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    Property profile & analytics

    1024 S Wilcox Dr Kingsport, TN 37660

    • Retail space
    • 4,134 SF
    • 76.00 lot acres
    For Sale
    View listing
    $329,900
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1044025
    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.

    Current Use by Public Records

    • Tennessee Tanning / Tanning Salon

    Property Details for 1024 S Wilcox Dr

    Year built
    1950
    Lot size
    76.00 lot acres
    Property size
    4,134 SF
    Zone code
    M-1
    Property type
    Retail space
    APN
    082061P A 03400
    APU
    082061PA03400

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5611
    Latitude
    36.5229
    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
    $17,320
    $44,840
    $62,160
    -
    $43,300
    $112,100
    $155,400

    Comparable in this City

    • Value Estimation by Request
      960 SF

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      1209 Bloomingdale Pike, Kingsport, TN 37660-2621
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    • Value Estimation by Request
      9,792 SF

      2204 Bloomingdale Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,792 SF
      2204 Bloomingdale Rd, Kingsport, TN 37660-1767
      View Details
    • Value Estimation by Request
      8,507 SF

      620 Boone St

      RETAIL STORES (PERSONAL SERVICES) • 8,507 SF
      620 Boone St, Kingsport, TN 37660-4414
      View Details
    • Value Estimation by Request
      2,115 SF

      1401 Bridgewater Ln

      RETAIL STORES (PERSONAL SERVICES) • 2,115 SF
      1401 Bridgewater Ln, Kingsport, TN 37660-4164
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    • Value Estimation by Request
      720 SF

      144 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 720 SF
      144 Broad St, Kingsport, TN 37660
      View Details
    • Value Estimation by Request
      11,250 SF

      139 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 11,250 SF
      139 Broad St, Kingsport, TN 37660-4201
      View Details

    Similar Nearby for Sale

    • $450,000
      4,430 SF

      Versatile Commercial Property in Kingsport

      Mixed-use property with income potential in downtown Kingsport.
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    • $239,900
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      Kingsport Commercial Opportunity For Sale

      Commercial property suited for bar, restaurant, or retail use.
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    • $1,265,000
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      High Visibility Kingsport Commercial Property

      Mixed-use investment or owner-operator opportunity in a busy business district.
      733 W Stone Dr, Kingsport, TN 37660
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    • New
      $199,900
      1,760 SF

      Kingsport Mixed-Use Commercial Property

      Mixed-use property in downtown Kingsport with high-traffic visibility.
      343 E Sullivan St, Kingsport, TN 37660
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    • $750,000
      2,210 SF

      Kingsport Retail Investment

      High-yield NNN storefront, 7-year lease
      1526 Stone Dr, Kingsport, TN 37660
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    • $619,000

      Downtown Kingsport Mixed-Use Property

      Fully leased commercial units and residential loft in downtown Kingsport.
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    Similar Nearby for Lease

    • $4,875 /Mo
      4,875 SF

      Downtown Kingsport Retail Space Available

      Retail space in downtown Kingsport with tenant improvement opportunities.
      449 E Market St, Kingsport, TN 37660
      View Details
    • Contact for pricing
      5,280 SF

      Retail Space Available For Rent

      Up to 27000 sq. ft. retail space available.
      4300 W Stone Dr, Kingsport, TN 37660
      View Details
    • $1,198 /Mo
      1,250 SF

      Kingsport Retail Space For Lease

      High-visibility retail space available on W Stone Dr.
      733 W Stone Dr, Kingsport, TN 37660
      View Details
    • Contact for pricing
      22,741 SF

      Retail Space in Kingsport Center

      Retail space available in a high-traffic shopping center.
      1171-1197 N Eastman Rd, Kingsport, TN 37660
      View Details
    • $1,650 /Mo
      1,609 SF

      Kingsport Commercial Space For Rent

      Commercial space with plumbing, ideal for salons or medical offices.
      2908 Bloomingdale Rd, Kingsport, TN 37660
      View Details
    • $949 /Mo
      500 SF

      Kingsport Retail Space For Lease

      Retail spaces available with storefront and included utilities in Kingsport.
      244 E Center St, Kingsport, TN 37660
      View Details
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    1024 S Wilcox Dr
    Kingsport, TN 37660
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    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
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