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    Property profile & analytics

    2626 E Stone Dr Kingsport, TN 37660

    • Retail properties
    • 68,799 SF
    • 5.30 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0133320
    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

    • bealls / Clothing & Fashion Store
    • Pizza Hut Express / Restaurant
    • Great Clips / Hair Salon / Nail Salon
    • Image Essentials Weight Loss / Weight Loss Service / Health Consultant
    • UPS Access Point location / Courier Service / Postal Service

    Property Details for 2626 E Stone Dr

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.30 lot acres
    Property size
    68,799 SF
    Property type
    Retail properties
    APN
    082047 02700
    APU
    8204702700

    Description

    Kingsport Pavilion offers ±390,000 square feet of retail space in a thriving regional shopping center. This multi-tenant property boasts seven available spaces ranging from 1,150 to 30,000 contiguous square feet, with a total of 50,453 square feet currently vacant. The center enjoys a highly desirable location on approximately 29 acres in Sullivan County, Tennessee. Major anchors include Target, Kohl's, and Ashley HomeStore, solidifying its position as one of only three Target-anchored shopping centers in the Tri-Cities CSA. The property benefits from excellent visibility and accessibility, featuring signalized ingress and egress and prominent pylon signage. Its strategic location, just 2.7 miles from Eastman Chemical Company's Kingsport facility (employing over 7,000), provides access to a substantial workforce and consumer base. This presents a unique opportunity for businesses seeking high-traffic exposure and a strong regional presence. The expansive lot size also offers potential for future development. This is a prime retail investment opportunity in a well-established and growing market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,736,000
      Market price range: $1.84M - $7.67M
      AI Estimate
      $6,954,000
      Market price range: $2.22M - $8.23M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $4,840,000
      Current use
      MEDICAL BUILDING
      $8,940,000
      Change: +85% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $6,790,000
      Change: +40% Conversion: Easy
      AUTO REPAIR, GARAGE
      $5,400,000
      Change: +12% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.4929
    Latitude
    36.5522
    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
    $433,520
    $1,265,880
    $1,699,400
    -
    $1,083,800
    $3,164,700
    $4,248,500

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
      $2,060,000
      18,998 SF

      1001 Waterman Private Rd

      DEPARTMENT STORE • 18,998 SF
      1001 Waterman Private Rd, Kingsport, TN 37660-3388
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    • Value Estimation
      $1,840,000
      63,514 SF

      1116 Stone Dr

      DEPARTMENT STORE • 63,514 SF
      1116 Stone Dr, Kingsport, TN 37660-3363
      View Details
    • Value Estimation by Request
      5,000 SF

      1055 Waterman Rd

      Retail properties • 5,000 SF
      1055 Waterman Rd, Kingsport, TN 37660
      View Details
    • Value Estimation by Request
      22,300 SF

      237-245 Broad St

      Office Properties & Spaces • 22,300 SF
      237-245 Broad St, Kingsport, TN 37660
      View Details
    • Value Estimation
      $3,075,000
      25,861 SF

      1525 Stone Dr

      DEPARTMENT STORE • 25,861 SF
      1525 Stone Dr, Kingsport, TN 37660-4132
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      62,000 SF

      Large Retail Property on Stone

      62,000 sq ft retail property in Kingsport, Tennessee.
      1116 E Stone Dr, Kingsport, TN 37660
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      Kingsport Bar/Restaurant Opportunity For Sale

      Neighborhood bar with outdoor deck on 0.7 acres.
      2705 N John B Dennis Hwy, Kingsport, TN 37660
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    • Contact for pricing
      3,365 SF

      Existing Restaurant on Stone Drive

      Pizza Hut location for sale in Kingsport, Tennessee.
      4414 W Stone Dr, Kingsport, TN 37660
      View Details
    • $650,000

      Riverside Restaurant Opportunity

      Restaurant property along the South Fork Holston River for sale.
      1833 Netherland Inn Rd, Kingsport, TN 37660
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    • $675,000
      0.48 Acres

      Prime Corner Lot on Stone

      Half-acre corner lot ideal for quick-serve restaurant on busy street.
      1401 W Stone Dr, Kingsport, TN 37660
      View Details
    • $1,595,000
      13,000 SF

      Iconic Kingsport Property For Sale

      Over 13,000 sqft on 0.97 acres with B3 zoning.
      1225 E Stone Dr, Kingsport, TN 37660
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    Similar Nearby for Lease

    • $13 SF/Yr
      5,300 SF

      Corner Restaurant Space For Lease

      High-visibility corner unit ideal for restaurant use.
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    • $11 SF/Yr
      38,304 SF

      Kingsport Centre: Prime Office Space

      Historic Downtown Kingsport Office & Retail
      108 Main St, Kingsport, TN 37660
      View Details
    • $20 SF/Yr
      26,877 SF

      Jennings Farm Retail Space

      Kingsport, TN Retail Opportunity
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    • $12 SF/Yr
      4,281 SF

      Press Commons: Kingsport Office Space

      Prime Kingsport office suites available.
      300 Clinchfield St, Kingsport, TN 37660
      View Details
    • $1,198 /Mo
      1,250 SF

      Retail Space on Stone Drive

      High-visibility retail space in a busy business district.
      733 W Stone Dr, Kingsport, TN 37660
      View Details
    • Contact for pricing
      667 SF

      Retail Space in Kingsport Center

      Retail spaces available in a high-traffic Kingsport shopping center.
      1103-1127 N Eastman Rd, Kingsport, TN 37660
      View Details
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    Kingsport, TN 37660
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    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
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