244 Broad St Kingsport, TN 37660
Property profile & analytics
244 Broad St Kingsport, TN 37660
- Retail space
- 20,400 SF
- 75.00 lot acres
Property ID
US80-1204338
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 244 Broad St
- Year built
- 1927
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 75.00 lot acres
- Property size
- 20,400 SF
- Property type
- Retail space
- APN
- 082046I F 00200
- APU
- 082046IF00200
Description
This exceptional value-add opportunity presents a two-story, 24,835 square foot commercial building located at 244 Broad Street in Kingsport, Tennessee. Built in 1927, this Class B property boasts a mix of executive office and restaurant space, currently housing 13 tenants with 67% occupancy. The property sits on a 10,350 square foot lot and offers a compelling net operating income (NOI) of $113,064, translating to a 7.20% cap rate and a price per square foot of $60.40. The asking price is $1,570,000. This multi-tenant property operates under a net lease agreement. Situated in the heart of downtown Kingsport's revitalization efforts, this property benefits from its prime location, proximity to local amenities, and the advantages of being within an Opportunity Zone, offering significant tax incentives for qualified investors. The building's first floor currently houses two retail tenants, presenting a strong foundation for future growth and redevelopment. This property is offered individually, but is also part of a larger portfolio of commercial properties available for sale. The property's strong cash flow and redevelopment potential make it an ideal investment for value-add investors, entrepreneurs, and 1031 exchange buyers seeking a high-return opportunity in a thriving downtown area.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $380,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $716,000
- AI Estimate
- $739,000
Market price range: $546k - $2.27MMarket price range: $657k - $2.44M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Kingsport
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.5604
- Latitude
- 36.5475
- 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
$18,080
$162,720
$180,800
-
$45,200
$406,800
$452,000
