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Property profile & analytics
OFF-MARKET
Estimated value
$2,085,000
Medical Office Space
698 Clinchfield St, Kingsport, TN 37660-3630
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0793565
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,889 SF
Lot
2.78 ac (121,097 SF)
APN
082046H C 00700
UPID
US80-0793565
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. Joseph R. Morin Jr, MD Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.38M
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.09M
Owner & transaction history
Oak And Prosper LLC · 4 yrs held
Oak And Prosper LLC
since 2022
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,425,000
ML approach
$2,380,000
CAP Approach
CAP Return
Estimation
6%
$1,710,000
6.5%
$1,575,000
7%
$1,465,000
Blend value · Realmo final
$2.09M
Range $1.88M – $2.29M · ±10% · vs last sale $2.03M (May 16 2022)
Last sale anchor
$2.03M
May 16 2022
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
$235 / 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
$385,400
Assessed 2023
Previous assessed
$385,400
+0.0% YoY
Assessed land
$57,560
Assessed improvement
$327,840
Land market value
$143,900
Improvement market value
$819,600
Total market value
$963,500
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
AC.PACKAGE
Buildings
2
Stories
1
Units
1
Bathrooms
13
Total area
8,889 SF
Lot
2.78 ac (121,097 SF)
APN
082046H C 00700
UPID
US80-0793565
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
Building & site characteristics
From public records
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Bathrooms
13
Lot
2.78 ac
Current owner
From public records · entity-resolved
Oak And Prosper LLC
Entity
Mailing address
1524 BRIDGEWATER LN STE #102, KINGSPORT, TN 37660-4183
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2022
—
Oak And Prosper LLC
—
Deed
related
$200,000 · Citizens Bank
May 16, 2022
$2,025,000
Oak And Prosper LLC
Dahal Akoury
Warranty Deed
$1,700,000 · Citizens Bank
Apr 6, 2022
—
The Marmina Trust
Dalal Akoury
Quit Claim Deed
related
—
Mar 20, 2020
$660,000
Dalal Akoury
Cu Eastman
Grant Deed
—
Jan 25, 2016
$725,000
Eastman Cu
Hanor Mark S|morin Ents LLC
Trustees Deed
related
—
Oct 10, 2014
—
City Of Kingsport
Morin Ents LLC
Grant Deed
related
—
Nov 14, 1994
—
J R Morin JR.
Chetwood,j Fred
Grant Deed
related
—
Mar 8, 1994
$160,000
J Fred Chetwood
Unknown
Grant Deed
—
Feb 24, 1994
$160,000
Paula Smith
Unknown,
Grant Deed
—
—
—
J Fred Chetwood
—
Deed Of Trust
related
$135,000 · Frzier Carl D
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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