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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Office Spaces
111 Frd Ave Kingsport, TN 37663-2368
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1028519
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1993
Total area
5,766 SF
Lot
0.77 ac (33,502 SF)
APN
082092K E 01010
UPID
US80-1028519
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
-
John Folsom at Keller Williams Kingsport Real Estate Agency
-
Rachel Coomer Keller Williams Kingsport Real Estate Agency
-
Joe C Johnson Auctions - Keller Williams Kingsport Real Estate Agency
-
Melanie Trinkle Realtor at Keller Williams Real Estate Agency
-
Paige Scott Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$320k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$452k
Blend (final)
Blend
$515k
Owner & transaction history
Greater Johnson City Realty LLC · 3 yrs held
Greater Johnson City Realty LLC
since 2023
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$750,000
+94.0%
Retail stores
$430,000
+11.3%
Auto repair, garage
$420,000
+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
by Request
ML approach
$320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$385,000
Current use
MEDICAL BUILDING
$750,000
Change: +94% · Conversion: Easy
RETAIL STORES
$430,000
Change: +11% · Conversion: Easy
AUTO REPAIR, GARAGE
$420,000
Change: +9% · Conversion: Difficult
WAREHOUSE, STORAGE
$330,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10%
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
$89 / 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
$180,080
Assessed 2023
Previous assessed
$180,080
+0.0% YoY
Assessed land
$17,600
Assessed improvement
$162,480
Land market value
$44,000
Improvement market value
$406,200
Total market value
$450,200
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
1993
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
4
Total area
5,766 SF
Lot
0.77 ac (33,502 SF)
APN
082092K E 01010
UPID
US80-1028519
Jurisdiction
SULLIVAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$385,000
MEDICAL BUILDING
Est. value
$750,000
RETAIL STORES
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$420,000
WAREHOUSE, STORAGE
Est. value
$330,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1993
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
0.77 ac
Current owner
From public records · entity-resolved
Greater Johnson City Realty LLC
Entity
Mailing address
111 FRD AVE, KINGSPORT, TN 37663-2368
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2023
—
Greater Johnson City Realty LLC
Aaron Taylor
Quitclaim Deed
related
—
Apr 30, 2018
—
Greater Johnson City Realty Ll
Greater Kingsport Realty LLC
Quit Claim Deed
related
$169,881 · Bank Of Tennessee
Apr 13, 2018
—
Greater Johnson City Realty Ll
—
Deed
related
$169,881 · Bank Of Tennessee
Feb 6, 2018
—
Greater Kingsport Realty LLC
Woodard,bennett & John M
Quit Claim Deed
related
—
May 12, 2017
—
Greater Kingsport Realty LLC
—
Deed
related
$185,300 · Bank Of Tennessee
Apr 13, 2017
—
Greater Kingsport Realty LLC
Johnson,joe
Quit Claim Deed
related
—
Mar 8, 2005
$310,000
Brooks Family
Owner,record
Warranty Deed
related
—
—
—
Greater Kingsport Realty LLC
—
Deed Of Trust
related
$185,300 · Bank Of Tennessee
—
—
Greater Johnson City Realty
—
Loan Modification
related
$169,881 · Bank Of Tennessee
—
—
Greater Johnson City Realty Ll
—
Loan Modification
related
$169,881 · Bank Of Tennessee
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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