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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3216 Memorial Blvd Kingsport, TN 37664-3461

    • Warehouses
    • 5,480 SF
    • 62.00 lot acres
    OFF-MARKET
    Last Sale
    Sep 17, 2021
    $30,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1950620
    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

    • Warehouses

    Property Details for 3216 Memorial Blvd

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    62.00 lot acres
    Property size
    5,480 SF
    Property type
    Warehouses
    APN
    082062H C 01700
    APU
    082062HC01700

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5122
    Latitude
    36.5322
    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
    $14,120
    $33,200
    $47,320
    -
    $35,300
    $83,000
    $118,300

    Comparable in this City

    • Value Estimation by Request
      7,616 SF

      5236 Memorial Blvd

      WAREHOUSE, STORAGE • 7,616 SF
      5236 Memorial Blvd, Kingsport, TN 37664-4426
      View Details
    • Value Estimation
      $2,325,000
      18,730 SF

      2405 Sherwood Rd

      WAREHOUSE, STORAGE • 18,730 SF
      2405 Sherwood Rd, Kingsport, TN 37664-3703
      View Details
    • Value Estimation
      $840,000
      24,452 SF

      2453 Sherwood Rd

      WAREHOUSE, STORAGE • 24,452 SF
      2453 Sherwood Rd, Kingsport, TN 37664-3780
      View Details
    • Value Estimation
      $505,000
      9,216 SF

      Park St

      WAREHOUSE, STORAGE • 9,216 SF
      Park St, Kingsport, TN 37664
      View Details
    • Value Estimation by Request
      5,050 SF

      1783 Ft Henry Dr

      WAREHOUSE, STORAGE • 5,050 SF
      1783 Ft Henry Dr, Kingsport, TN 37664-3226
      View Details
    • Value Estimation
      $1,205,000
      15,764 SF

      1820 Eastman Rd

      WAREHOUSE, STORAGE • 15,764 SF
      1820 Eastman Rd, Kingsport, TN 37664-2312
      View Details

    Similar Nearby for Sale

    • $1,600,000

      Office Building with Warehouse Space

      Office building with warehouse and separate paved parking outparcel.
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    • $599,000
      7,912 SF

      Kingsport Commercial Property For Sale

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    • $250,000
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      Kingsport Commercial Building For Sale

      Prime Retail Space, 1,596 sq ft
      1916 Sherwood Rd, Kingsport, TN 37664
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    • $219,000
      1.04 Acres

      Kingsport Land Parcel For Sale

      7.32 acres of land for residential development near Memorial Blvd.
      Eaton Sta Rd, Kingsport, TN 37664
      View Details
    • $815,000
      2,094 SF

      Commercial Building with Income Potential

      Commercial building suitable for various uses, ready for occupancy.
      1637 N Eastman Rd, Kingsport, TN 37664
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    • $300,000

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      Building and land on major commercial corridor in downtown Kingsport.
      2013 E Center St, Kingsport, TN 37664
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    Similar Nearby for Lease

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    • $20 SF/Yr
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      Endcap retail space available in busy East Kingsport shopping center.
      1880 North Eastman Rd, Kingsport, TN 37664
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    • $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
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    • $12 SF/Yr
      2,100 SF

      Goose Creek Center Office Space

      Kingsport, TN Executive Office Suite - 2,100 SF
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    • 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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    3216 Memorial Blvd
    Kingsport, TN 37664-3461
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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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