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

    1778 Ft Henry Dr Kingsport, TN 37664-3227

    • Motels
    • 3,289 SF
    • 45.00 lot acres
    OFF-MARKET
    Last Sale
    Oct 30, 2023
    $990,000
    Value Estimations
    $970,000
    Show details
    Cap Rate Potential
    2.1%
    Motels
    Location Intelligence
    Property ID
    US80-1849445
    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

    • Greenwood Motel / Hotel

    Property Details for 1778 Ft Henry Dr

    Year built
    1954
    Lot size
    45.00 lot acres
    Property size
    3,289 SF
    Property type
    Motels
    APN
    082061E H 01600
    APU
    082061EH01600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $980,000
      ML approach
      $920,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5255
    Latitude
    36.5308
    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
    $22,440
    $27,880
    $50,320
    -
    $56,100
    $69,700
    $125,800

    Comparable in this City

    • Value Estimation by Request
      1,548 SF

      3205 Memorial Blvd

      MOTEL • 1,548 SF
      3205 Memorial Blvd, Kingsport, TN 37664-3486
      View Details
    • Value Estimation
      $5,370,000
      7,411 SF

      1535 Ft Henry Dr

      MOTEL • 7,411 SF
      1535 Ft Henry Dr, Kingsport, TN 37664-2545
      View Details
    • Value Estimation by Request
      3,999 SF

      3109 Memorial Blvd

      MOTEL • 3,999 SF
      3109 Memorial Blvd, Kingsport, TN 37664-3344
      View Details
    • Value Estimation
      $980,000
      5,116 SF

      1778 Ft Henry Dr

      MOTEL • 5,116 SF
      1778 Ft Henry Dr, Kingsport, TN 37664-3227
      View Details
    • 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
      1,508 SF

      2412 Fort Henry Dr

      Commercial real estate • 1,508 SF
      2412 Fort Henry Dr, Kingsport, TN 37664
      View Details

    Similar Nearby for Sale

    • $38,000
      0.22 Acres

      Residential Lot in Edinburgh Community

      Vacant lot in Kingsport's desirable Edinburgh Community.
      2580 Bridgeforth Xing, Kingsport, TN 37664
      View Details
    • $35,000
      0.50 Acres

      Wooded Lot in Scenic Woods

      Residential land in Kingsport, close to amenities and schools.
      4528 Glenbrook Dr, Kingsport, TN 37664
      View Details
    • $50,000
      1.70 Acres

      Secluded Lot in Easley Estates

      1.7-acre lot in Easley Estates, Kingsport, TN, ready for custom home.
      Raven Cir, Kingsport, TN 37664
      View Details
    • Contact for pricing
      Pending

      Residential Land in Kingsport, TN

      Affordable lot in established neighborhood, suitable for building a home.
      Ashley St, Kingsport, TN 37664
      View Details
    • $419,000
      4,121 SF

      Kingsport Retail/Commercial Opportunity For Sale

      Retail/commercial building with high visibility and flexible layout in Kingsport.
      3504 Fort Henry Dr, Kingsport, TN 37664
      View Details
    • $89,900
      1.38 Acres

      Kingsport Land in Hidden Acres

      1.38 acre wooded lot in established Kingsport subdivision.
      454 Hidden Acres Rd, Kingsport, TN 37664
      View Details

    Similar Nearby for Lease

    • $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
      53,952 SF

      Reedy Creek Terrace Office Space

      Kingsport, TN Office & Retail
      1880 Eastman Rd, Kingsport, TN 37664
      View Details
    • $12 SF/Yr
      156,009 SF

      Green Acres Shopping Center Investment

      Kingsport, TN Retail Opportunity
      0 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
    • $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
      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.
    1778 Ft Henry Dr
    Kingsport, TN 37664-3227
    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.