B-3 Storefront Commercial
New
For Sale
Contact for pricing
1232 Volunteer Pkwy, Bristol, TN 37620
Level commercial parcel with public utilities and concrete block construction.
Property Size900 SF
Lot Size0.18 Acres
Price / SF$305.56
Days on Market7
Property Features for 1232 Volunteer Pkwy
General Information
Standard status
Active
Size
900 SF
Lot size
0.18 Acres
Property subtype
RETAIL
Zoning
B-3
Site & Location
Traffic Count
18,399 vehicles/day
Utilities to Site
Yes
Building Details
Construction
concrete block
Listing Agency:
TCI Group-Jerry Petzoldt Agency LLC
(865) 274-1746
Listed By:
Megan Helton
(865) 274-1746
Source:
Moodyscre
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 10 at 10:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TCI Group-Jerry Petzoldt Agency LLC
Investment Insights
Based on property information with market context.
This storefront property includes a 900-square-foot commercial building on a level 0.18-acre parcel. The structure features concrete block construction and is supported by public water, sewer, electric, and natural gas service. B-3 commercial zoning accommodates retail, office, service, and other commercial uses identified for the property. The building and site offer a straightforward base for continued occupancy or physical updates.
Located along Volunteer Parkway in Bristol, the property records approximately 18,399 vehicles in average daily traffic. Commercial activity has been associated with the site for approximately 50 years, providing an established operating history along the corridor. The parcel also contains 7,841 square feet of land and offers access to the existing utility infrastructure.
Located along Volunteer Parkway in Bristol, the property records approximately 18,399 vehicles in average daily traffic. Commercial activity has been associated with the site for approximately 50 years, providing an established operating history along the corridor. The parcel also contains 7,841 square feet of land and offers access to the existing utility infrastructure.
Key Highlights
- 900 SF commercial building on a 0.18‑acre level lot
- B‑3 Commercial Zoning
- Approximately 18,399 Average Daily Traffic (ADT)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,906
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$278,120
$278.1K
Cap Rate 7%
$198,657
$198.7K
Cap Rate 9%
$154,511
$154.5K
Market Conditions
NOI Build-Up for 900 SF
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.
Gross rent
$20.7K $23.04/SF
− Vacancy
−$871 −$0.97/SF
EGI
$19.9K $22.07/SF
− OpEx
−$6.0K −$6.62/SF
NOI
$13.9K $15.45/SF
Area
Sullivan County, TN
Vacancy
4.20%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$278,120
Cap Rate 7%
$198,657
Cap Rate 9%
$154,511
Alternative Uses
Best Use
Retail
$198.7K
$173.8K – $231.8K
NOI $13,906 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.0K
$294.9K – $393.2K
NOI $23,592 @ 7.0% cap · market cap 8.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,399 VPD
Traffic count
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37620, TN
38,245
Population
18,119
Households
2.1
Avg Household Size
45
Median Age
26%
College-Educated
90%
High-School Grad
128.2 sq mi
ZIP Area
298
Density / Sq Mi
$54,908
Median Household Income
$36,017
Median Earnings
$809
Median Rent
$175,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Level commercial parcel with public utilities and concrete block construction.
Where is this storefront property located?
The property is located at 1232 Volunteer Pkwy Bristol, TN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 900 SF commercial building on a 0.18‑acre level lot; B‑3 Commercial Zoning; Approximately 18,399 Average Daily Traffic (ADT)
