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    For Sale (50)

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    Commercial Land in Prime Location
    $595,000
    1.63 Acres

    Commercial Land in Prime Location

    1.63 acre commercial site with high visibility.

    3323 Lee Hwy, Bristol, VA 24202
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    Commercial Land in Norton, VA
    $495,000
    5.80 Acres

    Commercial Land in Norton, VA

    5.799 acre commercial development site with high traffic exposure.

    Highway 58, Norton, VA 24273
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    Prime Commercial Land in Bristol
    $995,000
    1.82 Acres

    Prime Commercial Land in Bristol

    1.8-acre commercial property with high visibility on Volunteer Parkway.

    112 Volunteer Pkwy, Bristol, TN 37620
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    Bristol, TN Triplex Investment
    $315,000
    2,190 SF

    Bristol, TN Triplex Investment

    Well-maintained triplex in Bristol, TN, near downtown and attractions.

    1703 Windsor Ave, Bristol, TN 37620
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    Historic Downtown Commercial Property
    $675,000
    3,634 SF

    Historic Downtown Commercial Property

    Adaptable commercial space in Bristol's historic downtown district.

    171 Piedmont Ave, Bristol, VA 24201
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    Residential Land with Mountain Views
    $159,900
    11.40 Acres

    Residential Land with Mountain Views

    11+ acres for dream home or mini-farm near amenities.

    11+ Acres Campground Rd, Bristol, VA 24202
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    Secluded Mountain Retreat in Damascus
    $98,500
    17.06 Acres

    Secluded Mountain Retreat in Damascus

    17.06 acres of land near outdoor recreation trails.

    138 Birch Ln, Damascus, VA 24236
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    Turn-Key Office in Bristol Heart
    $479,900
    2,694 SF

    Turn-Key Office in Bristol Heart

    Remodeled office building with charm, character, and high visibility.

    512 Alabama St, Bristol, TN 37620
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    Residential Building Lot in Bristol
    $59,900

    Residential Building Lot in Bristol

    Residential lot in Bristol, TN, ready for slab construction.

    230 Monroe Dr, Bristol, TN 37620
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    Residential Building Lot in Bristol
    $59,900

    Residential Building Lot in Bristol

    Residential lot in Bristol, TN, ready for slab construction.

    296 Monroe Dr, Bristol, TN 37620
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    Residential Building Lot in Bristol
    $59,900

    Residential Building Lot in Bristol

    Residential land in Bristol, Tennessee, ready for construction.

    334 Monroe Dr, Bristol, TN 37620
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    Residential Building Lot in Bristol
    $59,900

    Residential Building Lot in Bristol

    Residential land for sale in Bristol, Tennessee.

    340 Monroe Dr, Bristol, TN 37620
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    Residential Building Lot in Bristol
    $59,900

    Residential Building Lot in Bristol

    Residential lot in Bristol, TN, ready for construction.

    348 Monroe Dr, Bristol, TN 37620
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    Residential Building Lot in Bristol
    $59,900

    Residential Building Lot in Bristol

    Residential lot in Bristol, TN, ready for slab construction.

    354 Monroe Dr, Bristol, TN 37620
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    Bristol Building Site with Views
    $49,900
    0.73 Acres

    Bristol Building Site with Views

    Residential land in Fox Ridge subdivision with mountain views.

    Kelly Ridge Rd, Bristol, TN 37620
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    Kingsport Commercial Land For Sale
    $299,900
    0.68 Acres

    Kingsport Commercial Land For Sale

    Commercial site in the heart of Kingsport with high visibility.

    4260 W Stone Dr, Kingsport, TN 37660
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    Kingsport Commercial Land Opportunity
    $199,900
    0.99 Acres

    Kingsport Commercial Land Opportunity

    Prime commercial land in Kingsport with high visibility.

    606 Hollis St, Kingsport, TN 37660
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    Kingsport Commercial Land on Stone
    $299,900
    0.67 Acres

    Kingsport Commercial Land on Stone

    Commercial land in the heart of Kingsport with high visibility.

    4260 W Stone Dr, Kingsport, TN 37660
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    Commercial Land in Prime Location
    $595,000
    1.63 Acres

    Commercial Land in Prime Location

    1.63 acre commercial land with high visibility.

