1736 Eastman Rd Kingsport, TN 37664-2310
Property profile & analytics
1736 Eastman Rd Kingsport, TN 37664-2310
- Warehouses
- 12,420 SF
- 2.01 lot acres
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.
Location Intelligence
Current Use by Public Records
- Iconic Pump / Industrial Manufacturer / Production Facility
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
- AI Estimate
- $824,000
Market price range: $243k - $1.11MMarket 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 estimation — 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
