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Property profile & analytics
FOR SALE
Retail space
809 E Sullivan St, Kingsport, TN 37660
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1714019
For Sale
1 / 60
$319,900
809 E Sullivan St, Kingsport, TN 37660
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Total area
3,380 SF
Lot
50 ac (2,178,000 SF)
APN
082046O H 04900
UPID
US80-1714019
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
-
Brents Rental Property Property Management Company
-
Kla Construction And Maintenance General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Jeremy Stiltner · 3 yrs held
Jeremy Stiltner
since 2022
Last sale
$745,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$440,000
+84.8%
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
$660,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$805,000
7%
$745,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$440,000
Change: +85% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $745k (Jul 21 2022)
Last sale anchor
$745k
Jul 21 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
$214 / 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
$31,480
Assessed 2023
Previous assessed
$28,200
+11.6% YoY
Assessed land
$7,200
Assessed improvement
$24,280
Land market value
$18,000
Improvement market value
$60,700
Total market value
$78,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Sale
Year built
1940
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Bathrooms
3
Total area
3,380 SF
Lot
50 ac (2,178,000 SF)
APN
082046O H 04900
UPID
US80-1714019
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
MEDICAL BUILDING
Est. value
$440,000
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
1940
Heating
FLOOR/WALL FURNACE
Stories
1
Units
1
Bathrooms
3
Lot
50 ac
Current owner
From public records · entity-resolved
Jeremy Stiltner
Individual
Mailing address
6312 HEATHERWOOD LN, KINGSPORT, TN 37663-3671
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
$745,000
Jeremy Stiltner
Robert Brents
Deed
$648,150 · Powell Valley National Bank
May 19, 2020
—
Robert Brents
—
Deed
related
$65,000 · Powell Vly Nat'l Bk
Aug 8, 2019
—
Robert Brents
Brents,arielle
Quit Claim Deed
related
—
May 23, 2017
$35,000
Robert Brents
Bayview Ln Svcg LLC
Grant Deed
—
Jan 9, 2007
$52,500
Robert Brents
Gibson,mack B
Warranty Deed
—
—
—
Robert M Brents
—
Deed Of Trust
related
$60,000 · First Bank & Trust
—
—
Robert Brents
—
Loan Modification
related
$65,000 · Powell Vly Nat'l Bk
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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