    3323 Lee Hwy, Bristol, VA 24202
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    Residential Land in Golf Community
    $195,000
    0.73 Acres

    Residential Land in Golf Community

    Land in The Virginian golf community with mountain views.

    186 Exclamation Pt, Bristol, VA 24202
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    Turnkey Fourplex in Gray, TN
    $589,900
    3,750 SF

    Turnkey Fourplex in Gray, TN

    Remodeled four-unit property with strong rental income potential.

    127 Patrick Ln, Gray, TN 37615
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    Residential Land in Sherwood Forest
    $99,900
    0.61 Acres

    Residential Land in Sherwood Forest

    Residential land for sale in a desirable Bristol location.

    Skyline Dr, Bristol, TN 37620
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    Residential Lot in Belle Brooke
    Contact for pricing
    0.47 Acres

    Residential Lot in Belle Brooke

    Residential lot in Belle Brooke Est subdivision, Bristol, Tennessee.

    146 Cloudland Dr, Bristol, TN 37620
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    Kingsport Commercial Land For Sale
    $199,900
    0.99 Acres

    Kingsport Commercial Land For Sale

    Commercial land in the heart of Kingsport with high visibility.

    606 Hollis St, Kingsport, TN 37660
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    Commercial Building in Central Bristol
    $209,900
    864 SF

    Commercial Building in Central Bristol

    Commercial building with high visibility and strong accessibility.

    1704 Shelby St, Bristol, TN 37620
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    Bluff City Land with Creek
    $179,900
    6.19 Acres

    Bluff City Land with Creek

    6+ acre lot with creek, mountain views, utilities available.

    Weaver Branch Rd, Bluff City, TN 37618
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    Retail Investment Opportunity
    $395,000
    920 SF

    Retail Investment Opportunity

    Retail building with NNN lease in high-traffic Elizabethton corridor.

    1201 Highway 19E Byp, Elizabethton, TN 37643
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    Jonesborough Land with Commercial Potential
    $199,900
    1.04 Acres

    Jonesborough Land with Commercial Potential

    Over one acre building site near downtown Jonesborough.

    Hwy 11e, Jonesborough, TN 37659
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    Versatile Acreage in Kingsport, TN
    $279,900
    43.67 Acres

    Versatile Acreage in Kingsport, TN

    43+ acre tract with development potential in Kingsport, Tennessee.

    Off Mullins St, Kingsport, TN 37665
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    Commercial Development Site in Norton
    $525,000
    4.64 Acres

    Commercial Development Site in Norton

    4.644 acre commercial development site with high traffic exposure.

    Highway 58, Norton, VA 24273
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    Versatile Commercial Building in Kingsport
    $995,000
    4,000 SF

    Versatile Commercial Building in Kingsport

    4,000 sqft commercial building on almost an acre.

    3930 E Stone Dr, Kingsport, TN 37660
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    Kingsport Multifamily Investment Opportunity
    $2,195,000
    24,420 SF

    Kingsport Multifamily Investment Opportunity

    24-unit multifamily property in Kingsport, TN with value-add potential.

    1425-1405 Stratford Rd, Kingsport, TN 37664
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    Downtown Bristol Commercial Building
    $1,250,000
    17,929 SF

    Downtown Bristol Commercial Building

    17,900+ sqft commercial building in historic downtown Bristol.

    513 State St, Bristol, VA 24201
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    Bristol TN Triplex Investment Opportunity
    $315,000
    2,190 SF

    Bristol TN Triplex Investment Opportunity

    Well-maintained triplex in Bristol, Tennessee, with strong rental potential.

    1703 Windsor Ave, Bristol, TN 37620
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    Kingsport Commercial Property For Sale
    $1,595,000
    13,000 SF

    Kingsport Commercial Property For Sale

    Iconic 13,000+ sqft property with B3 zoning on 0.97 acres.

    1225 E Stone Dr, Kingsport, TN 37660
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    Bristol Commercial Property Near Casino
    $2,195,000
    3,321 SF

    Bristol Commercial Property Near Casino

    Turnkey commercial operation with high visibility and growth potential.

    245 Gate City Hwy, Bristol, VA 24201
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    Bristol Commercial Property Near Casino
    Contact for pricing
    3,321 SF

    Bristol Commercial Property Near Casino

    Turnkey commercial property with high visibility and multiple revenue streams.

