Property profile

307 Bonham Rd Bristol, VA 24201

OFF-MARKET
Office Spaces
7,345 SF
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fully occupied, income-producing commercial property located at 307 Bonham Rd, Bristol, VA 24201. The Class C building boasts a total of 7,345 square feet and is currently generating a strong 8.60% cap rate. The asking price is $499,900, translating to $68.06 per square foot. The property features a modified lease structure with multiple tenants, ensuring consistent cash flow. The building's layout includes three commercial office units and a garage/storage unit on the ground level, providing versatile space for various businesses. The upper level comprises four residential units, adding to the property's overall income potential. Currently operating at 100% occupancy, this property offers immediate returns and a waiting list of potential tenants, suggesting strong future growth prospects. Detailed income and expense information is available upon request. This is a rare chance to acquire a well-established, high-performing asset in a desirable location. Don't miss this opportunity to add a significant cash-flowing property to your portfolio.

Property profile

Verified
Property type Office Spaces
Total area 7,345 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Gun Shop

Location

307 Bonham Rd Bristol, VA 24201
Bristol metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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