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Financial
Distress signals
Property profile

308 E Sullivan St Kingsport, TN 37660

FOR SALE
Other office properties
Property ID
US80-1916887
3,150 SF 27 ac lot Built 1920
Last sale Nov 2005 · $50,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A three-unit condo property in downtown Kingsport, Tennessee, located within a historic building and totaling approximately 2,969 square feet. The units have been remodeled and the building features a new roof. The property is configured to support short-term rental use and can also be utilized for long-term leasing, with each unit designed for a self-contained living arrangement that provides a degree of privacy while maintaining proximity to downtown amenities.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2023$35k
Assessed land$1k
Assessed improvement$34k

Value estimate

· Oct 2026
$65k
$59k – $72k
AI approach$150k
NOI build-up
Gross scheduled income$34k
Vacancy & credit loss−$2k
Operating expenses−$9k
NOI · 4.43% cap applied$22k

Realmo valuation models over county records and 20 qualifying comparable sales.

Recently sold

What actually traded nearby?
$99/SF
ZIP average, outlier-cleaned · 97 recorded sales of this use type
Observed band · Q1–Q3$41 – $180
Qualifying comparables20

Cap rate analysis

How does the asset earn?
4.43%
$22k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSULLIVAN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.4
Garden Center9.3
Convenience Store8.9

Location

308 E Sullivan St Kingsport, TN 37660
County assessor Recorded deeds · 7 transfers 20 qualifying comp sales Zoning catalog · not on file

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 nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1258 Ctr, Kingsport, TN 37660-4947 $240,000 Jul 2024 2,162 SF
203 Cherokee, Kingsport, TN 37660 $95,000 Jan 2024 4,264 SF
310 Sullivan, Kingsport, TN 37660-4404 $10,000 Aug 2023 3,510 SF
434 Shelby, Kingsport, TN 37660-3620 $33,187 Jun 2023 2,888 SF
243 Market, Kingsport, TN 37660-4324 $235,000 Apr 2023 2,375 SF
1901 Brookside, Kingsport, TN 37660-4617 $238,000 Apr 2023 2,304 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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