Automotive Repair Shop with
New
For Sale
$250,000
6160 Orebank Road, Kingsport, TN 37664
Commercial Sale, Kingsport, TN
Property Size2,800 SF
Lot Size0.55 Acres
Price / SF$89.29
Days on Market6
Property Features for 6160 Orebank Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M 1R
Directions
Travel from Kingsport toward Bristol on Hwy 11W. Turn right onto Orebank Road. Property is the second parcel on the right.
Subdivision
410 - City/East, Indian Springs, India
Standard status
Active
APN
032p A 01010 000
Size
2,800 SF
Lot size
0.55 Acres
Taxes and HOA fees
Tax Annual Amount
796
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Propane (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
two oversized garage doors
two offices
full bath
break room
storage room
newer heat pump
gas heat
public water and sewer
three-phase power
metal roof
outdoor storage shed
concrete pad
Building Details
Year built
2001
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
TCI Group - Jerry Petzoldt Agency, LLC
(423) 230-0255
Listed By:
Chris Ramsey · License #369704
(423) 646-9043
Added: Sep 12
Changed: Sep 16
Last Checked: Sep 17 at 9:06AM
MLS# 10001005
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.
This 2,800-square-foot automotive shop includes a 325-square-foot mezzanine, two offices, a full bathroom, break room, and storage room. The insulated garage has approximately 13-foot interior clearance and two oversized doors measuring approximately 13' x 13' and 12' x 11.5'. Office space is heated and cooled by a heat pump, while the garage has propane heat. Built in 2001, the building also features metal siding and a metal roof.
The property occupies approximately 0.55 acres at 6160 Orebank Road in Kingsport, Tennessee, within sight of Highway 11W. Public water and sewer serve the site, and three-phase power is available. An approximately 4,200-square-foot concrete pad provides space for parking, vehicle staging, or outdoor work. Additional site improvements include an outdoor storage shed and a large air compressor. The automotive lift and air compressor currently inside the building are excluded from the sale.
The property occupies approximately 0.55 acres at 6160 Orebank Road in Kingsport, Tennessee, within sight of Highway 11W. Public water and sewer serve the site, and three-phase power is available. An approximately 4,200-square-foot concrete pad provides space for parking, vehicle staging, or outdoor work. Additional site improvements include an outdoor storage shed and a large air compressor. The automotive lift and air compressor currently inside the building are excluded from the sale.
Key Highlights
- 2,800 SF insulated garage with 325 SF mezzanine storage area
- Two oversized garage doors: approximately 13' x 13' and 12' x 11.5'
- Approximately 13' interior building height
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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Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37664, TN
28,748
Population
13,914
Households
2.1
Avg Household Size
44
Median Age
34%
College-Educated
92%
High-School Grad
33.9 sq mi
ZIP Area
848
Density / Sq Mi
$61,164
Median Household Income
$37,047
Median Earnings
$817
Median Rent
$204,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Similar Off Market Nearby
- Lawson's Automotive & Speed — 5657 Orebank Rd, Kingsport, TN 37664
- R & R Auto — 5733 Orebank Rd, Kingsport, TN 37664
- Sam's Auto Repair — HG4R+PC, Kingsport, TN 37664
- Gary Barnett Shop — Tennessee 37664
- Nard's Automotive — 3206 E Stone Dr, Kingsport, TN 37660
Frequently Asked Questions
What type of property is this?
Auto shop - Functional shop and office property with outdoor work area, public utilities, and M 1R zoning.
Where is this auto shop located?
The property is located at 6160 Orebank Road 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: 2,800 SF insulated garage with 325 SF mezzanine storage area; Two oversized garage doors: approximately 13' x 13' and 12' x 11.5'; Approximately 13' interior building height
