outdoor work space. Additional improvements include an outdoor storage building and metal roof. Public water and sewer are available, along with three-phase power. The property is located at 6160 Orebank Rd in Kingsport, Tennessee, within sight of Highway 11W.
Key Highlights
- Approximately 2,800 SF insulated shop/garage
- Approximately 325 SF mezzanine storage area
- Two drive‑in doors: approximately 13' x 13' and 12' x 11.5'
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
$20,311
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
8.12%
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%
$406,220
$406.2K
Cap Rate 7%
$290,157
$290.2K
Cap Rate 9%
$225,678
$225.7K
Market Conditions
NOI Build-Up for 2,800 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
$33.6K $12.00/SF
− Vacancy
−$2.4K −$0.84/SF
EGI
$31.2K $11.16/SF
− OpEx
−$10.9K −$3.91/SF
NOI
$20.3K $7.25/SF
Area
Sullivan County, TN
Vacancy
7.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
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%
$406,220
Cap Rate 7%
$290,157
Cap Rate 9%
$225,678
Alternative Uses
Best Use
Retail
$618.0K
$540.8K – $721.0K
NOI $43,262 @ 7.0% cap · market cap 17.30%
Second Best
Flex RnD
$290.2K
$253.9K – $338.5K
NOI $20,311 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$1.05M
$917.5K – $1.22M
NOI $73,399 @ 7.0% cap · market cap 29.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
13 ft
Clear height
2
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
83
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Insulated commercial facility with offices, storage, drive-in access, and concrete outdoor work space.
Where is this flex space located?
The property is located at 6160 Orebank Rd Kingsport, TN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 2,800 SF insulated shop/garage; Approximately 325 SF mezzanine storage area; Two drive‑in doors: approximately 13' x 13' and 12' x 11.5'
