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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1880 Eastman Rd Kingsport, TN 37664

    • Commercial real estate
    • 47,117 SF
    • 4.56 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1665042
    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

    • MERLE NORMAN COSMETICS STUDIO / Cosmetic Store
    • Eat My Art / (Bike/Boat/Book/etc) Store
    • Magnolia Soap and Bath Kingsport TN / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • Harold Webb / Physician / Medical Clinic
    • Kumon Math and Reading Center / Tutoring Service

    Property Details for 1880 Eastman Rd

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.56 lot acres
    Property size
    47,117 SF
    Property type
    Commercial real estate
    APN
    082046M D 00800
    APU
    082046MD00800

    Description

    This exceptional Kingsport, TN commercial property, Reedy Creek Terrace, offers 53,952 square feet of versatile office and retail space across two, two-story buildings situated on a 4.56-acre lot. Built in 2009, this Class B property features multiple tenancies, with available spaces ranging from 1,200 to 4,000 square feet. The property boasts a prime location at 1880 N Eastman Rd, Kingsport, TN 37664, at a traffic light intersection with Ryder Drive, in a high-traffic retail area. Its strategic location offers easy access from I-26 (Exit 1) and places it less than a mile from Indian Path Community Hospital, Dobyns-Bennett High School, and the Kingsport Civic Auditorium. The property benefits from proximity to Eastman Chemical Company's Global Headquarters, employing 7,000 people. Current tenants include a diverse mix of businesses, including Panera Bread, Merle Norman, Fleet Feet, Citizens Savings & Loan, Annie's Room, Lux Nails, SportClips, Highland Professional Group, Southern Pool & Spa, Cornucopia, Tri-Cities Dance Co., Magnolia Soap, Eat My Art, Backdraft Custom Apparel, and Kumon Math & Reading. The property is zoned B3/M1R and has an APN of 046M D 008.00. First-generation spaces are available as vanilla boxes, with the landlord open to build-outs to tenant specifications. This presents a unique opportunity for businesses seeking a well-established location in a thriving commercial district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,890,000
      6.5%
      $6,360,000
      7%
      $5,905,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,241,000
      Market price range: $1.64M - $7.44M
      AI Estimate
      $5,726,000
      Market price range: $1.55M - $7.27M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,670,000
      Current use
      MEDICAL BUILDING
      $6,125,000
      Change: +31% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5206
    Latitude
    36.5434
    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
    $385,600
    $1,164,840
    $1,550,440
    -
    $964,000
    $2,912,100
    $3,876,100

    Comparable in this City

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      5703 Memorial Blvd

      COMMERCIAL (GENERAL) • 5,592 SF
      5703 Memorial Blvd, Kingsport, TN 37664-4369
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      5045 Memorial Blvd

      COMMERCIAL (GENERAL) • 2,880 SF
      5045 Memorial Blvd, Kingsport, TN 37664
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    • Value Estimation by Request
      1,500 SF

      1828 Ryder Dr

      COMMERCIAL (GENERAL) • 1,500 SF
      1828 Ryder Dr, Kingsport, TN 37664-2359
      View Details

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      Commercial Building with Income Potential

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    Similar Nearby for Lease

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    1880 Eastman Rd
    Kingsport, TN 37664
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    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
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