Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    137 Regional Park Dr Kingsport, TN 37660-7455
    Back to Search
    Property profile & analytics

    137 Regional Park Dr, Kingsport, TN 37660-7455

    View on Map
    • Manufacturing properties
    • 37,929 SF
    • 9.50 lot acres
    Off-Market
    Last Sale May 21, 2021
    $31,500
    Property ID
    US80-3436216
    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
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Eastman Bld. P1 / Industrial Manufacturer / Production Facility

    Property Details for 137 Regional Park Dr

    Year built
    1987
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    9.50 lot acres
    Property type
    Manufacturing properties
    APN
    082091A B 01400
    APU
    082091AB01400

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 21, 2024 — Gerald M O'connor JR — Deed · related $3.3M · Bank Of Tennessee
    Mar 9, 2022 — Gerald M O'connor JR — Deed · related $1.5M · Bank Of Tennessee
    May 21, 2021 — Gerald M O'connor Gerald M O'connor Intrafamily Transfer · related —
    Dec 2, 2020 — Gerald M O'connor JR. — Deed · related $900k · Bank Of Tennessee
    Jan 7, 2019 — Gerald M O'connor JR — Deed · related $287k · Carter Cnty Bk
    Oct 4, 1994 $31,500 Pro Clean Supply & Service Unknown, Grant Deed —
    Oct 3, 1994 $31,500 Pro Clean Supply & Service Unknown, Grant Deed $125k · First American National Bank
    — — Gerald M O'connor JR. — Deed Of Trust · related $900k · Carter County Bank
    — — Gerald M O'connor JR — Loan Modification · related $287k · Carter Cnty Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $590,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $729,000
      Market price range: $185k - $974k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $600,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5613
    Latitude
    36.494
    CBSA code
    28700
    CBSA name
    KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $138,120
    $678,840
    $816,960
    -
    $345,300
    $1,697,100
    $2,042,400

    Comparable in this City

    • Value Estimation by Request
      8,352 SF

      Landfill Access Rd

      MANUFACTURING (LIGHT)
      Landfill Access Rd, Kingsport, TN 37660
      View Details
    • Value Estimation
      $1,720,000
      148,998 SF

      Warrick Dr

      MANUFACTURING (LIGHT)
      Warrick Dr, Kingsport, TN 37660
      View Details
    • Value Estimation by Request
      13,500 SF

      2009 Independence Way

      MANUFACTURING (LIGHT)
      2009 Independence Way, Kingsport, TN 37660-4757
      View Details
    • Value Estimation
      $2,660,000
      161,884 SF

      Cir Dr

      MANUFACTURING (LIGHT)
      Cir Dr, Kingsport, TN 37660
      View Details
    • Value Estimation by Request
      2,117 SF

      312 Sullivan St

      MANUFACTURING (LIGHT)
      312 Sullivan St, Kingsport, TN 37660
      View Details
    • Value Estimation
      $4,365,000
      276,124 SF

      400 Clinchfield St

      MANUFACTURING (LIGHT)
      400 Clinchfield St, Kingsport, TN 37660-3687
      View Details

    Similar Nearby for Sale

    • $174,900
      1,760 SF

      Kingsport Commercial Property on Sullivan

      Mixed-use property with high visibility in downtown Kingsport.
      343 E Sullivan St, Kingsport, TN 37660
      View Details
    • Contact for pricing

      Kingsport Office, Showroom, Warehouse Facility

      17,600 SF office, showroom, and warehouse on 1.8 acres.
      3349 E Stone Dr, Kingsport, TN 37660
      View Details
    • Contact for pricing
      27,655 SF

      Prime Commercial Property For Sale

      Commercial property with warehouse and office space, available January 2026.
      1551 S Wilcox Dr, Kingsport, TN 37660
      View Details
    • Contact for pricing
      312 SF

      Kingsport Commercial Property on Thoroughfare

      Prime commercial property with spacious building and high visibility.
      2100 Stone Dr, Kingsport, TN 37660
      View Details
    • Contact for pricing
      8,129 SF

      Riverside Hospitality and Flex Opportunity

      Two buildings on Kingsport's Holston River corridor.
      1833-1837 Netherland Inn Rd, Kingsport, TN 37660
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Downtown Kingsport Mixed-Use Asset

      Historic 17,750 SF mixed-use building in revitalized downtown Kingsport.
      215 Commerce St, Kingsport, TN 37660
      View Details
    • New
      $14 SF/Yr
      3,000 SF

      Kingsport Commercial Building For Lease

      Freestanding commercial building with high visibility and flexible space.
      2717 E Stone Dr, Kingsport, TN 37660
      View Details
    • $1,800 /Mo
      1,800 SF

      Downtown Kingsport Commercial Space Available

      1800 SF commercial space with roll-up doors in Kingsport.
      422 E Market St, Kingsport, TN 37660
      View Details
    • $1,750,000
      Pending

      Kingsport Commercial Property For Lease

      Commercial property with warehouse and office space, available January 2026.
      1551 S Wilcox Dr, Kingsport, TN 37660
      View Details
    • $4,500 /Mo
      6,000 SF

      Kingsport Commercial Space For Lease

      Versatile 6,000 SF commercial building for lease in Kingsport.
      1904 Brookside Dr, Kingsport, TN 37660
      View Details
    • Contact for pricing
      9,009 SF

      Downtown Kingsport Office/Flex Space

      Office and flex space in downtown Kingsport for lease.
      320 W Center St, Kingsport, TN 37660
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    137 Regional Park Dr
    Kingsport, TN 37660-7455
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    137 Regional Park Dr, Kingsport, TN, 37660
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!