Financial
Distress signals
Property profile

247 Broad St Kingsport, TN 37660

FOR SALE
Retail space
Property ID
US80-1424029
20,800 SF 50 ac lot Built 1930
Last sale Apr 2006 · $280,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 18-yr Hold Held for 18 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a multi-tenant commercial building located on Broad Street, constructed in 1929. It has approximately 23,000 square feet of redeveloped interior space within a total building area of about 26,000 square feet. The building retains original architectural features, including 15-foot ceilings, exposed brick walls, exposed beams, and hardwood floors, with modern updates integrated throughout. Interior amenities include passenger elevators and common area restrooms. Each tenant has an

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$254k
Assessed land$12k
Assessed improvement$242k

Value estimate

· Sep 2026
$425k
$383k – $468k
Submarket $/SF estimate$1.01M
NOI build-up
Gross scheduled income$437k
Vacancy & credit loss−$37k
Operating expenses−$160k
NOI · 9.72% cap applied$240k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$70/SF
ZIP average, outlier-cleaned · 69 recorded sales of this use type
Observed band · Q1–Q3$27 – $111

Cap rate analysis

How does the asset earn?
9.72%
$240k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSULLIVAN

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.4
Garden Center9.3
Acupuncture8.7

Location

247 Broad St Kingsport, TN 37660
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Press, Kingsport, TN 37660 $275,000 Aug 2025 12,623 SF
2415 Stone, Kingsport, TN 37660-4738 $3,900,000 Apr 2025 41,165 SF
330 Broad, Kingsport, TN 37660-4270 $74,381 Feb 2025 24,120 SF
117 Broad, Kingsport, TN 37660-4266 $575,000 Oct 2024 10,750 SF
116 Market, Kingsport, TN 37660-4259 $1,080,000 Jun 2024 10,500 SF
221 Ctr, Kingsport, TN 37660-4303 $320,000 Apr 2024 10,150 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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