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    1209 West Shipley Ferry Rd Kingsport, TN 37663
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    1209 West Shipley Ferry Rd Kingsport, TN 37663

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    • Commercial real estate
    • 3,670 SF
    • 1.56 lot acres
    For Sale
    $299,900
    View Listing →
    Kingsport Office Building with Expansion For Sale
    $299,900
    3,670 SF

    Kingsport Office Building with Expansion

    Modern 3,670 SF office building with room to grow.

    1209 West Shipley Ferry Road, Kingsport, TN 37663
    View Listing
    Property ID
    US80-1287364
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • R A Hicks School of Music / Tutoring Service
    • Château of Serenity massage studio / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 1209 West Shipley Ferry Rd

    Lot size
    1.56 lot acres
    Property size
    3,670 SF
    Property type
    Commercial real estate

    Description

    This exceptional 3,670 square foot executive office building presents a compelling investment opportunity in Kingsport, Tennessee. Located at 1209 W Shipley Ferry Rd, this Class C property sits on a spacious 1.56-acre wooded lot, offering a tranquil and productive work environment. The two-story building boasts ample parking for employees and clients, ensuring convenient access and a positive first impression. Its prime location along West Shipley Ferry Road provides excellent visibility, attracting potential clients and enhancing the property's overall appeal. The versatile layout is adaptable to various office configurations, allowing for customization to meet specific business needs. With room for potential expansion, this property offers significant growth opportunities for future development. The property's proximity to local businesses and amenities further enhances its desirability, providing employees with convenient access to essential services and resources. This is an ideal choice for owner-occupancy or as a lucrative investment, offering a blend of serenity, functionality, and strategic location within the thriving Kingsport area. The absence of city taxes adds to the financial attractiveness of this exceptional property. This is a rare opportunity to acquire a well-situated, versatile office building with significant potential for return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.4925291
    Latitude
    36.4724468

    Comparable in this City

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      37,690 SF

      Kingsport Office Buildings For Sale

      Two connected office buildings totaling 37,690 SF on 4.73 acres.
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      13,500 SF

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      Kingsport Industrial Flex Space

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    • $299,900
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      Kingsport Office Building with Expansion

      Modern 3,670 SF office building with room to grow.
      1209 West Shipley Ferry Rd, Kingsport, TN 37663
      View Details
    • Contact for pricing

      I-26 & I-81, Kingsport, TN 37663

      Commercial land
      I-26 & I-81, Kingsport, TN 37663
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      37,690 SF

      Kingsport Office Buildings For Sale

      Two connected office buildings totaling 37,690 SF on 4.73 acres.
      10431 Wallace Alley St, Kingsport, TN 37663
      View Details
    • Contact for pricing
      37,690 SF

      Kingsport Office Buildings For Sale

      Two connected office buildings totaling 37,690 SF on 4.73 acres.
      10431 Wallace Alley St, Kingsport, TN 37663
      View Details
    • Contact for pricing
      13,500 SF

      Versatile Commercial Building on 3.59 Acres

      Fenced 3.59-acre property with 14,000 sq. ft. commercial building.
      1251 Montvue Rd, Kingsport, TN 37663
      View Details
    • $1,350,000
      8,000 SF

      Kingsport Industrial Flex Space

      8,000 SqFt industrial flex space with 5.88% CAP rate.
      10384 Wallace Alley St, Kingsport, TN 37663
      View Details
    • $299,900
      3,670 SF

      Kingsport Office Building with Expansion

      Modern 3,670 SF office building with room to grow.
      1209 West Shipley Ferry Rd, Kingsport, TN 37663
      View Details
    • Contact for pricing

      I-26 & I-81, Kingsport, TN 37663

      Commercial land
      I-26 & I-81, Kingsport, TN 37663
      View Details

    Similar Nearby for Lease

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      Kingsport Commercial Space For Rent

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      Restaurant Building in Retail Corridor

      4,200 SF former restaurant in high-traffic retail area.
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      8,000 SF

      Industrial Space Secured by NNN

      8,000 SF industrial space with NNN lease in Kingsport.
      10384 Wallace Alley St, Kingsport, TN 37663
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    View Listing
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    Kingsport, TN 37663
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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