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    Property profile & analytics

    603 Gate City Hwy Bristol, VA 24201

    • Commercial real estate
    • 7,574 SF
    • 0.62 lot acres
    For Sale
    View listing
    $5,000,000
    Value Estimation
    Location Intelligence
    Property ID
    US87-0131455
    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

    • Department Of Corrections Probation & Parole / Corporate Office
    • Adult Probation & Parole / Probation Office

    Property Details for 603 Gate City Hwy

    Year built
    1952
    Lot size
    0.62 lot acres
    Property size
    7,574 SF
    Property type
    Commercial real estate
    APN
    22 4 1 4 5A 6C
    APU
    224145A6C

    Description

    This exceptional 3.35-acre commercial land parcel presents a unique investment opportunity directly across from the entrance to the Hard Rock Casino and resort in Bristol, Virginia (zip code 24201). Located at 603 Gate City Hwy, this B-3 zoned property offers significant development potential in a rapidly growing area. The site currently features two existing buildings, providing potential for adaptive reuse or demolition to accommodate new construction. While there is a slight incline at the rear of the property, the overall terrain is relatively level and easily adaptable to various development plans. The high demand for restaurants, retail spaces, apartments, and hotels in this burgeoning area makes this a highly attractive proposition for investors seeking to capitalize on the increased tourism and economic activity generated by the Hard Rock Casino. The scarcity of developable land in this immediate vicinity underscores the urgency of this opportunity. This is a rare chance to secure a prominent location with exceptional visibility and access, poised for substantial returns. The property's location offers unparalleled exposure to the significant traffic generated by the casino, ensuring high visibility for any future development. Don't miss this chance to be part of Bristol's exciting growth story.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Bristol
    State
    Virginia
    Longitude
    -82.2169
    Latitude
    36.6005
    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
    2024
    $4,729
    $108,100
    $314,100
    $422,200
    -
    $108,100
    $314,100
    $422,200

    Comparable in this City

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      0.22 Acres

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      0.13 Acres

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    • Value Estimation by Request
      0.10 Acres

      Gate City Hwy

      COMMERCIAL (GENERAL) • 0.10 Acres
      Gate City Hwy, Bristol, VA 24201
      View Details

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    603 Gate City Hwy
    Bristol, VA 24201
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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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