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

    1736 Eastman Rd Kingsport, TN 37664-2310

    • Warehouses
    • 12,420 SF
    • 2.01 lot acres
    OFF-MARKET
    Value Estimations
    $900,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2297357
    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

    • Iconic Pump / Manufacturer

    Property Details for 1736 Eastman Rd

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.01 lot acres
    Property size
    12,420 SF
    Property type
    Warehouses
    APN
    082046M L 00320
    APU
    082046ML00320

    Description

    This exceptional investment opportunity presents a 12,540-square-foot industrial net lease property located at 1736 N Eastman Rd, Kingsport, Tennessee. The property, built in 1994 and fully renovated in 2024, sits on a 2.01-acre lot and boasts one loading dock and one dock-high door. Currently 100% occupied by Brightspeed, a subsidiary of Apollo Global Management, Inc., this single-tenant building offers a secure, long-term investment with a new 10-year lease commencing July 1, 2024, and expiring June 30, 2034. The lease includes a favorable triple-net (NNN) structure, where the tenant is responsible for all taxes, insurance, and common area maintenance (CAM) expenses. Rent increases of 10% are built into the lease every five years, providing significant long-term growth potential. The property's strategic location in Kingsport, within one mile of Eastman Chemical Company and the East Stone Dr retail corridor, ensures high visibility and accessibility. The asking price is $1,722,033, representing a compelling cap rate of 7.25% and a price per square foot of $137.32. The strong tenant, backed by a billion-dollar parent company, coupled with the property's recent renovation and favorable lease terms, makes this an attractive investment in a high-growth area experiencing significant residential and retail development. The property's Net Operating Income (NOI) is $124,847. Kingsport's robust economic climate, fueled by the presence of Eastman Chemical Company and new retail developments, further enhances the investment's appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $911,000
      Market price range: $243k - $1.11M
      AI Estimate
      $824,000
      Market price range: $240k - $912k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $715,000
      Current use
      COMMERCIAL (GENERAL)
      $1,230,000
      Change: +73% Conversion: Difficult
      RETAIL STORES
      $925,000
      Change: +30% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $905,000
      Change: +27% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5214
    Latitude
    36.5415
    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
    $119,280
    $102,720
    $222,000
    -
    $298,200
    $256,800
    $555,000

    Comparable in this City

    • Value Estimation
      $505,000
      9,216 SF

      Park St

      WAREHOUSE, STORAGE • 9,216 SF
      Park St, Kingsport, TN 37664
      View Details
    • Value Estimation by Request
      5,050 SF

      1783 Ft Henry Dr

      WAREHOUSE, STORAGE • 5,050 SF
      1783 Ft Henry Dr, Kingsport, TN 37664-3226
      View Details
    • Value Estimation
      $1,205,000
      15,764 SF

      1820 Eastman Rd

      WAREHOUSE, STORAGE • 15,764 SF
      1820 Eastman Rd, Kingsport, TN 37664-2312
      View Details
    • Value Estimation by Request
      7,616 SF

      5236 Memorial Blvd

      WAREHOUSE, STORAGE • 7,616 SF
      5236 Memorial Blvd, Kingsport, TN 37664-4426
      View Details
    • Value Estimation
      $2,325,000
      18,730 SF

      2405 Sherwood Rd

      WAREHOUSE, STORAGE • 18,730 SF
      2405 Sherwood Rd, Kingsport, TN 37664-3703
      View Details
    • Value Estimation
      $840,000
      24,452 SF

      2453 Sherwood Rd

      WAREHOUSE, STORAGE • 24,452 SF
      2453 Sherwood Rd, Kingsport, TN 37664-3780
      View Details

    Similar Nearby for Sale

    • $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
    • $599,000
      7,912 SF

      Kingsport Commercial Property For Sale

      Retail and industrial property near Walmart and Fort Henry Mall.
      2303 Fort Henry 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
    • $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
    • $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
    • $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
    • $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
    • $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
    • Contact for pricing
      433,175 SF

      Fort Henry Mall Retail Spaces

      Kingsport, TN: Prime Retail Opportunity
      2101 Fort Henry Dr, 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.
    1736 Eastman Rd
    Kingsport, TN 37664-2310
    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.