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    100 Sportsway Drive Bristol, TN 37620

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    Claim this Listing
    For Sale
    $4,500,000

    COMMERCIAL - Bristol, TN

    Property size:
    630 SF
    Lot size:
    112.00 Acres
    Price / SF:
    $7,142/SF
    Added:
    Dec 30, 2024
    Days on Market:
    491
    Last Refresh:
    May 5 at 11:06 am

    Property Features for 100 Sportsway Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    A1/B3
    Standard status
    Active
    APN
    067071.00
    Size
    630 SF
    Lot size
    112.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1892

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Propane (Heating)
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    2003
    Building materials
    Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Carol Miller

    Listing agent Carol Miller License #309397

    Listing office North East Tennessee Real Estate, LLC 508 Princeton Rd Suite 106, TN

    Listing date Dec 30, 2024

    MLS# 9974676

    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.

    Overview

    Bristol Campground and Event Parking

    Located in East Tennessee, this property encompasses approximately 112 acres of rolling, mostly cleared land. Currently operating as Bristol Campground and Event Parking, it features 2674 sites suitable for RV and tent camping. The site includes 10.3 miles of roads, with the majority of campsites measuring 24 x 40, along with some 24 x 45 and 24 x 50 sites. A waste dumpsite is available for RVs, and some sites are equipped with water and electric hookups. Onsite amenities include a covered stage and an office building with a bedroom and bath. A seller-owned shower trailer with 16 stalls and 62 portable toilets may be included in the sale. Survey, campground layout map, utility map, and topo map are available for review. The property's three ridgelines offer potential homesites with views. Conveniently located near Johnson City, Bristol, Tri-Cities Airport, and Bristol Motor Speedway, the property is positioned to benefit from growth sectors in the local economy and may be suitable for a festival or music venue, youth sports, or residential country living. This listing represents a portion of Parcel ID# 067 071.00. City and county taxes are being recalculated for this portion and will be updated prior to sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Gym & Fitness Center Kitchen & Bath Showroom Electrical Service Plumbing Service Arcade & Gaming Center Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.233906
    Latitude
    36.514648

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    FAQs

    What type of property is this?
    Campground - 112-acre campground and event parking near Bristol Motor Speedway.
    Where is this campground located?
    The property is located at 100 Sportsway Drive Bristol, TN.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 112 acres of rolling, mostly cleared land featuring 2674 RV and tent camping sites.; Established Race week Campground with existing infrastructure, including digitized road maps (10.3 miles).; Potential for diverse revenue streams: festival/music venue, youth sports, or residential development.
    (423) 282-1050
    We can help!
    Listing Contact
    Carol Miller
    Real Estate License ID: 309397
    Learn More
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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.

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