Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    226 Stevens Trl Bristol, TN 37620
    Back to Search
    Property profile & analytics

    226 Stevens Trl Bristol, TN 37620

    View on Map
    • Retail properties & Spaces
    • 7,439 SF
    • 1.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 226 Stevens Trl

    Year built
    2023
    Lot size
    1.76 lot acres
    Property size
    7,439 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    Exceptional investment opportunity: A brand-new, 7,439 square foot bar and restaurant in Bristol, Tennessee, is available for purchase. This fee-simple property boasts a 15-year absolute NNN lease with a prominent tenant, featuring 10% rental increases every five years, ensuring consistent income growth. The property is an outparcel to The Pinnacle, a thriving 1.3 million square foot power center anchored by national retailers such as Marshalls, Chick-fil-A, Michaels, Belk, and Outback Steakhouse. Its strategic location off I-81 (53,200 vehicles per day) provides excellent visibility and accessibility. The property includes 117 parking spaces and sits on a 1.76-acre lot within a strong demographic area, boasting over 35,000 residents and 26,000 employees, with an average household income exceeding $75,606 within a one-mile radius. The property is zoned PBD (Planned Business District) and was built in 2023. The lease commenced October 1, 2023, and expires October 1, 2038, with four 5-year lease options. The asking price is $6,615,000, representing a 7.00% cap rate and a price per square foot of $889.23. The current Net Operating Income (NOI) is $463,080, with 100% occupancy. This is a truly passive investment opportunity with no state income tax. The property's address is 226 Stevens Trail, Bristol, TN 37620. APN: 082019 19268.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.2599
    Latitude
    36.5901

    Comparable in this City

    • Value Estimation by Request
      15.00 Acres

      1379 Volunteer Pkwy

      Restaurants • 60,000 SF
      1379 Volunteer Pkwy, Bristol, TN 37620
      View Details
    • Value Estimation by Request
      64,469 SF

      Meadow St

      Individual retail properties • 64,469 SF
      0 Meadow St, Bristol, TN 37620
      View Details
    • Value Estimation
      $15,085,000
      131,928 SF

      Pinnacle Pkwy

      DEPARTMENT STORE • 131,928 SF
      Pinnacle Pkwy, Bristol, TN 37620
      View Details
    • Value Estimation
      $7,320,000
      99,923 SF

      1 Bass Pro Dr

      DEPARTMENT STORE • 99,923 SF
      1 Bass Pro Dr, Bristol, TN 37620-1439
      View Details
    • Value Estimation by Request
      1.85 Acres

      2182 Us-11W

      Individual retail properties • 1,000 SF
      2182 Us-11W, Bristol, TN 37620
      View Details
    • Value Estimation by Request
      2.50 Acres

      435 Shelby Ln

      Self storage facilities • 2.50 Acres
      435 Shelby Ln, Bristol, TN 37620
      View Details

    Similar Nearby for Sale

    • $749,900
      25,758 SF

      Historic Bristol Commercial Redevelopment Opportunity

      Unique 25,758 SF property in revitalized downtown Bristol.
      509 Shelby St, Bristol, TN 37620
      View Details
    • $424,900
      4,242 SF

      Historic Bristol Commercial Building For Sale

      Landmark 4,242 SF building in Bristol's Downtown Business District.
      16 5Th St, Bristol, TN 37620
      View Details
    • $829,000
      1,470 SF

      Iconic Diner on State Line

      Turnkey restaurant opportunity in high-traffic Bristol location.
      2520 W State St, Bristol, TN 37620
      View Details
    • $749,900
      6,184 SF

      Iconic Victorian with Modern Functionality

      Historic Victorian building with commercial kitchen and ample parking.
      412 6Th St, Bristol, TN 37620
      View Details
    • $995,000
      Pending

      Prime Location Development Opportunity

      1.8 acres in the heart of Bristol, B-2E zoning.
      112 Volunteer Pkwy, Bristol, TN 37620
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      628 State St

      628 State Street Bristol TN 37620
      628 State St, Bristol, TN 37620
      View Details
    • $8,500 /Mo
      8,500 SF

      Downtown Bristol Commercial Space Available

      8,500 sq ft commercial space in thriving downtown Bristol, TN.
      628 State St, Bristol, TN 37620
      View Details
    • $1,800,000
      22,500 SF

      Downtown Bristol Commercial Space Available

      22,500 sq ft commercial space in thriving downtown Bristol, TN.
      628 State St, Bristol, TN 37620
      View Details
    • Contact for pricing

      Volunteer Parkway Redevelopment Opportunity

      Up to 60,000 SF available near Hard Rock Casino.
      1379 Volunteer Pkwy, Bristol, TN 37620
      View Details
    • $749,900
      6,184 SF

      Iconic Victorian with Modern Functionality

      Historic Victorian property reimagined for modern use in downtown Bristol.
      412 6Th Street Ext, Bristol, TN 37620
      View Details
    • $2,100 /Mo
      2,160 SF

      Charming Open-Concept Commercial Space

      Renovated 2,160 sq ft commercial space with high ceilings.
      1100 5Th St, Bristol, TN 37620
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    226 Stevens Trl
    Bristol, TN 37620
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    226 Stevens Trl, Bristol, TN, 37620
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!