Bristol Office Building Near
Bristol, TN 37620, Bristol, TN 37620
- Added:
- Apr 2, 2026
- Days on Market:
- 52
- Last Refresh:
- May 23 at 3:06 pm
Property Features
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Spec Interest
- Parking
- 6
- Standard status
- Active
- Size
- 1,215 SF
- Lot size
- 0.33 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1082
Utilities
- Sewer type
- Public Sewer
- Heating system
- Heat Pump (Heating)
- Cooling system
- Central Air, Heat Pump
- Water source
- Public
Building Details
- Year built
- 2008
- Building materials
- Brick
- Roof type
- Shingle, Composition
Listing agent Tammy Childress License #364452 (423) 213-3924
Listing office CENTURY 21 Legacy Fort Henry 1757 Fort Henry Dr, Kingsport, TN (423) 239-6112
Listing date Apr 2, 2026
MLS# 9993259
Copyright © 2026 Tennessee Virginia Regional Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Located near downtown Bristol in a walkable, historic residential area.
- Two units, both currently under lease with tenants interested in continuing.
- Ample parking and an outside picnic area.
- Both units have ADA compliant bathrooms.
- Brick construction and relatively new build (2008).
- Unit 2 includes a reception area, office space, conference room, kitchenette, employee bathroom, and storage room; Unit 1 includes a waiting area, two office spaces, a storage closet, and utility room.
Overview
This brick office building is located near downtown Bristol in a walkable, historic residential area, close to downtown amenities, the YMCA, and local dining. The property includes ample parking and an outside picnic area. Unit 2 features a reception area, ADA compliant bathroom, an office space, conference room, kitchenette, employee bathroom, and storage room. Unit 1 includes a waiting area, two office spaces, an ADA compliant bathroom, a storage closet, and a utility room. The property is being sold AS IS WHERE IS. The lot size is 0.33 acres and the property size is 1215 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$197.1K
NOI $17,741 @ 9.00% cap · cautious / downside scenario
Moderate
$253.4K
NOI $17,741 @ 7.00% cap · market / base-case scenario
Aggressive
$354.8K
NOI $17,741 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.3k | $24.96 |
| − Vacancy | −$6.7k | −$5.49 |
| EGI | $23.7k | $19.47 |
| − OpEx | −$5.9k | −$4.87 |
| NOI | $17.7k | $14.60 |
1,215 SF · lease $24.96/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$253.4K
$221.8K – $295.7K
NOI $17,741 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$455.0K
$398.1K – $530.8K
NOI $31,850 @ 7.0% cap · market cap 11.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Map
- City
- Bristol
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.1758
- Latitude
- 36.5544
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Brick office building near downtown Bristol in historic residential area.
Where is this office building located?
The property is located at Bristol, TN.
What is the asking price?
The asking price for this property is $279,999.
What are key features of this property?
This property features: Located near downtown Bristol in a walkable, historic residential area.; Two units, both currently under lease with tenants interested in continuing.; Ample parking and an outside picnic area.
