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Property profile & analytics
OFF-MARKET
Estimated value
$4,090,000
Commercial real estate
3006 John B Dennis Hwy Kingsport, TN 37660-6632
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-2581720
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1991
Construction
FRAME
Total area
40,609 SF
Lot
4.17 ac (181,645 SF)
Zoning code
B-3
APN
082031I D 00600
UPID
US80-2581720
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
-
Price Less Foods Discount Store Supermarket
-
Coin Laundry (Bike/Boat/Book/etc) Store
-
Just Stuff Discount Store (Bike/Boat/Book/etc) Store
-
Eastman Credit Union ATM Atm
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.06M
CAP Approach
CAP
$5.48M
Comparable Approach
Comparable
$3.54M
Blend (final)
Blend
$4.09M
Owner & transaction history
Eire Kingspport LLC · 3 yrs held
Eire Kingspport LLC
since 2022
Last sale
$4.3M
7 recorded transactions
Zoning & alternative use
B-3 · Kingsport, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.3M
+31.7%
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
$3,805,000
ML approach
$4,060,000
CAP Approach
CAP Return
Estimation
6%
$5,940,000
6.5%
$5,480,000
7%
$5,090,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,005,000
Current use
MEDICAL BUILDING
$5,280,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$4.09M
Range $3.68M – $4.50M · ±10% · vs last sale $4.25M (Oct 21 2022)
Last sale anchor
$4.25M
Oct 21 2022
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
$101 / 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
$893,240
Assessed 2023
Previous assessed
$893,240
+0.0% YoY
Assessed land
$131,120
Assessed improvement
$762,120
Land market value
$327,800
Improvement market value
$1,905,300
Total market value
$2,233,100
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
1991
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
4
Total area
40,609 SF
Lot
4.17 ac (181,645 SF)
Zoning code
B-3
APN
082031I D 00600
UPID
US80-2581720
Jurisdiction
SULLIVAN
Zoning & alternative use
B-3 · Kingsport, TN
Zoning B-3 · permitted uses
B-3 · Kingsport, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kingsport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$5.3M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
1991
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
4
Lot
4.17 ac
Current owner
From public records · entity-resolved
Eire Kingspport LLC
Entity
Mailing address
20803 BISCAYNE BLVD STE #405, AVENTURA, FL 33180-1431
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
Oct 21, 2022
$4,250,000
Eire Kingspport LLC
Leland A Davis Family LP
Special Warranty Deed
$2,400,000 · Korth Direct Mortgage INC
Apr 8, 2020
—
Leland A Davis Family LP
—
Deed
related
$1,339,027 · Wells Fargo Bk
Feb 15, 2002
$39,773
Greg Hensley
Taff,william
Grant Deed
—
Feb 10, 1993
$50,116
Greg Hensley
Unknown
Grant Deed
—
Feb 11, 1988
$60,000
William T Taff
Unknown,
Grant Deed
—
—
—
Leland A Davis Family LP
—
Deed Of Trust
related
$1,979,741 · Wells Fargo Bk
—
—
Leland A Davis Family LP
—
Loan Modification
related
$1,339,027 · Wells Fargo Bk
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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