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5209 Memorial Blvd 15,350 SF Specialty Building Offered at $1,900,000 at a 6.74% Cap Rate in Kingsport, TN 37664
INVESTMENT HIGHLIGHTS
- REMOTELY MANAGED
- VALUE ADD
- LOW OPERATING EXPENSES
EXECUTIVE SUMMARY
Great investment opportunity with value add. This 137 unit self storage facility has low operating expenses and is remotely managed. There are security cameras already in place and the property is gated and fenced.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,900,000 | Building Class | B |
| Price Per SF | $123.78 | Lot Size | 3.03 AC |
| Sale Type | Investment | Building Size | 15,350 SF |
| Cap Rate | 6.74% | No. Stories | 1 |
| Sale Condition | Business Value Included | Year Built | 2005 |
| Property Type | Specialty | Parking Ratio | 0.98/1,000 SF |
| Property Subtype | Self-Storage | ||
| Zoning | B-3 | ||
| Price | $1,900,000 |
| Price Per SF | $123.78 |
| Sale Type | Investment |
| Cap Rate | 6.74% |
| Sale Condition | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Self-Storage |
| Building Class | B |
| Lot Size | 3.03 AC |
| Building Size | 15,350 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| Parking Ratio | 0.98/1,000 SF |
| Zoning | B-3 |
AMENITIES
- Signage
ABOUT 5209 MEMORIAL BLVD , KINGSPORT, TN 37664
Remotely managed, low operating cost, with some value add possibilities
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PROPERTY TAXES
| Parcel Number | 048-036.02 | Total Assessment | $195,160 |
| Land Assessment | $31,040 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $164,120 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
048-036.02
Land Assessment
$31,040
Improvements Assessment
$164,120
Total Assessment
$195,160
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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5209 Memorial Blvd
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