Multi-Suite Retail
3966-3998 Bristol Hwy Johnson City, TN 37601
For Sale
Contact for pricing
Retail center offers 8 suites with existing tenants and approximately 60 parking spaces.
Property Size12,818 SF
Price / SF$273.05
Days on Market258
Property Features for 3966-3998 Bristol Hwy
General Information
Standard status
Active
Size
12,818 SF
Property subtype
RETAIL
Listing Agency:
Mitch Cox Realtor, Inc.
(423) 943-0530
Listed By:
Shannon K. Castillo · License #328830
(423) 943-0530
Source:
Moodyscre
Added: Nov 13, 2025
Changed: Jul 28
Last Checked: Jul 28 at 4:51PM
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 Mitch Cox Realtor, Inc.
Investment Insights
Based on property information with market context.
The property is a retail center configured into eight separate suites, with tenants already in place. It includes a sizable on-site parking area, estimated at approximately 60 parking spaces. Zoning is designated B-4: Planned Arterial Business District.
The center is located on Bristol Hwy near Winged Deer Park and Boone Lake. Access directions are provided from I-26 via Exit 19, then TN-381N, merging onto Bristol Hwy, continuing for 1.6 miles, and turning right onto Coldwater Dr, with the subject immediately on the left.
The center is located on Bristol Hwy near Winged Deer Park and Boone Lake. Access directions are provided from I-26 via Exit 19, then TN-381N, merging onto Bristol Hwy, continuing for 1.6 miles, and turning right onto Coldwater Dr, with the subject immediately on the left.
Key Highlights
- Retail center for sale on Bristol Hwy near Winged Deer Park and Boone Lake
- Divided into 8 suites with tenants in place
- Approximately 60 parking spaces on‑site
Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $295.3k | $23.04 |
| − Vacancy | −$8.9k | −$0.69 |
| EGI | $286.5k | $22.35 |
| − OpEx | −$85.9k | −$6.70 |
| NOI | $200.5k | $15.64 |
12,818 SF · lease $23.04/SF/yr · vacancy 3.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.86M
$2.51M – $3.34M
NOI $200,527 @ 7.0% cap · market cap 5.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.41M
$4.73M – $6.31M
NOI $378,387 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Shopping center - Retail center offers 8 suites with existing tenants and approximately 60 parking spaces.
Where is this shopping center located?
The property is located at 3966-3998 Bristol Hwy Johnson City, TN.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Retail center for sale on Bristol Hwy near Winged Deer Park and Boone Lake; Divided into 8 suites with tenants in place; Approximately 60 parking spaces on‑site
