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Property profile & analytics
FOR SALE
Retail space
227 E Sullivan St Kingsport, TN 37660
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US80-2070762
For Sale
1 / 24
$1,050,000
227 E Sullivan St, Kingsport, TN 37660
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1917
Total area
8,600 SF
Lot
50 ac (2,178,000 SF)
APN
082046I D 02300
UPID
US80-2070762
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
-
5 Point Properties, LLC Real Estate Agency
-
ARO Creative, Inc. Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Of Kingsport · 7 yrs held
City Of Kingsport
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kingsport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingsport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$150,760
Assessed 2023
Previous assessed
$150,760
+0.0% YoY
Assessed land
$7,000
Assessed improvement
$143,760
Land market value
$17,500
Improvement market value
$359,400
Total market value
$376,900
Applied tax rate
82.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1917
Heating
YES
Stories
1
Units
1
Bathrooms
1
Total area
8,600 SF
Lot
50 ac (2,178,000 SF)
APN
082046I D 02300
UPID
US80-2070762
Jurisdiction
SULLIVAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1917
Heating
YES
Stories
1
Units
1
Bathrooms
1
Lot
50 ac
Current owner
From public records · entity-resolved
City Of Kingsport
Entity
Mailing address
PO BOX 4142, JOHNSON CITY, TN 37602-4142
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
—
5 Point Properties LLC
—
Deed
related
$165,000 · First Community Bank Of East Tennessee
May 25, 2022
—
5 Point Properties LLC
—
Deed
related
$500,000 · First Community Bank Of East Tennessee
Dec 18, 2018
—
City Of Kingsport
Regions Bk
Grant Deed
related
—
Aug 3, 2018
—
5 Point Properties LLC
—
Deed
related
$150,000 · First Cmnty Bk/e Tn
Apr 23, 2010
$410,000
5 Point Props LLC
Db3 Dev Co LLC
Warranty Deed
—
Jul 3, 2006
—
Db3 Dev Co LLC
Beatty,douglas D
Grant Deed
related
—
Sep 9, 2005
$65,000
Douglas D Beatty
Ford,william R
Grant Deed
—
Apr 7, 1995
$14,357
William Ford
Sullivan County
Grant Deed
—
Oct 3, 1994
$7,034
Sullivan County Tn
Unknown,
Grant Deed
—
—
—
5 Point Prop LLC
—
Loan Modification
related
$15,000 · Southeast Community Cap Corp
—
—
5 Point Properties LLC
—
Deed Of Trust
related
$420,000 · First Community Bank
—
—
5 Point Properties LLC
—
Deed Of Trust
related
$150,000 · First Cmnty Bk/e Tn
—
—
5 Point Properties LLC
—
Loan Modification
related
$345,868 · First Cmnty Bk/e Tn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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