Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    719 Sullivan St Kingsport, TN 37660-3646

    • Auto shops
    • 7,718 SF
    • 0.68 lot acres
    OFF-MARKET
    Last Sale
    Sep 15, 2022
    $40,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2846625
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lee Fleet Maintenance / Truck Repair Shop

    Property Details for 719 Sullivan St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.68 lot acres
    Property size
    7,718 SF
    Property type
    Auto shops
    APN
    082046H A 00110
    APU
    082046HA00110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.5664
    Latitude
    36.5566
    CBSA code
    28700
    CBSA name
    KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $19,920
    $87,640
    $107,560
    -
    $49,800
    $219,100
    $268,900

    Comparable in this City

    • Value Estimation by Request
      8,400 SF

      1146 Bloomingdale Pike

      AUTO REPAIR, GARAGE • 8,400 SF
      1146 Bloomingdale Pike, Kingsport, TN 37660
      View Details
    • Value Estimation by Request
      1,410 SF

      1175 Bloomingdale Pike

      AUTO REPAIR, GARAGE • 1,410 SF
      1175 Bloomingdale Pike, Kingsport, TN 37660-2619
      View Details
    • Value Estimation by Request
      4,400 SF

      490 Brookside Dr

      AUTO REPAIR, GARAGE • 4,400 SF
      490 Brookside Dr, Kingsport, TN 37660-6611
      View Details
    • Value Estimation by Request
      1,624 SF

      726 Maple Oak Ln

      AUTO REPAIR, GARAGE • 1,624 SF
      726 Maple Oak Ln, Kingsport, TN 37660-4436
      View Details
    • Value Estimation
      $735,000
      6,528 SF

      2708 Stone Dr

      AUTO REPAIR, GARAGE • 6,528 SF
      2708 Stone Dr, Kingsport, TN 37660-5849
      View Details
    • Value Estimation by Request
      6,440 SF

      2101 Stone Dr

      AUTO REPAIR, GARAGE • 6,440 SF
      2101 Stone Dr, Kingsport, TN 37660-2337
      View Details

    Similar Nearby for Sale

    • $824,900
      8,120 SF

      East Stone Drive Commercial Property

      Two buildings totaling 8,120 SF on 1.8 acres.
      3379 E Stone Dr, Kingsport, TN 37660
      View Details
    • $184,900
      Pending

      Kingsport Commercial Property with Garage

      Commercial property with 2-bay garage, front office, and road frontage.
      2921 Bloomingdale Rd, Kingsport, TN 37660
      View Details
    • $444,000
      4,440 SF

      Commercial Property on East Stone

      Commercial opportunity with high traffic and superior visibility.
      1065 E Stone Dr, Kingsport, TN 37660
      View Details
    • $949,900
      800 SF

      Versatile Commercial Property in Kingsport

      5,600+/- SF commercial property with fenced lot in high-traffic area.
      475 Morelock St, Kingsport, TN 37660
      View Details
    • $895,000
      15,468 SF

      Kingsport Commercial Building with Parking

      15,468 SqFt building with parking on 1.91 acres.
      2008 American Way, Kingsport, TN 37660
      View Details
    • $680,000
      11,609 SF

      Historic Kingsport Retail Opportunity

      Renovation-ready retail property with historic charm in Kingsport.
      212 E Sullivan St, Kingsport, TN 37660
      View Details

    Similar Nearby for Lease

    • $1,750,000
      3,055 SF

      Kingsport Commercial Property For Lease

      Commercial property with warehouse and office space, available January 2026.
      1551 S Wilcox Dr, Kingsport, TN 37660
      View Details
    • $11 SF/Yr
      38,304 SF

      Kingsport Centre: Prime Office Space

      Historic Downtown Kingsport Office & Retail
      108 Main St, Kingsport, TN 37660
      View Details
    • $16 SF/Yr
      1,021 SF

      Remodeled Kingsport Building For Lease

      Remodeled building with retail and office suites available for lease.
      301 E Main St, Kingsport, TN 37660
      View Details
    • $949 /Mo
      500 SF

      Kingsport Retail Space For Lease

      Retail spaces available with storefront and included utilities in Kingsport.
      244 E Center St, Kingsport, TN 37660
      View Details
    • $13 SF/Yr
      5,300 SF

      Corner Restaurant Space For Lease

      High-visibility corner unit ideal for restaurant use.
      935 Wilcox Ct, Kingsport, TN 37660
      View Details
    • $16 SF/Yr
      667 SF

      Retail Space in Kingsport Center

      Retail spaces available in a high-traffic Kingsport shopping center.
      1103-1127 N Eastman Rd, Kingsport, TN 37660
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    719 Sullivan St
    Kingsport, TN 37660-3646
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.