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

    2421 John B Dennis Hwy Kingsport, TN 37660-4773

    • Assisted living facilities
    • 65,590 SF
    • 11.47 lot acres
    OFF-MARKET
    Last Sale
    May 13, 2025
    $8,700,000
    Value Estimations
    $8,700,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1229496
    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

    • Wexford House / Nursing Home
    • Wexford House: Acord Beverly J / Medical Clinic
    • Michael Jule E / Physician
    • Karissa Dowling / Physician
    • Felicia Brickey / Physician

    Property Details for 2421 John B Dennis Hwy

    Year built
    1986
    Lot size
    11.47 lot acres
    Property size
    65,590 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    082047 01920
    APU
    8204701920

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,680,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,125,000
      RESTAURANT
      $5,390,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5054
    Latitude
    36.5551
    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
    $0.00
    $0.00
    $0.00
    -
    $1,075,800
    $5,423,500
    $6,499,300

    Comparable in this City

    • Value Estimation by Request
      31,601 SF

      1300 Bloomingdale Pike

      HOMES (RETIRED, NURSING) • 31,601 SF
      1300 Bloomingdale Pike, Kingsport, TN 37660-2685
      View Details
    • Value Estimation
      $645,000
      48,058 SF

      2035 Stonebrook Pl

      HOMES (RETIRED, NURSING) • 48,058 SF
      2035 Stonebrook Pl, Kingsport, TN 37660-4000
      View Details
    • Value Estimation by Request
      33,865 SF

      2001 John B Dennis Hwy

      HOMES (RETIRED, NURSING) • 33,865 SF
      2001 John B Dennis Hwy, Kingsport, TN 37660-5910
      View Details
    • Value Estimation
      $610,000
      27,752 SF

      1300 Bloomingdale Pike

      HOMES (RETIRED, NURSING) • 27,752 SF
      1300 Bloomingdale Pike, Kingsport, TN 37660-2685
      View Details
    • Value Estimation
      $835,000
      68,592 SF

      2300 Pavilion Dr

      HOMES (RETIRED, NURSING) • 68,592 SF
      2300 Pavilion Dr, Kingsport, TN 37660-4622
      View Details
    • Value Estimation
      $8,850,000
      57,217 SF

      1025 Executive Park Blvd

      MEDICAL BUILDING • 57,217 SF
      1025 Executive Park Blvd, Kingsport, TN 37660-4620
      View Details

    Similar Nearby for Sale

    • $549,900
      5,028 SF

      Commercial Office Building For Sale

      Two-story, partially leased office building with value-add potential.
      2020 Meadowview Pkwy, Kingsport, TN 37660
      View Details
    • $825,000
      2,942 SF

      Kingsport Commercial Property - High Visibility

      Prime .75-acre lot, 2942 sq ft building, high traffic location.
      2100 Stone Dr, Kingsport, TN 37660
      View Details
    • $380,000
      3,600 SF

      Kingsport Commercial Property Investment

      High-Visibility, Two-Parcel Commercial Lot
      905 Bloomingdale Pike, Kingsport, TN 37660
      View Details
    • $2,000,000
      2.66 Acres

      Kingsport Commercial Land & Building

      Restaurant Building, 2.66 Acres, High Growth Area
      2539 Stone Dr, Kingsport, TN 37660
      View Details
    • $680,000
      11,609 SF

      Historic Kingsport Retail Opportunity

      Renovation-ready retail property with historic charm in Kingsport.
      212 E Sullivan St, Kingsport, TN 37660
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      13,975 SF

      American Way Office Complex

      Kingsport, TN Office Suites Available
      2004 American Way, Kingsport, TN 37660
      View Details
    • $14 SF/Yr
      16,034 SF

      Ravine Center Medical Office Suites

      Kingsport, TN Medical Office Space Available
      121 Ravine Rd, 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
    • $1,976 /Mo
      1,694 SF

      Medical/Mixed-Use Building For Lease

      Medical/mixed-use building in prime Kingsport location with optional warehouse space.
      1526 Bridgewater Ln, Kingsport, TN 37660
      View Details
    • $12 SF/Yr
      4,281 SF

      Press Commons: Kingsport Office Space

      Prime Kingsport office suites available.
      300 Clinchfield St, Kingsport, TN 37660
      View Details
    • $11 SF/Yr
      9,582 SF

      Kingsport Medical Office Space for Lease

      Newly renovated, 2,660 sq ft medical office suite.
      1209 Wilcox Dr, 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.
    2421 John B Dennis Hwy
    Kingsport, TN 37660-4773
    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.