Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Wilcox Dr And Jan Way Kingsport, TN 37660

    • Office Properties & Spaces
    • 2.10 lot acres
    For Sale
    View listing
    $399,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 0 Wilcox Dr And Jan Way

    Lot size
    2.10 lot acres
    Property type
    Office Properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 2.1-acre corner lot, located at the intersection of Wilcox Drive and Jan Way in Kingsport, Tennessee, presents a remarkable development opportunity. Zoned B-3 General Business, this property offers unparalleled versatility for a range of commercial ventures. Its ideal location provides easy access to Interstate 26 (Exit 3 within 1 mile), the Meadowview area, Eastman Chemical Company headquarters, and downtown Kingsport (within 2 miles). The lot is nicely cleared and level, simplifying development plans. The property's size and zoning make it suitable for various uses, including service businesses, convenience stores, small professional offices, or specialty retail establishments. With its strategic location and significant acreage, this property represents a compelling investment opportunity in a thriving Kingsport commercial district. The property's APN is 082 076A C 00400 000 2017 and is situated in Sullivan County, Tennessee, zip code 37660. The asking price is $399,000. This is a rare opportunity to acquire a well-situated, ready-to-develop parcel in a high-demand area. Don't miss out on this chance to establish your business in a prime Kingsport location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5622
    Latitude
    36.5183

    Comparable in this City

    • Value Estimation by Request
      13.40 Acres

      Shady View Rd

      Land • 13.40 Acres
      0 Shady View Rd, Kingsport, TN 37660
      View Details
    • Value Estimation by Request
      1.09 Acres

      4810 Us-11W

      Land • 1.09 Acres
      4810 Us-11W, Kingsport, TN 37660
      View Details
    • Value Estimation by Request
      3.22 Acres

      Riverport Rd Lot

      Land • 3.22 Acres
      0 Riverport Rd Lot, Kingsport, TN 37660
      View Details
    • Value Estimation by Request
      9.40 Acres

      Stone Dr And Cleek Rd

      Land • 9.40 Acres
      0 Stone Dr And Cleek Rd, Kingsport, TN 37660
      View Details
    • Value Estimation
      $365,000
      3,051 SF

      4241 Sullivan Gdns Dr

      OFFICE (GENERAL) • 3,051 SF
      4241 Sullivan Gdns Dr, Kingsport, TN 37660-7742
      View Details
    • Value Estimation
      $370,000
      5,704 SF

      223 Broad St

      OFFICE (GENERAL) • 5,704 SF
      223 Broad St, Kingsport, TN 37660-4203
      View Details

    Similar Nearby for Sale

    • $399,000
      2.10 Acres

      Kingsport Industrial Land - $399K

      2-Acre Corner Lot, Prime Location
      0 Wilcox Dr And Jan Way, Kingsport, TN 37660
      View Details
    • $1,720,000
      13,480 SF

      Mixed-Use Building in Downtown Kingsport

      Mixed-use building for sale or lease in downtown Kingsport.
      151 E Main St, Kingsport, TN 37660
      View Details
    • $2,000,000
      2.66 Acres

      Kingsport Commercial Land & Building

      Restaurant Building, 2.66 Acres, High Growth Area
      2539 Stone Dr, Kingsport, TN 37660
      View Details
    • $159,000

      Land For Sale Kingsport

      Land available for sale in Kingsport, Tennessee.
      4528 W Stone Dr, Kingsport, TN 37660
      View Details
    • $1,150,000
      45.00 Acres

      Kingsport Commercial Land - 45 Acres

      Prime Kingsport commercial land, ideal for development.
      2440 John B Dennis Hwy, Kingsport, TN 37660
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      38,304 SF

      Kingsport Centre: Prime Office Space

      Historic Downtown Kingsport Office & Retail
      108 Main St, Kingsport, TN 37660
      View Details
    • $10 SF/Yr
      11,880 SF

      Kingsport Coworking Office Space

      Downtown Kingsport: Flexible Office Suites
      201 Market St, Kingsport, TN 37660
      View Details
    • $20 SF/Yr
      26,877 SF

      Jennings Farm Retail Space

      Kingsport, TN Retail Opportunity
      2400 Stone Dr, Kingsport, TN 37660
      View Details
    • $11 SF/Yr
      7,134 SF

      Kingsport Office Suites for Lease

      Prime Kingsport Office Space Available
      1999 Stone Dr, Kingsport, TN 37660
      View Details
    • $11 SF/Yr
      23,410 SF

      Times Square Shopping Center - Kingsport

      Prime Kingsport Retail/Office Space Available
      1001 Stone Dr, Kingsport, TN 37660
      View Details
    • $10 SF/Yr
      44,503 SF

      West Park Medical Office Suites

      Kingsport, TN medical office space available.
      105 Park Dr, Kingsport, TN 37660
      View Details
    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.
    Wilcox Dr And Jan Way
    Kingsport, TN 37660
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.