Church Property with Fellowship
For Sale
$475,000
607 Greenfield Pl, Bristol, TN 37620
R-1-zoned facility with worship, administrative, kitchen, nursery, and parking components supporting continued religious use or flex space.
Property Size6,300 SF
Lot Size5.20 Acres
Price / SF$75.40
Days on Market82
Property Features for 607 Greenfield Pl
General Information
Standard status
Active
Size
6,300 SF
Lot size
5.20 Acres
Zoning
R-1
Building Details
Year Built
1961
Listing Agency:
Blue Ridge Properties
Listed By:
Alan Hill · License #342989
(423) 292-2769
Source:
Thecolinandcarlygroup
Added: Jul 18
Changed: Oct 6
Last Checked: Oct 6 at 12:37AM
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 Blue Ridge Properties
Investment Insights
Based on property information with market context.
This 6,300-square-foot church facility occupies 5.2 acres at 607 Greenfield Pl in Bristol, Tennessee. The interior includes a sanctuary with a nave accommodating more than 100 people, along with a fellowship hall, nursery, eight offices, a full kitchen with dishwasher, and three and a half bathrooms. On-site parking serves the building.
R-1 zoning supports the property’s established church use, while the existing mix of assembly, office, kitchen, and support areas also provides a basis for adaptable flex-space applications. The site combines a substantial land area with an existing religious facility and multiple functional spaces.
R-1 zoning supports the property’s established church use, while the existing mix of assembly, office, kitchen, and support areas also provides a basis for adaptable flex-space applications. The site combines a substantial land area with an existing religious facility and multiple functional spaces.
Key Highlights
- 5.2‑acre church property at 607 Greenfield Pl, Bristol, TN
- 6,300‑square‑foot facility with a nave seating over 100 people
- Includes a fellowship hall, nursery, and eight offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,727
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,540
$834.5K
Cap Rate 7%
$596,100
$596.1K
Cap Rate 9%
$463,633
$463.6K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$62.7K $9.96/SF
− Vacancy
−$3.1K −$0.50/SF
EGI
$59.6K $9.46/SF
− OpEx
−$17.9K −$2.84/SF
NOI
$41.7K $6.62/SF
Area
Sullivan County, TN
Vacancy
5.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,540
Cap Rate 7%
$596,100
Cap Rate 9%
$463,633
Alternative Uses
Best Use
Flex RnD
$652.9K
$571.3K – $761.7K
NOI $45,700 @ 7.0% cap · market cap 9.62%
Second Best
Industrial
$596.1K
$521.6K – $695.5K
NOI $41,727 @ 7.0% cap · market cap 8.78%
Theoretical Best
Office A
$2.36M
$2.06M – $2.75M
NOI $165,147 @ 7.0% cap · market cap 34.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Church & religious facility - R-1-zoned facility with worship, administrative, kitchen, nursery, and parking components supporting continued religious use or flex space.
Where is this church & religious facility located?
The property is located at 607 Greenfield Pl Bristol, TN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 5.2‑acre church property at 607 Greenfield Pl, Bristol, TN; 6,300‑square‑foot facility with a nave seating over 100 people; Includes a fellowship hall, nursery, and eight offices
