Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Commercial real estate
520 Watauga St Kingsport, TN 37660-4332
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-1577857
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1954
Total area
9,309 SF
Lot
82 ac (3,571,920 SF)
APN
082046I D 01300
UPID
US80-1577857
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
-
Carter-Trent Funeral Homes Social Service Agency
-
Trent Dean Social Service Agency
-
ShareLife Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$978k
Blend (final)
Blend
$1.06M
Owner & transaction history
Matt Burbach · 2 yrs held
Matt Burbach
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$920,000
Current use
MEDICAL BUILDING
$1,210,000
Change: +32% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10%
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
$113 / 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
$246,520
Assessed 2023
Previous assessed
$246,520
+0.0% YoY
Assessed land
$14,760
Assessed improvement
$231,760
Land market value
$36,900
Improvement market value
$579,400
Total market value
$616,300
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
1954
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
3
Total area
9,309 SF
Lot
82 ac (3,571,920 SF)
APN
082046I D 01300
UPID
US80-1577857
Jurisdiction
SULLIVAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$920,000
MEDICAL BUILDING
Est. value
$1.2M
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
1954
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
3
Lot
82 ac
Current owner
From public records · entity-resolved
Matt Burbach
Individual
Free & Clear · 2 yrs held
Mailing address
369 N NEW YORK AVE STE #300, WINTER PARK, FL 32789-3124
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
—
Matt Foster
—
Deed
related
$560,417,500 · Bmo Bank NA
Jun 5, 2024
—
Matt Burbach
Fip Master Funding Xvi LLC
Lease
—
Jul 17, 2023
$1,649,895
Pip Master Funding Xvi LLC
Fpg America LLC
Special Warranty Deed
$1,650,000 · Citibank NA
Sep 9, 2021
—
Fpg America LLC
—
Deed
related
$315,000,000 · Bmo Harris Bank NA
Aug 18, 2020
—
Fpg America LLC
—
Deed
related
—
Nov 8, 2019
—
Fpg America LLC
—
Deed
related
$725,000 · Bank Of America
Nov 8, 2018
—
Fpg America LLC
—
Deed
related
$725,000 · Bank Of America
Jun 15, 2016
—
Fpg America LLC
—
Deed
related
—
Mar 2, 2012
$725,000
Fpg America LLC
Trent,dean E & Martha T
Grant Deed
—
—
—
Fpg America LLC
—
Loan Modification
related
$725,000 · Bank Of America
—
—
Fpg America LLC
—
Loan Modification
related
$725,000 · Bank Of America
—
—
Fpg America LLC
—
Loan Modification
related
—
—
—
Fpg America LLC
—
Loan Modification
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
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 520 Watauga 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.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
