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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Ft Henry Dr Kingsport, TN 37663

    • Warehouses
    • 20,474 SF
    • 4.89 lot acres
    OFF-MARKET
    Last Sale
    Mar 10, 2022
    $1,000,000
    Value Estimations
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2426857
    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

    • Warehouses

    Property Details for Ft Henry Dr

    Year built
    1957
    Lot size
    4.89 lot acres
    Property size
    20,474 SF
    Zone code
    B-3
    Property type
    Warehouses
    APN
    082121A C 01100
    APU
    082121AC01100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,110,000
      ML approach
      $1,200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $746,000
      Market price range: $400k - $1.82M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,175,000
      Current use
      RETAIL STORES
      $1,525,000
      Change: +30% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,495,000
      Change: +27% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,370,000
      Change: +17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingsport
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.4648
    Latitude
    36.4504
    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
    $59,000
    $144,400
    $203,400
    -
    $147,500
    $361,000
    $508,500

    Comparable in this City

    • Value Estimation by Request
      6,200 SF

      5434 Ft Henry Dr

      WAREHOUSE, STORAGE • 6,200 SF
      5434 Ft Henry Dr, Kingsport, TN 37663-3751
      View Details
    • Value Estimation by Request
      6,042 SF

      5648 Ft Henry Dr

      WAREHOUSE, STORAGE • 6,042 SF
      5648 Ft Henry Dr, Kingsport, TN 37663-4619
      View Details
    • Value Estimation
      $910,000
      23,934 SF

      546 Eastern Star Rd

      WAREHOUSE, STORAGE • 23,934 SF
      546 Eastern Star Rd, Kingsport, TN 37663-3226
      View Details
    • Value Estimation
      $2,730,000
      15,000 SF

      9951 Airport Pkwy

      WAREHOUSE, STORAGE • 15,000 SF
      9951 Airport Pkwy, Kingsport, TN 37663-3959
      View Details
    • Value Estimation by Request
      4,276 SF

      5274 Ft Henry Dr

      WAREHOUSE, STORAGE • 4,276 SF
      5274 Ft Henry Dr, Kingsport, TN 37663-3707
      View Details
    • Value Estimation by Request
      4,800 SF

      Snapps Fry Rd

      WAREHOUSE, STORAGE • 4,800 SF
      Snapps Fry Rd, Kingsport, TN 37663
      View Details

    Similar Nearby for Sale

    • $1,299,000
      9,000 SF

      Kingsport Commercial Property For Sale

      High-visibility commercial property with versatile building and highway access.
      1251 Montvue Rd, Kingsport, TN 37663
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    • $1,385,000
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      Kingsport Industrial Property

      13,500 SF Multi-Use Building, 3.59 Acres
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    • $575,000
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      Highway 75 Commercial Land Opportunity

      Highly visible commercial site on Highway 75 near Tri-Cities Airport.
      3520 Highway 75, Kingsport, TN 37663
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    • Contact for pricing
      10.00 Acres

      Modern Flex Warehouse - Pre-Lease

      9,400 SF Flex Space, Ready to Build Out
      0 I-26 & I-81, Kingsport, TN 37663
      View Details
    • $4,800,000
      37,690 SF

      Kingsport Office Buildings For Sale

      Two connected office buildings totaling 37,690 SF on 4.73 acres.
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    • $2,100,000

      Prime Corner Parcel Near I-81

      3.8 acre commercial land parcel with high visibility.
      1000 Jericho Dr, Kingsport, TN 37663
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    Similar Nearby for Lease

    • $12 SF/Yr
      10,000 SF

      Versatile Warehouse with Office Space

      10,000 sqft Kingsport commercial building with office and warehouse space.
      10376 Wallace Alley St, Kingsport, TN 37663
      View Details
    • New
      $1,200 /Mo

      Commercial Lot Near Interstates

      Gated commercial lot ideal for storage, near I-26 and I-81.
      644 Eastern Star Road Ext, Kingsport, TN 37663
      View Details
    • New
      $750 /Mo
      Pending

      Kingsport Office/Retail Space For Rent

      864 SF office or retail space available for lease.
      105 Brookfield Dr, Kingsport, TN 37663
      View Details
    • $750 /Mo
      Pending

      Kingsport Office/Retail Space For Rent

      768 SF office/retail space available for lease in Kingsport.
      105 Brookfield Dr, Kingsport, TN 37663
      View Details
    • $20 SF/Yr
      4,200 SF

      Kingsport Restaurant - Prime Location

      4,200 SF Vacant Restaurant, High Traffic Area
      4250 Fort Henry Dr, Kingsport, TN 37663
      View Details
    • $10 SF/Yr
      1,600 SF

      Village Market Retail Space Available

      Blountville retail space, move-in ready.
      2445 Tn-75, Kingsport, TN 37663
      View Details
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    Ft Henry Dr
    Kingsport, TN 37663
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    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
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