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    Property profile & analytics

    2921 Ctr St Kingsport, TN 37664-2719

    • Turn key restaurants
    • 1,955 SF
    • 125.00 lot acres
    OFF-MARKET
    Last Sale
    May 23, 2025
    $305,000
    Value Estimations
    $315,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0886967
    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

    • No Bull BBQ (formerly Broad Street BBQ) / Barbecue Restaurant / Caterer

    Property Details for 2921 Ctr St

    Year built
    1930
    Lot size
    125.00 lot acres
    Property size
    1,955 SF
    Property type
    Turn key restaurants
    APN
    082062H A 00900
    APU
    082062HA00900

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $305,000
      ML approach
      $350,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $469,000
      Market price range: $186k - $1.26M

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5147
    Latitude
    36.5314
    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
    $30,400
    $34,640
    $65,040
    -
    $76,000
    $86,600
    $162,600

    Comparable in this City

    • Value Estimation
      $360,000
      10,231 SF

      1910 Eastman Rd

      RESTAURANT • 10,231 SF
      1910 Eastman Rd, Kingsport, TN 37664-2365
      View Details
    • Value Estimation
      $1,235,000
      1,836 SF

      2038 Ft Henry Dr

      RESTAURANT • 1,836 SF
      2038 Ft Henry Dr, Kingsport, TN 37664-3602
      View Details
    • Value Estimation
      $2,875,000
      4,194 SF

      1104 Riverbend Dr

      RESTAURANT • 4,194 SF
      1104 Riverbend Dr, Kingsport, TN 37664-3994
      View Details
    • Value Estimation
      $360,000
      2,852 SF

      1221 Eastman Rd

      RESTAURANT • 2,852 SF
      1221 Eastman Rd, Kingsport, TN 37664-3145
      View Details
    • Value Estimation
      $285,000
      1,841 SF

      1916 Sherwood Rd

      RESTAURANT • 1,841 SF
      1916 Sherwood Rd, Kingsport, TN 37664-3219
      View Details
    • Value Estimation
      $405,000
      7,920 SF

      2008 Eastman Rd

      RESTAURANT • 7,920 SF
      2008 Eastman Rd, Kingsport, TN 37664-2314
      View Details

    Similar Nearby for Sale

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      1,596 SF

      Kingsport Commercial Building For Sale

      Commercial building and lot for sale in Kingsport, Tennessee.
      1916 Sherwood Rd, Kingsport, TN 37664
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    • $300,000

      Kingsport Commercial Building and Land

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    • $2,000,000
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      Kingsport Commercial Building For Sale

      31,856 SF commercial building on 2.7 acres for sale.
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    • $235,000
      1.93 Acres

      Kingsport Land For Sale

      Land with retail or professional building potential on John B. Dennis Highway.
      N John B Dennis Hwy, Kingsport, TN 37664
      View Details
    • $430,000
      4,121 SF

      Kingsport Retail/Commercial Opportunity For Sale

      Retail/commercial building with high visibility and flexible floor plan.
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    • $599,000
      7,912 SF

      Kingsport Commercial Property For Sale

      Retail and industrial property near Walmart and Fort Henry Mall.
      2303 Fort Henry Dr, Kingsport, TN 37664
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,201 SF

      Retail Space in Kingsport Center

      Retail space available in a busy shopping center.
      1131-1169 N Eastman Rd, Kingsport, TN 37664
      View Details
    • $12 SF/Yr
      53,952 SF

      Reedy Creek Terrace Office Space

      Kingsport, TN Office & Retail
      1880 Eastman Rd, Kingsport, TN 37664
      View Details
    • $12 SF/Yr
      156,009 SF

      Green Acres Shopping Center Investment

      Kingsport, TN Retail Opportunity
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      View Details
    • $12 SF/Yr
      2,100 SF

      Goose Creek Center Office Space

      Kingsport, TN Executive Office Suite - 2,100 SF
      116 Jack White Dr, Kingsport, TN 37664
      View Details
    • $23 SF/Yr
      7,100 SF

      Retail Space in Dense Corridor

      Retail space available in a high-traffic, dense retail corridor.
      1920 N Eastman Rd, Kingsport, TN 37664
      View Details
    • Contact for pricing
      88,892 SF

      Crown Point Plaza Retail Space

      Kingsport Retail Center: High Traffic, Food City Anchored
      1233 Eastman Rd, Kingsport, TN 37664
      View Details
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    2921 Ctr St
    Kingsport, TN 37664-2719
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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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