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Property profile & analytics
OFF-MARKET
Estimated value
$9,910,000
Office Spaces
1649 Wilcox Dr Kingsport, TN 37660
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1907206
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,850 SF
Lot
2.44 ac (106,286 SF)
Zoning code
R-1
APN
082076H A 00100
UPID
US80-1907206
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.19M
CAP Approach
CAP
$6.87M
Comparable Approach
Comparable
$9.13M
Blend (final)
Blend
$9.91M
Owner & transaction history
Raptor Realty Investments 7 LLC · 4 yrs held
Raptor Realty Investments 7 LLC
since 2022
Last sale
$12.4M
5 recorded transactions
Zoning & alternative use
R-1 · Kingsport, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$6.6M
+31.7%
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
$10,185,000
CAP Approach
CAP Return
Estimation
6%
$7,435,000
6.5%
$6,865,000
7%
$6,375,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,610,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$9.91M
Range $8.92M – $10.90M · ±10% · vs last sale $12.40M (Jul 10 2025)
Last sale anchor
$12.40M
Jul 10 2025
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
$195 / 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
$2,505,960
Assessed 2023
Previous assessed
$2,505,960
+0.0% YoY
Assessed land
$246,600
Assessed improvement
$2,259,360
Land market value
$616,500
Improvement market value
$5,648,400
Total market value
$6,264,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
18
Total area
50,850 SF
Lot
2.44 ac (106,286 SF)
Zoning code
R-1
APN
082076H A 00100
UPID
US80-1907206
Jurisdiction
SULLIVAN
Zoning & alternative use
R-1 · Kingsport, TN
Zoning R-1 · permitted uses
R-1 · Kingsport, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kingsport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$6.6M
MEDICAL BUILDING
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
18
Lot
2.44 ac
Current owner
From public records · entity-resolved
Raptor Realty Investments 7 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1735, BRISTOL, TN 37621-1735
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
$17,100,000
Raptor Realty Investments 7 LLC
A G Commercial Gp
Special Warranty Deed
—
Oct 17, 2018
—
Ag Commercial Gp
—
Loan Modification
related
$16,161,070 · Renasant Bk
Jun 28, 2018
$17,200,000
A G Commercial Gp
Katharine Square
Grant Deed
—
Jun 30, 2004
$1,100,000
Katherine Square
Owner,record
Grant Deed
related
—
—
—
Katharine Square
—
Deed Of Trust
related
$2,000,000 · Citizens Federal Bank Fsb
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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