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105 W Park Dr Kingsport, TN 37660

Medical Office Space Google Maps
43,584 SF 1.93 ac lot Built 1990
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$690k
Range $621k – $759k (±10%)
Property ID US80-0582253

Property summary

AI-generated overview

This exceptional Class B medical office building, situated on the Ballad Health Holston Valley Medical Center campus in Kingsport, Tennessee, presents a unique investment opportunity. The property, located at 105 West Park Drive, zip code 37660, offers a total of 44,503 square feet of space, currently featuring three suites. A significant portion of the building, totaling 25,749 square feet, is currently vacant and available for lease. The flexible space caters to various medical office needs, with a minimum divisible space of 3,946 square feet and a maximum contiguous space of 11,803 square feet. The building is well-maintained and offers ample on-site parking, providing convenient access for patients and staff. Its prime location within a densely populated area ensures high visibility and accessibility, with easy access to major highways. This property is ideal for medical practices seeking a well-established presence within a thriving healthcare community. The building's flexible layout and ample square footage provide opportunities for expansion or consolidation, making it a versatile option for various medical businesses. The property is located in Sullivan County, Tennessee. This is a rare opportunity to secure a prominent location within a highly sought-after medical corridor.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1990
Total area 43,584 SF
Lot 1.93 ac (84,071 SF)
APN 082046G F 00500
UPID US80-0582253

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Medical Clinic
  • Physician
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$690k

Owner & transaction history

since 2021
6 recorded transactions
2021
$8.0M
2018
$550,000
2013
Price N/A
2008
$3.4M
1996
$40,000
1994
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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