1999 Stone DrKingsport, TN 37660

Property Details for 1999 Stone Dr

Year built

1985

Construction

FRAME

Lot size

0.99 AC

Property size (Sq ft)

25,848 SF

Property type

Office properties

APN

082047P A 00515

APU

082047PA00515

Description

This exceptional office space is located in the iconic New People's Bank glass tower at 1999 E Stone Dr, Kingsport, TN 37660. The property offers multiple suites for lease, ranging from 311 square feet to a substantial 5,560 square feet, catering to diverse business needs. Currently available suites include various sizes, with Suite 300 (5,560 sq ft) boasting bright views and spacious layouts, immediately available. Lower-level suites are undergoing renovations, with anticipated completion in early 2024. Specific suite sizes and pricing vary

• CAP approach

  CAP return

  Valuation

  6%

  $5,652,990

  6.5%

  $5,218,150

  7%

  $4,845,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,128,070

  Geo Method

  $2,128,070

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $10,642,200

  Retail / Commercial

  $5,385,060

  Mixed-Use / Specialty

  $5,308,960

  Hospitality / Lodging

  $3,820,930

  Institutional / Educational

  $5,498,840

  Residential Income

  $6,433,640

  Multifamily

  $8,031,640

  Automotive / Energy

  $4,713,290

  Parking / Income-Based Land

  $1,682,720

  Restaurant / Food Service

  $2,639,780

  Healthcare / Senior Housing

  $5,502,600

Location Insight

City

Kingsport

County

Sullivan

State

Tennessee

Latitude

36.5444

Longitude

-82.5112

CBSA code

28700

CBSA name

KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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