Property profile

116 Market St Kingsport, TN 37660

OFF-MARKET
Retail space
Property ID
US80-0421721
10,500 SF 50 ac lot Built 1920
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 10,500 SF
Lot 50 ac (2,178,000 SF)
APN 082046P B 03200
UPID US80-0421721

Cap rate & NOI

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

Location

116 Market St Kingsport, TN 37660-4259
Kingsport metro Census 40200 KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.08M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.08M

Owner & transaction history

since 2024
Last sale
$1.1M
2 recorded transactions
2024
$1.1M
2006
$73,000

Zoning & alternative use

Top alternative use upside
Medical building $1.4M +84.8%
Commercial (general) $1.0M +40.3%
Auto repair, garage $825,000 +11.6%

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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