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Property profile & analytics
FOR SALE
Auto shops
3377 E Stone Dr Kingsport, TN 37660
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-1728659
For Sale
1 / 10
$375,000
3377 E Stone Dr, Kingsport, TN 37660
View Listing →
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,000 SF
Lot
0.84 ac (36,590 SF)
Zoning code
M-1
APN
082032 08400
UPID
US80-1728659
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
-
Dr Pepper Snapple Group Corporate Office
-
TAYLOR'S AUTO Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Michael Shelton Owen · 2 yrs held
Michael Shelton Owen
since 2024
Last sale
$600,000
2 recorded transactions
Zoning & alternative use
M-1 · Kingsport, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
(1) M-1, Light Manufacturing District. This zone is established for light industrial activities which are the least prone to create objectionable environmental problems related to smoke, noise, heat, odor, vibration, light and waste generation and disposal. (2) M-1R, Light Manufacturing Restricted District. This light industrial zone is similar to the M-1 di…
Zone name
Light Manufacturing District
General category
INDUSTRIAL
Zone area
279.87 ac
Top alternative use upside
Medical building
$650,000
+65.6%
Commercial (general)
$495,000
+25.8%
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$390,000
Current use
MEDICAL BUILDING
$650,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$495,000
Change: +26% · Conversion: Moderate
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Feb 20 2024)
Last sale anchor
$600k
Feb 20 2024
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
$120 / 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
$75,920
Assessed 2023
Previous assessed
$75,920
+0.0% YoY
Assessed land
$33,280
Assessed improvement
$42,640
Land market value
$83,200
Improvement market value
$106,600
Total market value
$189,800
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
For Sale
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Bathrooms
1
Total area
5,000 SF
Lot
0.84 ac (36,590 SF)
Zoning code
M-1
APN
082032 08400
UPID
US80-1728659
Jurisdiction
SULLIVAN
Zoning & alternative use
M-1 · Kingsport, TNZoning M-1 · permitted uses
M-1 · Kingsport, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
(1) M-1, Light Manufacturing District. This zone is established for light industrial activities which are the least prone to create objectionable environmental problems related to smoke, noise, heat, odor, vibration, light and waste generation and disposal. (2) M-1R, Light Manufacturing Restricted District. This light industrial zone is similar to the M-1 district, except that higher provisions are established for light and air and for physical appearance. (3) M-2, General Manufacturing District. This zone is established as a general industrial district in order to provide locations for a broad range of heavier industrial activities. (Code 1981, app. A, art. IV, § 6; Code 1998, § 114-186) CODE OF ORDINANCES City of Kingsport, Tennessee This chapter, 114, Zoning, is updated by the Planning Department with approved ordinance changes by the Planning Commission and Board of Mayor and Aldermen. For the official codified ordinances go to http://www.municode.com/Library/TN/Kingsport Page 47 of 219
Zone name
Light Manufacturing District
General category
INDUSTRIAL
Zone area
279.87 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$390,000
MEDICAL BUILDING
Est. value
$650,000
COMMERCIAL (GENERAL)
Est. value
$495,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
COMMERCIAL (GENERAL)
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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Stories
1
Units
1
Bathrooms
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Michael Shelton Owen
Individual
Free & Clear · 2 yrs held
Mailing address
655 BOOGY GOOK RD, BLOUNTVILLE, TN 37617
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 20, 2024
$600,000
Michael Shelton Owen
Miranda Hardie
Special Warranty Deed
—
Aug 29, 2022
—
John D Hall
John D Hall
Deed Of Distribution
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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