    245 Gate City Hwy, Bristol, VA 24201
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    Norton Commercial Development Site
    Contact for pricing

    Norton Commercial Development Site

    4.644 acre commercial development site in Norton, Virginia.

    Lot 1 Hwy 58, Norton, VA 24273
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    Norton Commercial Development Opportunity
    Contact for pricing

    Norton Commercial Development Opportunity

    5.799-acre commercial development site with high traffic exposure.

    Lot 2 Hwy 58, Norton, VA 24273
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    Bristol Commercial Property - High-Yield Investment
    $2,750,000
    3,321 SF

    Bristol Commercial Property - High-Yield Investment

    Prime Bristol location, high-traffic, turnkey operation.

    245 Gate City Hwy, Bristol, VA 24201
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    Bristol Commercial Building - High Visibility
    $425,000
    2,400 SF

    Bristol Commercial Building - High Visibility

    Prime Bristol location, 2400 sqft, high traffic.

    227 Bluff City Hwy, Bristol, TN 37620
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    Jonesborough Building Site For Sale
    Contact for pricing

    Jonesborough Building Site For Sale

    Over one acre graded site ready for construction near downtown.

    Us-11E, Jonesborough, TN 37659
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    Iconic Victorian with Modern Functionality
    $749,900
    6,184 SF

    Iconic Victorian with Modern Functionality

    Historic Victorian building with commercial kitchen and ample parking.

    412 6Th St, Bristol, TN 37620
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    Kingsport Commercial Property on Stone
    $1,595,000
    13,000 SF

    Kingsport Commercial Property on Stone

    Over 13,000 sqft on 0.97 acres with B3 zoning.

    1225 Stone Dr, Kingsport, TN 37660
    View details
    Prime Location Development Opportunity
    $995,000

    Prime Location Development Opportunity

    1.8 acres in the heart of Bristol, B-2E zoning.

    112 Volunteer Pkwy, Bristol, TN 37620
    View details
    Kingsport Commercial Site on Stone
    $299,900

    Kingsport Commercial Site on Stone

    Commercial land in the heart of Kingsport with high visibility.

    4260 Stone Dr, Kingsport, TN 37660
    View details
    Historic Downtown Commercial Space
    $675,000
    4,109 SF

    Historic Downtown Commercial Space

    Adaptable commercial space in Bristol's historic downtown district.

    171 Piedmont Ave, Bristol, VA 24201
    View details
    Kingsport Multifamily Investment Opportunity
    $2,195,000
    24,420 SF

    Kingsport Multifamily Investment Opportunity

    24-unit multifamily property with value-add potential in Kingsport, Tennessee.

    1405 Stratford Rd, Kingsport, TN 37664
    View details
    Kingsport Industrial Flex Space
    $1,350,000
    8,000 SF

    Kingsport Industrial Flex Space

    8,000 SqFt industrial flex space with 5.88% CAP rate.

    10384 Wallace Alley St, Kingsport, TN 37663
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    Commercial Building in Central Bristol
    $209,900
    864 SF

    Commercial Building in Central Bristol

    Versatile commercial building in a high-traffic, accessible location.

    1704 Shelby St, Bristol, TN 37620
    View details

    For Lease (3)

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    Virginia Residential Portfolio For Rent
    $4,671,553
    21,425 SF

    Virginia Residential Portfolio For Rent

    Eleven single-family properties leased to national operator, ResCare Community Living.

    14420 Peaceful Valley Rd, Abingdon, VA 24210
    View details
    Industrial Space Secured by NNN
    $1,350,000
    8,000 SF

    Industrial Space Secured by NNN

    8,000 SF industrial space with NNN lease in Kingsport.

    10384 Wallace Alley St, Kingsport, TN 37663
    View details
    Iconic Victorian with Modern Functionality
    $749,900
    6,184 SF

    Iconic Victorian with Modern Functionality

    Historic Victorian property reimagined for modern use in downtown Bristol.

    412 6Th Street Ext, Bristol, TN 37620
    View details

    Leases and Sales on Map

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    The Addington Agency Bristol
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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
    The Addington Agency Bristol
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