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Property profile & analytics
FOR LEASE
Commercial real estate

1001 E Stone Dr Kingsport, TN 37660

25,282 SF 3.82 ac lot Built 1986
Individually Owned 3-yr Hold Free & Clear
Property ID
US80-1703228
Property summary
AI-generated overview

This exceptional Kingsport, Tennessee property, Times Square Shopping Center, offers a unique investment opportunity. Located at 1001 E Stone Dr, Kingsport, TN 37660, this single-story, 23,410 square foot building sits on a 3.82-acre lot. Built in 1986, the property is zoned B-3 and features a convenient strip center design with multiple tenancies. Currently, two spaces are available for lease, ranging from 1,565 to 5,012 square feet, ideal for a variety of retail or office uses. The center enjoys a high-traffic location across from The Home Depot on East Stone Drive, a major retail corridor approximately one mile from the Eastman Road intersection. High visibility is ensured by a prominent pylon sign. Employee parking is conveniently located behind the building. Access from I-26 is straightforward: take exit 1 and travel east on E Stone Drive for approximately 2.7 miles

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 25,282 SF
Lot 3.82 ac (166,399 SF)
APN 082046F A 00600
UPID US80-1703228
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Plato's Closet - Kingsport, TN Clothing & Fashion Store
  • 1st Franklin Financial Loan Service
  • Planet Vapor (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • CBD Plus USA (Bike/Boat/Book/etc) Store
  • Moto Japanese Restaurant Stone Drive Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.38M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.99M
Blend (final) Blend
$1.43M
Owner & transaction history
David Saylor · 3 yrs held
David Saylor
since 2022
Last sale
$1.5M
5 recorded transactions
2022
$1.5M
2015
Price N/A
2014
Price N/A
2002
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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