1361 Wilcox DrKingsport, TN 37660

  • Office properties
  • 7,318 SF
For Sale
$1,269,100 View listing

Property Details for 1361 Wilcox Dr

Year built
2013
Lot size
77.00 AC
Property size (Sq ft)
7,318 SF
Zone code
R-1
Property type
Office properties
Property subtype
Other office properties
APN
082076A B 00100
APU
082076AB00100

Description

This exceptional 7,252 square foot, two-story Class B office building, constructed in 2012, is ideally situated in Kingsport, Tennessee, at 1361 S Wilcox Dr, 37660. The property boasts a convenient location, offering easy access from I-26 via exit 3. The building features 32 parking spaces and is zoned B-3, perfect for a highway-oriented business. The upper level encompasses 4,852 square feet and includes nine offices, twelve hard-walled cubicles, two conference rooms, a waiting/reception area, break room, server room, copier area, and two restrooms. Amenities include a hard ceiling with surface-mounted lights and pull-down attic access. The lower level, spanning 2,400 square feet, offers direct access to the rear parking lot and features two offices, eight hard-walled cubicles, a reception desk, conference room, break room, file storage area, copier area, two restrooms, and a mechanical/electrical room. This owner/user investment opportunity is priced at $1,269,100, translating to $175 per square foot. The property's APN is 076A B 001.00. This well-maintained building presents a fantastic opportunity for a business seeking a functional and conveniently located office space. The building's layout is highly adaptable to various business needs, offering ample space for both individual offices and collaborative work areas. Its proximity to the Kingsport Aquatic Center and Eastman Credit Union Support Center adds to its appeal.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,412,168
    6.5%
    $1,303,540
    7%
    $1,210,430
  • Comparable approach

    Method
    Valuation
    Relative Method
    $602,491
    Geo Method
    $602,491
  • Alternative Use

    Use
    Valuation
    Residential
    $1,616,389
    Hospitality
    $1,480,604
    Educational
    $1,231,845
    Medical
    $1,274,210
    Retail
    $1,916,203
1361 Wilcox Dr, Kingsport, Tennessee

Location Insight

City
Kingsport
County
Sullivan
State
Tennessee
Latitude
36.5152
Longitude
-82.5621
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
-
$7,360
$272,320
$279,680
-
$18,400
$680,800
$699,200

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