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    Brokers
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    • Property Lookup
    • Brokers

    Debra Kennedy, Bristol, TN

    License ID: 0225194329
    Years of Experience
    28
    Association
    Bristol Tennessee Virginia Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (423) 956-4228
    Office Address:
    701 Bluff City Hwy, Bristol, TN, 37620

    Property Types

    • Commercial Lease
    • Land

    Performance

    Listings
    10
    Price range
    $30k - 785k
    Average price
    $408k

    Listings

    For Sale (5)

    View map
    • $349,000
      1,337 SF

      High-Visibility Commercial Property in Bristol

      Visible location near Hard Rock Hotel. Automotive sales or other uses.
      2245 Euclid Avenue Ext, Bristol, VA 24201
      View Details
    • $1,450,000
      24.49 Acres

      Boone Lake Waterfront Land Parcel

      24.49 acres with 1115+ ft lake frontage on Boone Lake.
      Old Muddy Creek Rd, Piney Flats, TN 37686
      View Details
    • $250,000
      0.40 Acres

      Commercial Lot Near Hard Rock

      Commercial lot with high visibility and easy access.
      Euclid Avenue Ext, Bristol, VA 24201
      View Details
    • $349,000
      1,337 SF

      Visible Location in Bristol

      High-visibility location suitable for automotive or retail businesses.
      2245 Euclid Ave, Bristol, VA 24201
      View Details
    • $250,000

      Commercial Lot on Euclid Avenue

      Commercial land with high visibility and easy access.
      Euclid Ave, Bristol, VA 24201
      View Details

    For Lease (5)

    View map
    • $6 SF/Yr
      9,670 SF

      Bristol Commercial Space with B-3 Zoning

      Versatile commercial property in Bristol with showroom, warehouse, and office space.
      W State St, Bristol, VA 24201
      View Details
    • $1,050,000
      9,670 SF

      Bristol Commercial Property with Flexible Layout

      Versatile commercial space with showroom, warehouse, and office areas.
      W State St, Bristol, VA 24201
      View Details
    • $850 /Mo
      1,300 SF

      Bristol, TN Commercial Flex Space

      Flex space suitable for storage or construction shop.
      1100 5Th St, Bristol, TN 37620
      View Details
    • $2,500 /Mo
      2,160 SF

      Renovated Commercial Space in Bristol

      Charming, open-concept space with high ceilings and abundant natural light.
      1100 5Th St, Bristol, TN 37620
      View Details
    • $1,050,000
      15,810 SF

      Bristol Retail Space with Visibility

      High-visibility retail space with flexible layout and ample parking.
      1615 W State St, Bristol, VA 24201
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Debra Kennedy, Bristol, TN
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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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Debra Kennedy, Bristol, TN
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