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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Warehouses
9959 Airport Pkwy Kingsport, TN 37663-3959
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0498592
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
FRAME
Total area
20,400 SF
Lot
2.18 ac (94,961 SF)
Zoning code
B-3
APN
082078 09820
UPID
US80-0498592
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
$2.94M
CAP Approach
CAP
$2.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.70M
Owner & transaction history
Malachite 9951 Airport Pkwy LLC · 3 yrs held
Malachite 9951 Airport Pkwy LLC
since 2022
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
B-3 · Kingsport, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.7M
+126.5%
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
$2,865,000
ML approach
$2,940,000
CAP Approach
CAP Return
Estimation
6%
$2,735,000
6.5%
$2,525,000
7%
$2,345,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,650,000
Change: +126% · Conversion: Difficult
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±10% · vs last sale $2.58M (Sep 15 2022)
Last sale anchor
$2.58M
Sep 15 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
$132 / 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
$284,240
Assessed 2023
Previous assessed
$284,240
+0.0% YoY
Assessed land
$75,280
Assessed improvement
$208,960
Land market value
$188,200
Improvement market value
$522,400
Total market value
$710,600
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
0
Total area
20,400 SF
Lot
2.18 ac (94,961 SF)
Zoning code
B-3
APN
082078 09820
UPID
US80-0498592
Jurisdiction
SULLIVAN
Zoning & alternative use
B-3 · Kingsport, TN
Zoning B-3 · permitted uses
B-3 · Kingsport, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Kingsport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$2.7M
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
1989
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
0
Lot
2.18 ac
Current owner
From public records · entity-resolved
Malachite 9951 Airport Pkwy LLC
Entity
Mailing address
250 VESEY ST FL, NEW YORK, NY 10281-1052
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2026
—
Malachite 9951 Airport Pkwy LLC
—
Deed
related
$75,225,994 · Tpg Ag Cre It LLC
Sep 15, 2022
$2,579,554
Malachite 9951 Airport Pkwy LLC
10fss 9951 Airport Pkwy Kingsport T
Special Warranty Deed
$61,120,000 · Cim Re Lending Sub LLC
Sep 25, 2020
—
10fss 9951 Airport Pkwy Kingsp
—
Deed
related
$1,323,528 · First Carolina Bk
May 19, 2020
$1,515,000
10fss 9951 Airport Pkwy Kingsp
Derek W Dyer
Grant Deed
—
Jul 11, 2019
—
Derek W Dyer
—
Deed
related
$420,000 · Other Institutional Lenders
Sep 7, 2018
—
Derek Dyer
—
Trustees Deed
related
$402,500 · New Peoples Bk
Sep 13, 2010
—
Rikki Rhoten
Owner,record
Grant Deed
related
—
Apr 2, 2009
$335,500
Rikki Rhoten
Owner,record
Warranty Deed
related
—
—
—
Derek W Dyer
—
Deed Of Trust
related
$420,000 · Other Institutional Lenders
—
—
Derek Dyer
—
Deed Of Trust
related
$575,000 · New Peoples Bk
—
—
10fss 9951 Airport Pkwy Kingsp
—
Deed Of Trust
related
$1,323,528 · First Carolina 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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