Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1637 N Eastman Rd Kingsport, TN 37664

    • Office Properties & Spaces
    • 2,094 SF
    • 0.29 lot acres
    For Sale
    View listing
    $815,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1077412
    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.

    Current Use by Public Records

    • Shelter Insurance - Gregory Beck / Insurance Agency
    • Shelter Insurance - Tanya Collins / Insurance Agency

    Property Details for 1637 N Eastman Rd

    Year built
    1986
    Lot size
    0.29 lot acres
    Property size
    2,094 SF
    Property type
    Office Properties & Spaces
    APN
    082061D E 02300
    APU
    082061DE02300

    Description

    This exceptional 2,094 square foot commercial building presents a prime income-generating opportunity in Kingsport, TN. Situated on a 0.29-acre lot at 1637 N Eastman Road, this property boasts high visibility and significant foot traffic, ensuring maximum exposure for your business. The building's flexible configuration allows for diverse uses

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5242
    Latitude
    36.5387
    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
    $69,560
    $59,960
    $129,520
    -
    $173,900
    $149,900
    $323,800

    Comparable in this City

    • Value Estimation by Request
      156,009 SF

      Eastman Rd

      Medical space • 156,009 SF
      0 Eastman Rd, Kingsport, TN 37664
      View Details
    • Value Estimation by Request
      3,174 SF

      2809 Ctr St

      OFFICE (GENERAL) • 3,174 SF
      2809 Ctr St, Kingsport, TN 37664-2717
      View Details
    • Value Estimation
      $720,000
      7,566 SF

      1440 Rock Spgs Rd

      OFFICE (GENERAL) • 7,566 SF
      1440 Rock Spgs Rd, Kingsport, TN 37664-5415
      View Details
    • Value Estimation
      $565,000
      11,286 SF

      252 Westfield Dr

      OFFICE (GENERAL) • 11,286 SF
      252 Westfield Dr, Kingsport, TN 37664-5405
      View Details
    • Value Estimation
      $1,515,000
      11,184 SF

      3407 Memorial Blvd

      OFFICE (GENERAL) • 11,184 SF
      3407 Memorial Blvd, Kingsport, TN 37664-3418
      View Details
    • Value Estimation
      $930,000
      4,536 SF

      296 Blakley Dr

      OFFICE (GENERAL) • 4,536 SF
      296 Blakley Dr, Kingsport, TN 37664-5489
      View Details

    Similar Nearby for Sale

    • $235,000
      1.93 Acres

      Kingsport Land For Sale

      Land with retail or professional building potential on John B. Dennis Highway.
      N John B Dennis Hwy, Kingsport, TN 37664
      View Details
    • $815,000
      2,094 SF

      Commercial Building with Income Potential

      Commercial building suitable for various uses, ready for occupancy.
      1637 N Eastman Rd, Kingsport, TN 37664
      View Details
    • $1,600,000

      Office Building with Warehouse Space

      Office building with warehouse and separate paved parking outparcel.
      105 Jack White Dr, Kingsport, TN 37664
      View Details
    • $250,000
      1,596 SF

      Kingsport Commercial Building For Sale

      Prime Retail Space, 1,596 sq ft
      1916 Sherwood Rd, Kingsport, TN 37664
      View Details
    • $219,000
      1.04 Acres

      Kingsport Land Parcel For Sale

      7.32 acres of land for residential development near Memorial Blvd.
      Eaton Sta Rd, Kingsport, TN 37664
      View Details
    • $300,000

      Kingsport Commercial Building and Land

      Building and land on major commercial corridor in downtown Kingsport.
      2013 E Center St, Kingsport, TN 37664
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      156,009 SF

      Green Acres Shopping Center Investment

      Kingsport, TN Retail Opportunity
      0 Eastman Rd, Kingsport, TN 37664
      View Details
    • $12 SF/Yr
      53,952 SF

      Reedy Creek Terrace Office Space

      Kingsport, TN Office & Retail
      1880 Eastman Rd, Kingsport, TN 37664
      View Details
    • $12 SF/Yr
      2,100 SF

      Goose Creek Center Office Space

      Kingsport, TN Executive Office Suite - 2,100 SF
      116 Jack White Dr, Kingsport, TN 37664
      View Details
    • $16 SF/Yr
      1,201 SF

      Retail Space in Kingsport Center

      Retail space available in a busy shopping center.
      1131-1169 N Eastman Rd, Kingsport, TN 37664
      View Details
    • $20 SF/Yr
      4,000 SF

      Retail Space in Reedy Creek

      Endcap retail space available in busy East Kingsport shopping center.
      1880 North Eastman Rd, Kingsport, TN 37664
      View Details
    • Contact for pricing
      88,892 SF

      Crown Point Plaza Retail Space

      Kingsport Retail Center: High Traffic, Food City Anchored
      1233 Eastman Rd, Kingsport, TN 37664
      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.
    1637 N Eastman Rd
    Kingsport, TN 37664
    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

    Google sign-in failed. Please try again or use another login method.