8-Unit Strip
For Sale
$425,000
930 Wilcox Court, Kingsport, TN 37660
Commercial Sale, Kingsport, TN
Property Size1,920 SF
Lot Size0.53 Acres
Price / SF$229.73
Days on Market47
Property Features for 930 Wilcox Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1
Directions
From Downtown Kingsport: Wilcox Drive to Wilcox Business Center. Turn right on Wilcox Court, second building on left.
Subdivision
405 - Sullvn Grdns/Horse Crk Vill/Lo
Standard status
Active
APN
061 012.40
Size
1,850 SF
Lot size
0.53 Acres
Taxes and HOA fees
Tax Annual Amount
1515
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1981
Building materials
Block, Metal Siding
Roof type
Rubber
Listing Agency:
Property Executives Johnson City
(423) 952-0226
Listed By:
Mary Ann Patton · License #270165
(423) 677-6592
Added: Sep 14
Changed: Oct 16
Last Checked: Oct 30 at 6:06PM
MLS# 10000887
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.
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Investment Insights
Based on property information with market context.
This 1981 strip center contains 8 units, with Units 3 and 4 joined into a larger space. Each unit has a restroom, two separate rooms and an individual PTAC heating and cooling unit. The building has block and metal siding, a rubber roof, public water and public sewer. The property occupies a 0.53-acre lot.
Located just off Wilcox Drive, the center is approximately 1.6 miles from I-26. Customer parking is available in front, with additional spaces along the side of the building. Zoning is M1.
Located just off Wilcox Drive, the center is approximately 1.6 miles from I-26. Customer parking is available in front, with additional spaces along the side of the building. Zoning is M1.
Key Highlights
- 8 units, with Units 3 and 4 combined into one larger space
- Each unit includes a restroom, two rooms and an individual PTAC unit
- 0.53‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,584
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,680
$571.7K
Cap Rate 7%
$408,343
$408.3K
Cap Rate 9%
$317,600
$317.6K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$42.6K $23.04/SF
− Vacancy
−$1.8K −$0.97/SF
EGI
$40.8K $22.07/SF
− OpEx
−$12.3K −$6.62/SF
NOI
$28.6K $15.45/SF
Area
Sullivan County, TN
Vacancy
4.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$571,680
Cap Rate 7%
$408,343
Cap Rate 9%
$317,600
Alternative Uses
Best Use
Retail
$408.3K
$357.3K – $476.4K
NOI $28,584 @ 7.0% cap · market cap 6.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$692.8K
$606.2K – $808.3K
NOI $48,495 @ 7.0% cap · market cap 11.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
8
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - Individual suites have private restrooms and dedicated heating and cooling equipment.
Where is this strip mall located?
The property is located at 930 Wilcox Court Kingsport, TN.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 8 units, with Units 3 and 4 combined into one larger space; Each unit includes a restroom, two rooms and an individual PTAC unit; 0.53‑acre lot
