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Property profile & analytics
OFF-MARKET Estimated value $720,000
Turn key restaurants

818 Jonathan Way Kingsport, TN 37660-1277

5,501 SF 2.68 ac lot Built 1999
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-0472607
Property summary
AI-generated overview

This exceptional Kingsport commercial property, located at 818 Jonathan Way, presents a remarkable investment opportunity. Boasting 5,500 square feet of space on a 2.68-acre lot, this property is ideally situated for high visibility and accessibility, with easy access to I-26 and a daily traffic count exceeding 22,000 vehicles. The property includes over 100 parking spaces, ensuring ample convenience for customers and employees. Built in 1999, the building is zoned R3, offering versatility for a wide range of commercial uses. Previously operating as a restaurant and bar, this adaptable space is suitable for various businesses, including but not limited to medical offices, retail spaces, or auto sales. The asking price is $995,000, translating to $180.91 per square foot. This single-unit property presents a rare chance to acquire a well-located, spacious commercial building in a thriving Kingsport market. All information is based on tax records and should be independently verified.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1999
Total area 5,501 SF
Lot 2.68 ac (116,741 SF)
APN 082045C A 00105
UPID US80-0472607
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$765k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$720k
Owner & transaction history
Mohamed Farrouki · 3 yrs held
Mohamed Farrouki
since 2023
Last sale
$715,000
6 recorded transactions
2023
$715,000
2019
Price N/A
2008
Price N/A
2007
$475,000
2004
$445,500
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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