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Property profile & analytics
FOR SALE
Office Spaces

1989 E Stone Dr Kingsport, TN 37660

25,848 SF 1.22 ac lot Built 1986
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US80-1424000
Property summary
AI-generated overview

This Class A, 23,000 square foot office building in Kingsport, Tennessee, is available for sale. Located at 1989 East Stone Dr., this four-story, 1.22-acre property offers a unique opportunity for owner-users or investors. The building, constructed in 1987, boasts a striking all-glass design and a highly visible corner location at a major intersection (SR-93 & US-11 interchange), experiencing 43,901 vehicles per day. With 70 surface parking spaces, the property is ideal for a variety of uses, including corporate headquarters, R&D, medical, high-tech, executive suites, or government/institutional offices. The asking price is $699,000 ($28.04/sq ft), and the building is currently vacant, with an occupancy date of September 1, 2022. The property's prime location within the Tri-Cities MSA's primary retail corridor ensures high traffic and excellent visibility. Its flexible layout makes it suitable for a range of businesses seeking a prestigious and easily accessible location. The neighboring anchor tenant is New People's Bank. All information should be verified by the buyer.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1986
Construction FRAME
Total area 25,848 SF
Lot 1.22 ac (53,143 SF)
APN 082047P A 00510
UPID US80-1424000
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
Current use
Occupant on record · Public records
  • Wellmont Hospitalists Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$915k
Owner & transaction history
Castello Mant 1989 LLC · 2 yrs held
Castello Mant 1989 LLC
since 2024
Last sale
$770,000
4 recorded transactions
2024
Price N/A
2024
Price N/A
2022
$770,000
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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