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    Property profile & analytics

    3101 Highway 421 Bristol, TN 37620

    • Retail space
    • 2,400 SF
    • 1.23 lot acres
    For Sale
    View listing
    $489,850
    Value Estimation
    Last Sale
    Mar 27, 2020
    $150,000
    Location Intelligence
    Property ID
    US80-1648256
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 3101 Highway 421

    Year built
    1989
    Construction
    FRAME
    Lot size
    1.23 lot acres
    Property size
    2,400 SF
    Zone code
    B-3
    Property type
    Retail space
    APN
    082055 04300
    APU
    8205504300

    Description

    This exceptional 2,600 square foot commercial property, situated on a 1.23-acre lot at 3101 Highway 421 in Bristol, Tennessee, presents a compelling investment opportunity. Conveniently located just three miles from Bristol's city limits, this B3-zoned property enjoys proximity to the Hard Rock Casino and South Holston Lake, offering significant potential for a variety of commercial ventures. The building has undergone a substantial renovation, boasting a brand-new roof and gutters, ensuring long-term structural integrity. Further enhancements include the installation of two new vacuum systems, a completely updated septic system, and new water lines, significantly improving the property's functionality and efficiency. These recent upgrades minimize immediate maintenance needs, allowing for a seamless transition for the new owner. The ample 1.23-acre lot provides considerable space for expansion or outdoor activities, adding to the property's overall value and versatility. The B3 zoning opens doors to a wide range of commercial uses, making this property an attractive prospect for entrepreneurs and investors alike. All information provided is based on tax records and owner statements and should be independently verified by the buyer. The asking price for this meticulously updated commercial property is $489,850.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $140,000

    • CAP approach

      CAP return
      Estimation
      6%
      $230,000
      6.5%
      $215,000
      7%
      $195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $215,000
      Geo Method
      $200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $190,000
      Retail
      $175,000
      Mixed-Use
      $230,000
      Hospitality
      $190,000
      Educational
      $195,000
      Residential Income
      $230,000
      Energy
      $240,000
      Income-Based Land
      $215,000
      Food Service
      $180,000

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.1344
    Latitude
    36.5431
    CBSA code
    28700
    CBSA name
    KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    0
    $0.00
    $8,440
    $51,080
    $59,520
    -
    $21,100
    $127,700
    $148,800

    Comparable in this City

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    • Value Estimation by Request
      4,886 SF

      1022 Bristol Caverns Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,886 SF
      1022 Bristol Caverns Hwy, Bristol, TN 37620
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    3101 Highway 421
    Bristol, TN 37620
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    Realmo Value Estimation

    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.

    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.

    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
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