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Property profile & analytics
FOR SALE
Office Spaces

10431 Wallace Alley St Kingsport, TN 37663

20,653 SF 4.73 ac lot Built 2003
Entity Owned 19-yr Hold Free & Clear
Property ID
US80-0572305
Property summary
AI-generated overview

This exceptional Kingsport, Tennessee office complex presents a unique investment opportunity. Two connected buildings, totaling 37,690 square feet, are situated on a 4.73-acre lot zoned MX (Mixed-Use District). Building A, at 18,398 square feet, features a large lobby with reception, 17 offices, a spacious open work area, a large training room with a folding partition, four conference rooms, a sizable break room, a small kitchenette, and a gym with separate men's and women's dressing rooms. Building B, encompassing 19,292 square feet, includes an entry vestibule and lobby, five offices, multiple large open work areas, a break room, two conference rooms, and a high-ceiling warehouse area with a roll-up drive-in door. A significant asset is the 313 kW Cummins diesel generator, ensuring reliable power. Both buildings boast wet sprinkler systems and ample parking is provided, with convenient access via two points of ingress and egress. The property is conveniently located near the Tri-Cities Airport, easily accessible from I-81 via exit 63. The asking price for this Class B property, built in 2003 and 2006, is $5,200,000. This is an owner/user opportunity with significant potential. The property's address is 10431 Wallace Alley St, Kingsport, TN 37663. The Sullivan County location and ample space make this a compelling investment.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2003
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,653 SF
Lot 4.73 ac (206,039 SF)
APN 082094 00925
UPID US80-0572305
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
  • Bank of Tennessee Operations Center Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.79M
Comparable Approach Comparable
$2.30M
Blend (final) Blend
$2.49M
Owner & transaction history
Bank Of Tennessee · 19 yrs held
Bank Of Tennessee
since 2007
1 recorded transaction
2007
$2.1M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $2.7M +94.0%
Retail stores $1.5M +11.3%
Auto repair, garage $1.5M +9.0%
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