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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Office Spaces
10376 Wallace Aly St Kingsport, TN 37663-3935
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1459290
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Total area
10,112 SF
Lot
1.26 ac (54,886 SF)
Zoning code
R-1
APN
082094 00990
UPID
US80-1459290
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
-
Belt Tech Inc. Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$675k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$575k
Owner & transaction history
Kinetic Ventures Group LLC · 3 yrs held
Kinetic Ventures Group LLC
since 2023
Last sale
$500,000
6 recorded transactions
Zoning & alternative use
R-1 · Kingsport, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$755,000
+11.3%
Auto repair, garage
$740,000
+9.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kingsport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingsport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$620,000
ML approach
$675,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$680,000
Current use
RETAIL STORES
$755,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$740,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$580,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $500k (Apr 21 2020)
Last sale anchor
$500k
Apr 21 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$57 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$217,640
Assessed 2023
Previous assessed
$217,640
+0.0% YoY
Assessed land
$38,040
Assessed improvement
$179,600
Land market value
$95,100
Improvement market value
$449,000
Total market value
$544,100
Applied tax rate
82.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1996
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
2
Total area
10,112 SF
Lot
1.26 ac (54,886 SF)
Zoning code
R-1
APN
082094 00990
UPID
US80-1459290
Jurisdiction
SULLIVAN
Zoning & alternative use
R-1 · Kingsport, TN
Zoning R-1 · permitted uses
R-1 · Kingsport, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kingsport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$680,000
RETAIL STORES
Est. value
$755,000
AUTO REPAIR, GARAGE
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$580,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
1.26 ac
Current owner
From public records · entity-resolved
Kinetic Ventures Group LLC
Entity
Free & Clear · 3 yrs held
Mailing address
121 BLF CITY HWY, BRISTOL, TN 37620-4212
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
$500,000
Kinetic Ventures Group LLC
Justin Hamm
Warranty Deed
—
Apr 21, 2020
$375,000
Justin Hamm
Woods Hill Wallace Alley LLC
Special Warranty Deed
$300,000 · First Community Bank
Jan 8, 2013
—
Alice M Alexander
Alexander,gary
Quit Claim Deed
related
—
Nov 7, 2012
—
Alice Meade
Alexander,gary
Quit Claim Deed
related
—
Nov 1, 2012
—
Gary Alexander
Alexander,anne
Quit Claim Deed
related
—
Sep 1, 2011
$300,000
Gary Alexander
Industrial Dev Board Of Kingsport
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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