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Property profile & analytics
FOR SALE
Warehouses
475 Morelock St, Kingsport, TN 37660
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3475869
For Sale
1 / 27
$949,900
475 Morelock St, Kingsport, TN 37660
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Construction
WOOD
Total area
5,600 SF
Lot
3.29 ac (143,312 SF)
Zoning code
B-3
APN
082031J A 00300
UPID
US80-3475869
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
-
A-1 Good Ol Boys Tree Services Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Riley Holdings Ltd · 1 yrs held
Riley Holdings Ltd
since 2024
Last sale
$802,000
7 recorded transactions
Zoning & alternative use
B-3 · Kingsport, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$730,000
+199.1%
Commercial (general)
$555,000
+127.1%
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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$730,000
Change: +199% · Conversion: Difficult
COMMERCIAL (GENERAL)
$555,000
Change: +127% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $802k (Sep 11 2024)
Last sale anchor
$802k
Sep 11 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
$143 / 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
$89,120
Assessed 2023
Previous assessed
$89,120
+0.0% YoY
Assessed land
$26,080
Assessed improvement
$63,040
Land market value
$65,200
Improvement market value
$157,600
Total market value
$222,800
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2004
Construction
WOOD
Heating
YES
Stories
1
Units
1
Bathrooms
1
Total area
5,600 SF
Lot
3.29 ac (143,312 SF)
Zoning code
B-3
APN
082031J A 00300
UPID
US80-3475869
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
MEDICAL BUILDING
Est. value
$730,000
COMMERCIAL (GENERAL)
Est. value
$555,000
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
2004
Construction
WOOD
Heating
YES
Stories
1
Units
1
Bathrooms
1
Lot
3.29 ac
Current owner
From public records · entity-resolved
Riley Holdings Ltd
Entity
Free & Clear · 1 yrs held
Mailing address
2835 US HWY 250TH ST SG, NORWALK, OH 44857-8864
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
$802,000
Riley Holdings Ltd
James H Griffith
Warranty Deed
—
Feb 11, 2020
$100,000
James H Griffith JR.
Cmnty Bk E Tn First
Grant Deed
—
Sep 6, 2019
$65,496
First Cmnty Bk & E Tn
Hood Kenneth C|white,k Allen
Trustees Deed
—
Aug 14, 2003
$90,000
K Allen White
Murray,kenneth
Grant Deed
—
Jul 11, 2003
$90,000
Shirley E Griffith
Murray,kenneth
Grant Deed
—
Jun 11, 1993
$2,000
David S Johnson
Unknown
Grant Deed
related
—
May 27, 1993
$2,000
Billy G Johnson
Unknown,
Grant Deed
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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