Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Kingsport Shopping Center Space Available Title is generated by Realmo AI

    1233 N Eastman Rd, Kingsport, TN 37664

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Food City anchored shopping center in Kingsport, Tennessee for lease.

    Type:Retail
    Added:
    Nov 21, 2023
    Days on Market:
    928
    Last Refresh:
    May 12 at 8:22 pm

    Property Features for 1233 N Eastman Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 1233 N Eastman Rd Contact us

    We can help!

    Listing Contact
    Casey Owens

    Listing agent Casey Owens License #SC 110999

    Listing office Reliance Realty Advisors

    Listing date Nov 21, 2023

    Source Crexi

    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 Reliance Realty Advisors

    HighLights

    • Food City anchored Shopping Center
    • Located off N. Eastman Road
    • Located in Kingsport, TN
    • Shopping Center

    Overview

    This shopping center is anchored by Food City and is located off N. Eastman Road in Kingsport, Tennessee.
    Location Intelligence

    Current Use by Public Records

    Lily Nails Nail Salon Fox's Pizza Den Restaurant Subway Take-out & Catering Advance America Bank Rocky Top Vapor ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Greenacres Shopping Center — 1101 N Eastman Rd, Kingsport, TN 37664
    • Southland Shopping Center — 1913 Sherwood Rd, Kingsport, TN 37664
    • Crown Point Shopping Center — 1204 N Eastman Rd, Kingsport, TN 37664
    • Danny Nail Spa — 3201 Brown Milll Road, Kingsport, TN 37664, United States
    • Fort Henry Mall — 2101 Fort Henry Dr, Kingsport, TN 37664

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.529425
    Latitude
    36.531492

    Nearby Similar for Lease

    • $14 SF/Yr
      3,000 SF

      Kingsport Commercial Building For Lease

      Freestanding commercial building with high visibility and flexible space.
      2717 E Stone Drive, Kingsport, TN 37660
      View Details
    • $4,500/Mo
      6,000 SF

      Kingsport Commercial Space For Lease

      Versatile 6,000 SF commercial building for lease in Kingsport.
      1904 Brookside Drive, Kingsport, TN 37660
      View Details
    • $700/Mo
      350 SF

      Downtown Kingsport Office Space

      Office space in downtown Kingsport with parking and utilities included.
      245 E New Street, Kingsport, TN 37660
      View Details
    • $1,000/Mo
      600 SF

      Downtown Kingsport Office Space

      Office space in downtown Kingsport with parking and utilities included.
      245 E New Street, Kingsport, TN 37660
      View Details
    • $1,295,000 SF/Yr
      8,000 SF

      Kingsport Industrial Space For Lease

      8,000 SF industrial space with NNN lease through August 2028.
      10384 Wallace Alley Street, Kingsport, TN 37663
      View Details
    • $949/Mo
      500 SF

      Kingsport Retail Space For Lease

      Retail spaces available with storefront and included utilities in Kingsport.
      244 E Center Street, Kingsport, TN 37660
      View Details
    • $1,650/Mo
      1,609 SF

      Kingsport Commercial Space For Rent

      Commercial space with plumbing, ideal for salons or medical offices.
      2908 Bloomingdale Road, Kingsport, TN 37660
      View Details
    • $1,500,000 SF/Yr
      6,000 SF

      Versatile Mixed-Use Commercial Space

      Adaptable 6,000 sq ft space in downtown Kingsport.
      Kingsport, TN 37660
      View Details
    • $2,000,000 SF/Yr
      25,520 SF

      Adaptable Commercial Asset in Kingsport

      31,656 SF building with flexible space and highway access.
      2450 Memorial Boulevard, Kingsport, TN 37664
      View Details
    • $1,000/Mo
      600 SF

      Downtown Kingsport Office Space

      600 SF office space in downtown Kingsport for lease.
      245 E New Street, Kingsport, TN 37660
      View Details
    • $1,800/Mo
      1,800 SF

      Downtown Kingsport Commercial Space Available

      1800 SF commercial space with roll-up doors in Kingsport.
      422 E Market Street, Kingsport, TN 37660
      View Details
    • $1,198/Mo
      1,250 SF

      Kingsport Retail Space For Lease

      High-visibility retail space available in a busy business district.
      733 W Stone Drive, Kingsport, TN 37660
      View Details

    FAQs

    What type of property is this?
    Shopping center - Food City anchored shopping center in Kingsport, Tennessee for lease.
    Where is this shopping center located?
    The property is located at 1233 N Eastman Rd Kingsport, TN.
    What are key features of this property?
    This property features: Food City anchored Shopping Center; Located off N. Eastman Road; Located in Kingsport, TN
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Casey Owens
    Real Estate License ID: SC 110999
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1233 N Eastman Rd, Kingsport, TN 37664
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!