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    For Sale (11)

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    Bristol Multifamily Investment Opportunity
    $425,000
    2,817 SF

    Bristol Multifamily Investment Opportunity

    Income-producing property near Hard Rock Casino with expansion potential.

    2412 Bradley St, Bristol, VA 24201
    View details
    38.9 Acres of Agricultural Land
    $720,900
    38.90 Acres

    38.9 Acres of Agricultural Land

    Prime agricultural land with development potential and mountain views.

    Old Buffalo Rd, Johnson City, TN 37601
    View details
    Kingsport Land in Cul-de-Sac
    $50,000
    0.81 Acres

    Kingsport Land in Cul-de-Sac

    0.81 acre lot in a desirable Kingsport neighborhood.

    Pawnee Ct, Kingsport, TN 37664
    View details
    Unicoi Land Ready to Build
    $42,000
    0.82 Acres

    Unicoi Land Ready to Build

    0.82 acre residential land near the interstate.

    1021 Marbleton Rd, Unicoi, TN 37692
    View details
    Greeneville Farmland with Mountain Views
    $250,000
    10.67 Acres

    Greeneville Farmland with Mountain Views

    East Tennessee farm land with open space and mountain views.

    5517 Poplar Springs Rd, Greeneville, TN 37743
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    Rare Land Near South Holston
    $409,500
    10.87 Acres

    Rare Land Near South Holston

    10.87 acre property near South Holston Lake.

    661 Tennessee 44, Bristol, TN 37620
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    Turn-Key Gas Station and Deli
    $765,000
    3,960 SF

    Turn-Key Gas Station and Deli

    Profitable gas station, deli, and apartment in Fall Branch.

    219 Fordtown Rd, Fall Branch, TN 37656
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    Greeneville Commercial Land Opportunity
    $250,000
    3.26 Acres

    Greeneville Commercial Land Opportunity

    3.26-acre B4-zoned land ready for development on W Andrew Johnson Highway.

    W Andrew Johnson Hwy, Greeneville, TN 37743
    View details
    Remodeled Commercial Space, Johnson City
    $649,500
    3,500 SF

    Remodeled Commercial Space, Johnson City

    3,500 SF remodeled property in revitalized downtown district.

    331 W Walnut St, Johnson City, TN 37604
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    Wooded Lot in Rogersville, TN
    $55,000
    3.70 Acres

    Wooded Lot in Rogersville, TN

    Serene 3.7-acre wooded lot perfect for building your dream home.

    Bunker Hill Rd, Rogersville, TN 37857
    View details
    Country Store with Residential Unit
    $799,000
    1,512 SF

    Country Store with Residential Unit

    Long-standing country store with gas pumps and residential unit.

    104 Old Persia Rd, Rogersville, TN 37857
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    For Lease (6)

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    Former Coca-Cola Distribution Center
    $36,502
    62,574 SF

    Former Coca-Cola Distribution Center

    High-traffic location near Hard Rock Cafe Casino and I-81.

    1913 W State St, Bristol, VA 24201
    View details
    Downtown Bristol Commercial Space Available
    $1,800,000
    22,500 SF

    Downtown Bristol Commercial Space Available

    22,500 sq ft commercial space in thriving downtown Bristol, TN.

    628 State St, Bristol, TN 37620
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    Downtown Bristol Commercial Space Available
    $8,500 / Mo
    8,500 SF

    Downtown Bristol Commercial Space Available

    8,500 sq ft commercial space in thriving downtown Bristol, TN.

    628 State St, Bristol, TN 37620
    View details
    Former Coca-Cola Distribution Center
    $5,100,000
    62,574 SF

    Former Coca-Cola Distribution Center

    High-traffic location suitable for various commercial and industrial uses.

    1913 W State St, Bristol, VA 24201
    View details
    Versatile Commercial Space in Bristol, VA
    $2,400,000
    43,000 SF

    Versatile Commercial Space in Bristol, VA

    Adaptable commercial property near downtown Bristol, suitable for diverse uses.

    250 Commonwealth Ave, Bristol, VA 24201
    View details
    Versatile Commercial Space in Bristol
    $17,500 / Mo
    43,000 SF

    Versatile Commercial Space in Bristol

    37,000 SF commercial space suitable for various business ventures.

    250 Commonwealth Avenue Ext, Bristol, VA 24201
    View details

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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
    Hurd Realty
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