Brick Office Building on Stone
Stone W Drive, Kingsport, TN 37660
For Sale
$697,000
Commercial Sale, Kingsport, TN
Property Size1,455 SF
Lot Size0.48 Acres
Price / SF$479.04
Days on Market186
Property Features for Stone W Drive
General Information
Property type
Property subtype
Zoning
Parking
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Roof type
Listing Agency:
Weichert Realtors Saxon Clark KPT
(423) 765-9118
Listed By:
Todd Nickens · License TN #352917
(423) 967-4312
Added: May 13
Changed: Oct 17
Last Checked: Nov 14 at 4:06AM
MLS# 9995321
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 1,455-square-foot office building occupies a 0.48-acre lot in Kingsport. Built in 1952, the property has brick construction, a shingle asphalt roof, and heat-pump heating and cooling. Public water and public sewer serve the site.
The property is positioned along the 11W/Stone Drive corridor in Kingsport, Tennessee. P-1 zoning supports commercial office and professional use, providing a defined framework for an office-oriented operation. The existing configuration and building systems may suit an owner-user, professional practice, or investor, subject to buyer verification of all information.
The property is positioned along the 11W/Stone Drive corridor in Kingsport, Tennessee. P-1 zoning supports commercial office and professional use, providing a defined framework for an office-oriented operation. The existing configuration and building systems may suit an owner-user, professional practice, or investor, subject to buyer verification of all information.
Key Highlights
- 1,455 square feet of office space on a 0.48‑acre lot
- P‑1 zoning for commercial office and professional use
- Brick building constructed in 1952
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,245
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,900
$424.9K
Cap Rate 7%
$303,500
$303.5K
Cap Rate 9%
$236,056
$236.1K
Market Conditions
NOI Build-Up for 1,455 SF
Gross rent
$36.3K $24.96/SF
− Vacancy
−$8.0K −$5.49/SF
EGI
$28.3K $19.47/SF
− OpEx
−$7.1K −$4.87/SF
NOI
$21.2K $14.60/SF
Area
Sullivan County, TN
Vacancy
22.00%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$424,900
Cap Rate 7%
$303,500
Cap Rate 9%
$236,056
Alternative Uses
Best Use
Office B
$303.5K
$265.6K – $354.1K
NOI $21,245 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$544.9K
$476.8K – $635.7K
NOI $38,141 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
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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
$177,800
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Sullivan County, TN
Properties on Market for Office buildings in Sullivan County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - P-1 zoning supports commercial office and professional use with public utilities.
Where is this office building located?
The property is located at Stone W Drive Kingsport, TN.
What is the asking price?
The asking price for this property is $697,000.
What are key features of this property?
This property features: 1,455 square feet of office space on a 0.48‑acre lot; P‑1 zoning for commercial office and professional use; Brick building constructed in 1952
