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Property profile & analytics
OFF-MARKET
Estimated value
$4,420,000
Commercial real estate
2637 Stone Dr Kingsport, TN 37660-5922
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0535530
Property summary
AI-generated overview
This exceptional retail opportunity presents 13,240 square feet of leasable space within the Shoppes on East Stone Drive in Kingsport, Tennessee. The property consists of a single, one-story building situated in a high-traffic area of Sullivan County. Currently, 1,200 square feet is available for lease, offering a prime chance for expansion or a new business venture. The center enjoys excellent visibility, positioned directly across from major retailers Target and Kohl's, ensuring significant foot traffic and brand recognition. The property features prominent building signage and a dedicated panel on the pylon sign at the East Stone Drive entrance, maximizing marketing potential. Natural light floods the available space through numerous floor-to-ceiling windows, creating a bright and inviting atmosphere. Access is convenient, with clear directions from Interstate 26: Take exit 1, then travel east on W Stone Dr/Hwy 11W for approximately 5 miles
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,800 SF
Lot
2.81 ac (122,404 SF)
APN
082047 03260
UPID
US80-0535530
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
LL Flooring Carpet & Flooring Store Hardware & Home Improvement
-
East Coast Wings + Grill Restaurant
-
Polish Nail Bar Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.42M
Owner & transaction history
425 Manchester Road LLC · 4 yrs held
425 Manchester Road LLC
since 2022
Last sale
$4.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+300.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Kingsport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Kingsport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,985,000
ML approach
$4,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,270,000
Change: +300% · Conversion: Difficult
Blend value · Realmo final
$4.42M
Range $3.98M – $4.86M · ±10% · vs last sale $4.75M (Jul 27 2025)
Last sale anchor
$4.75M
Jul 27 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$409 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$1,599,200
Assessed 2023
Previous assessed
$1,599,200
+0.0% YoY
Assessed land
$799,000
Assessed improvement
$800,200
Land market value
$1,997,500
Improvement market value
$2,000,500
Total market value
$3,998,000
Applied tax rate
82.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Bathrooms
22
Total area
10,800 SF
Lot
2.81 ac (122,404 SF)
APN
082047 03260
UPID
US80-0535530
Jurisdiction
SULLIVAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$4.3M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
22
Lot
2.81 ac
Current owner
From public records · entity-resolved
425 Manchester Road LLC
Entity
Mailing address
PO BOX 55, GLENELG, MD 21737-0055
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
$4,450,000
425 Manchester Road LLC
Twn LLC
Special Warranty Deed
$1,000,000 · Clampet Management South LLC
Jul 5, 2019
—
Twn LLC
Twnewman LLC
Quit Claim Deed
related
—
Jun 22, 2018
$4,350,000
Twnewman LLC
Gsp Stone II
Grant Deed
$3,166,000 · Eastman Cu
Aug 24, 2015
$3,500,000
Gsp Stone II Gp
Harpoon Of Kingsport Tn LLC
Special Warranty Deed
—
Aug 21, 2008
$2,248,150
Harpoon Of Kingsport Tn LLC
Owner,record
Warranty Deed
related
—
—
—
Harpoon Of Kingsport Tn LLC
—
Deed Of Trust
related
$2,065,000 · Eastman Cu
—
—
Harpoon Of Kingsport Tn LLC
—
Deed Of Trust
related
$2,310,000 · A10 Capital LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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