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

    240 Main St Kingsport, TN 37660-4302

    • Warehouses
    • 6,225 SF
    • 75.00 lot acres
    OFF-MARKET
    Value Estimations
    $325,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0453725
    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

    • The Social: Wedding Venue, Special Events Facility & Catering | Kingsport, TN / Event Venue / Wedding Venue
    • Priority Business Brokers: Buy and or Sell My Business Kingsport, TN / Business Development Service
    • Divine Catering Company / Event Venue / Wedding Venue

    Property Details for 240 Main St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    75.00 lot acres
    Property size
    6,225 SF
    Property type
    Warehouses
    APN
    082046P C 00220
    APU
    082046PC00220

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $335,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $312,000
      Market price range: $115k - $420k
      AI Estimate
      $365,000
      Market price range: $148k - $483k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $270,000
      Current use
      AUTO REPAIR, GARAGE
      $490,000
      Change: +81% Conversion: Easy
      RETAIL STORES
      $440,000
      Change: +62% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5601
    Latitude
    36.5443
    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
    $12,320
    $75,280
    $87,600
    -
    $30,800
    $188,200
    $219,000

    Comparable in this City

    • Value Estimation
      $295,000
      2,920 SF

      4136 Sullivan Gdns Dr

      WAREHOUSE, STORAGE • 2,920 SF
      4136 Sullivan Gdns Dr, Kingsport, TN 37660-7703
      View Details
    • Value Estimation
      $385,000
      3,444 SF

      3024 Brookside Dr

      WAREHOUSE, STORAGE • 3,444 SF
      3024 Brookside Dr, Kingsport, TN 37660-6642
      View Details
    • Value Estimation
      $350,000
      7,540 SF

      2001 Brookside Ln

      WAREHOUSE, STORAGE • 7,540 SF
      2001 Brookside Ln, Kingsport, TN 37660-6637
      View Details
    • Value Estimation
      $295,000
      6,240 SF

      1900 Brookside Ln

      WAREHOUSE, STORAGE • 6,240 SF
      1900 Brookside Ln, Kingsport, TN 37660-6633
      View Details
    • Value Estimation
      $325,000
      10,865 SF

      500 Main St

      WAREHOUSE, STORAGE • 10,865 SF
      500 Main St, Kingsport, TN 37660-4820
      View Details
    • Value Estimation
      $415,000
      4,115 SF

      846 Martin Luther King Dr

      WAREHOUSE, STORAGE • 4,115 SF
      846 Martin Luther King Dr, Kingsport, TN 37660-5120
      View Details

    Similar Nearby for Sale

    • $950,000
      7,750 SF

      Kingsport Flex Industrial Building

      7,750 SF flex industrial building in downtown Kingsport.
      444 West Center St, Kingsport, TN 37660
      View Details
    • $2,000,000
      21,600 SF

      Kingsport Commercial Space For Sale

      Six buildings totaling 21,600 SF on 3.38 acres.
      516 Morelock St, Kingsport, TN 37660
      View Details
    • $245,000
      600 SF

      Remodeled Commercial Property in Kingsport

      Remodeled commercial property with apartment and warehouse space in downtown Kingsport.
      917 E Sullivan St, Kingsport, TN 37660
      View Details
    • $824,900
      8,120 SF

      East Stone Drive Commercial Property

      Two buildings totaling 8,120 SF on 1.8 acres.
      3379 E Stone Dr, Kingsport, TN 37660
      View Details
    • $1,388,000
      11,203 SF

      Renovated Kingsport Retail/Warehouse Building

      Renovated retail and warehouse space with historic charm.
      223 Commerce St, Kingsport, TN 37660
      View Details
    • $949,900
      800 SF

      Versatile Commercial Property in Kingsport

      5,600+/- SF commercial property with fenced lot in high-traffic area.
      475 Morelock St, Kingsport, TN 37660
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      16,250 SF

      Kingsport Distribution Warehouse For Lease

      Distribution warehouse with office space in Brookside Industrial Park.
      2029 Brookside Ln, Kingsport, TN 37660
      View Details
    • $1,750,000
      3,055 SF

      Kingsport Commercial Property For Lease

      Commercial property with warehouse and office space, available January 2026.
      1551 S Wilcox Dr, Kingsport, TN 37660
      View Details
    • $1,800 /Mo
      1,800 SF

      Downtown Kingsport Commercial Space Available

      1800 SF commercial space with roll-up doors in Kingsport.
      422 E Market St, Kingsport, TN 37660
      View Details
    • $10 SF/Yr
      44,503 SF

      West Park Medical Office Suites

      Kingsport, TN medical office space available.
      105 Park Dr, Kingsport, TN 37660
      View Details
    • $11 SF/Yr
      38,304 SF

      Kingsport Centre: Prime Office Space

      Historic Downtown Kingsport Office & Retail
      108 Main St, Kingsport, TN 37660
      View Details
    • $16 SF/Yr
      1,021 SF

      Remodeled Kingsport Building For Lease

      Remodeled building with retail and office suites available for lease.
      301 E Main St, Kingsport, TN 37660
      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.
    240 Main St
    Kingsport, TN 37660-4302
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.