Property profile

505 Ctr St Kingsport, TN 37660

OFF-MARKET
Office Spaces
Property ID
US80-1783014
2,306 SF 105 ac lot Built 1926
Individually Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This Kingsport, TN investment property offers three separate structures totaling 3,086 square feet on a single lot, zoned B-2E. The property comprises two renovated two-story residential buildings, each approximately 1,600-1,800 square feet, currently generating $1,500 monthly rent each. Both have been adapted for office use, featuring multiple offices, reception areas, kitchens, and bathrooms. One building boasts a full kitchen and laundry facilities on the upper level, while the other offers living quarters upstairs in addition to the office space on the main level. Both buildings are brick structures with hardwood floors, plaster and drywall interiors, central HVAC, and attached carports. They sit on concrete block foundations over crawl spaces. A third, smaller 620-square-foot auxiliary building, also modified for office use, is leased separately for $400 per month. This building includes a reception/waiting area, two offices, and a half-bath. All three buildings offer off-street parking. Floor plans are available. Current leases are accessible upon request. The property may be divisible into separate parcels. The sale is "as-is."

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1926
Total area 2,306 SF
Lot 105 ac (4,573,800 SF)
APN 082046O F 01900
UPID US80-1783014

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service Bank

Location

505 Ctr St Kingsport, TN 37660-4805
Kingsport metro Census 40200 KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$345k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 505 Ctr St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message