Entity Owned Property summary
This exceptional 8,800 square foot commercial property at 2020 E Center Street, Kingsport, TN, presents a remarkable investment opportunity. Situated on a 0.09-acre lot, this historic building, formerly known as the Palmer Building, boasts a rich history and a proven track record as a highly successful apartment complex. Currently operating at 100% occupancy nearly year-round, the property generates a substantial $6,700 in monthly rental income ($80,400 annually). The eleven units comprise… one two-bedroom, one-bathroom unit and ten one-bedroom, one-bathroom units, totaling twelve bedrooms and eleven bathrooms. All units are currently occupied. Its prime location offers unparalleled convenience, within walking distance of Dobyns-Bennett High School and minutes from the amenities of East Stone Drive. The versatile space is ideal for a variety of uses, including office spaces, restaurants, or other commercial ventures. The property benefits from the owner paying all utilities, and there are no HOA or CAM fees. Detailed rent rolls and expense reports are available upon request. This turnkey investment offers excellent cash flow with significant potential for increased returns through future improvements. Don't miss this chance to acquire a high-performing asset in a desirable Kingsport location. The asking price is $449,900.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar in This City for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 8,800 SF
- Lot area
- 25 ac
- Year built
- 1920
- Stories
- 1
- APN
- 082061D E 01300
- Assessed value · 2023
- $79,080
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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