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Property profile & analytics
OFF-MARKET
Estimated value
$2,415,000
Medical Office Space
117 Sevier Ave, Kingsport, TN 37660-3799
Entity Owned
Free & Clear
Property ID
US80-0451585
Property summary
AI-generated overview
This well-maintained Class B medical office building, Sevier Center, offers a fantastic opportunity for medical practices seeking space within the Ballad Health Holston Valley Medical Center campus. Located at 117 West Sevier Ave, Kingsport, TN 37660, this property boasts convenient access to major highways and a high-traffic area. The building totals 28,571 square feet and comprises four suites, with ample on-site parking available for patients and staff. Currently, 18,157 square feet of space is available, offering flexibility for various practice sizes. Individual suites range from a minimum of 1,006 square feet to a maximum contiguous space of 8,771 square feet, catering to a variety of needs. The building's location within the medical center campus provides excellent synergy and visibility for medical professionals. This is an exceptional opportunity to establish or expand your medical practice in a thriving Kingsport community. The property is situated in Kingsport County, Tennessee, offering a strategic location for medical services. All necessary amenities for a successful medical practice are readily available.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,571 SF
Lot
327 ac (14,244,120 SF)
APN
082046H P 02200
UPID
US80-0451585
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
-
Amanda Light Physician
-
Sallie Lively, NP Physician
-
Sevier Center Corporate Office
-
Ballad Health Medical Associates Diabetes & Endocrinology Medical Clinic
-
Mc Donald Donna J Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$2.42M
Owner & transaction history
Industrial Dev Brd Of City Of Kings
Industrial Dev Brd Of City Of Kings
since 2026
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,715,000
Current use
Blend value · Realmo final
$2.42M
Range $2.17M – $2.66M · ±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
$85 / 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
$996,880
Assessed 2023
Previous assessed
$996,880
+0.0% YoY
Assessed land
$72,200
Assessed improvement
$924,680
Land market value
$180,500
Improvement market value
$2,311,700
Total market value
$2,492,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
13
Total area
28,571 SF
Lot
327 ac (14,244,120 SF)
APN
082046H P 02200
UPID
US80-0451585
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
MEDICAL BUILDING Current
Est. value
$3.7M
MEDICAL BUILDING Current
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
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
13
Lot
327 ac
Current owner
From public records · entity-resolved
Industrial Dev Brd Of City Of Kings
Entity
Free & Clear · 0 yrs held
Mailing address
11780 US HWY 1ST STE #305, NORTH PALM BEACH, FL 33408-3042
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
—
Industrial Dev Brd Of City Of Kings
Wellmont Health System
Quitclaim Deed
related
—
Mar 12, 2025
—
Aw Sevier Center LLC
Capital One
Deed
—
Mar 6, 2025
—
Industrial Dev Brd Of City Of Kings
Aw Sevier Center LLC
Special Warranty Deed
—
Nov 1, 2024
—
Wellmont Health System
—
Deed
related
$162,180,000 · Aw Sevier Centrer LLC
May 27, 2021
$5,000,000
Aw Servier Center LLC
Hta Mountain Empire LLC
Special Warranty Deed
$55,530,000 · Capital One Bank NA
May 27, 2021
—
We Sevier Center LLC
—
Deed
related
$55,530,000 · Capital One Bank NA
Sep 12, 2008
$2,050,000
G & E Healthcare Reit
Owner,record
Warranty Deed
related
—
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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