Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1000 Jericho Dr Kingsport, TN 37663
    Back to Search
    Property profile & analytics

    1000 Jericho Dr, Kingsport, TN 37663

    View on Map
    • Grocery and convenience stores
    • 1,056 SF
    • 3.83 lot acres
    For Sale
    $2,100,000
    View Listing →
    Prime Corner Parcel Near I-81 For Sale
    $2,100,000
    3.80 Acres

    Prime Corner Parcel Near I-81

    3.8 acre commercial land parcel with high visibility.

    1000 Jericho Dr, Kingsport, TN
    View Listing
    Property ID
    US80-0665274
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Truck Park (K-Town) / Parking Lot & Garage

    Property Details for 1000 Jericho Dr

    Year built
    1989
    Lot size
    3.83 lot acres
    Property type
    Grocery and convenience stores
    APN
    082078 09852
    APU
    8207809852

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.4315
    Latitude
    36.5095
    CBSA code
    28700
    CBSA name
    KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $147,560
    $9,120
    $156,680
    -
    $368,900
    $22,800
    $391,700

    Comparable in this City

    • Value Estimation
      $675,000
      4,665 SF

      Flagship Dr

      GROCERY, SUPERMARKET
      Flagship Dr, Kingsport, TN 37663
      View Details
    • Value Estimation by Request
      1,120 SF

      4720 Ft Henry Dr

      GROCERY, SUPERMARKET
      4720 Ft Henry Dr, Kingsport, TN 37663-3345
      View Details
    • Value Estimation by Request
      3,040 SF

      4101 Ft Henry Dr

      GROCERY, SUPERMARKET
      4101 Ft Henry Dr, Kingsport, TN 37663-2225
      View Details
    • Value Estimation
      $840,000
      5,896 SF

      4222 Ft Henry Dr

      GROCERY, SUPERMARKET
      4222 Ft Henry Dr, Kingsport, TN 37663-2228
      View Details
    • Value Estimation
      $555,000
      2,325 SF

      4121 Ft Henry Dr

      GROCERY, SUPERMARKET
      4121 Ft Henry Dr, Kingsport, TN 37663-2224
      View Details
    • Value Estimation by Request
      2,790 SF

      4065 Ft Henry Dr

      GROCERY, SUPERMARKET
      4065 Ft Henry Dr, Kingsport, TN 37663-2027
      View Details

    Similar Nearby for Sale

    • $1,299,000
      9,000 SF

      Kingsport Commercial Property For Sale

      High-visibility commercial property with versatile building and highway access.
      1251 Montvue Rd, Kingsport, TN 37663
      View Details
    • Contact for pricing
      13,500 SF

      Versatile Commercial Building on 3.59 Acres

      Fenced 3.59-acre property with 13,500 sq. ft. commercial building.
      1251 Montvue Rd, Kingsport, TN 37663
      View Details
    • Contact for pricing
      10,000 SF

      Multi-Use Property Near Tri-Cities Airport

      12.73-acre property with warehouse, office, residential, and outdoor storage.
      3460 Highway 75, Kingsport, TN 37663
      View Details
    • Contact for pricing
      1,750 SF

      Profitable Laundromat Business & Property

      Established laundromat business with real property for sale.
      4117 Fort Henry Dr, Kingsport, TN 37663
      View Details
    • $949,000
      7.69 Acres

      Highway 75 Commercial Opportunity

      Income-producing commercial property on Highway 75 in Kingsport, Tennessee.
      3460 Tn-75, Kingsport, TN 37663
      View Details
    • $1,750,000
      6.19 Acres

      Kingsport Commercial Property on 6.19 Acres

      High-visibility commercial property with two buildings near Interstate 81.
      1245/1251 Montvue Rd, Kingsport, TN 37663
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo

      Gated Commercial Lot in Kingsport

      Gated commercial lot ideal for storage, near I-26 and I-81.
      644 Eastern Star Road Ext, Kingsport, TN 37663
      View Details
    • Contact for pricing

      Restaurant Building in Retail Corridor

      4,200 SF former restaurant in high-traffic retail area.
      4250 Fort Henry Dr, Kingsport, TN 37663
      View Details
    • $1,295,000
      8,000 SF

      Kingsport Industrial Space For Lease

      8,000 SF industrial space with NNN lease through August 2028.
      10384 Wallace Alley St, Kingsport, TN 37663
      View Details
    View Listing
    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.
    1000 Jericho Dr
    Kingsport, TN 37663
    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

    Thank You for Inquiry
    1000 Jericho Dr, Kingsport, TN, 37663
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!