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Property profile & analytics
OFF-MARKET
Estimated value
$2,045,000
Medical Office Space
875 Larry Neil Way, Kingsport, TN 37660-6368
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-2988667
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Construction
STEEL FRAME
Total area
16,543 SF
Lot
2 ac (87,120 SF)
APN
082046B A 00215
UPID
US80-2988667
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
-
Timothy D. Jenkins, MD Physician
-
Eric Parks, MD Physician
-
Watauga Orthopaedics: Jenkins Timothy MD Physician
-
Watauga Orthopaedics: Mc Rae Karen MD Physician
-
Wells J Michael MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$2.05M
Owner & transaction history
Kimberly Dawn Marden · 2 yrs held
Kimberly Dawn Marden
since 2024
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,150,000
Current use
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±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
$124 / 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
$1,301,080
Assessed 2023
Previous assessed
$1,301,080
+0.0% YoY
Assessed land
$112,000
Assessed improvement
$1,189,080
Land market value
$280,000
Improvement market value
$2,972,700
Total market value
$3,252,700
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
17
Total area
16,543 SF
Lot
2 ac (87,120 SF)
APN
082046B A 00215
UPID
US80-2988667
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 Current
Est. value
$2.2M
MEDICAL BUILDING Current
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
2016
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
17
Lot
2 ac
Current owner
From public records · entity-resolved
Kimberly Dawn Marden
Individual
Free & Clear · 2 yrs held
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2024
—
Kimberly Dawn Marden
Robert J Detroye
Quit Claim Deed
related
—
Nov 9, 2023
—
Robert J Detroye
Robert J Detroye
Intrafamily Transfer
related
—
Sep 21, 2022
—
Robert J Detroye Timothy D Jenkins
Aiken Investments LLC
Quit Claim Deed
related
—
Sep 8, 2021
—
Alan J Aiken
Karen Mcrae Doran
Quit Claim Deed
related
—
Dec 29, 2020
—
Mcquain Investments LLC
Mark T Mcquain
Quit Claim Deed
related
—
Nov 6, 2020
—
Aiken Investments LLC
Aiken Investments LLC
Quit Claim Deed
related
—
Sep 12, 2019
—
Aiken Investments LLC
Aiken Investments LLC
Quit Claim Deed
related
—
Nov 8, 2018
—
Aiken Investments LLC
Aiken Investments LLC
Quit Claim Deed
related
—
May 31, 2017
—
Aiken Investments LLC
Watauga Orthopaedics
Grant Deed
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.
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