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Property profile & analytics
FOR SALE
Warehouses
116 Old Thomas Bridge Rd Bluff City, TN 37618
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-1033116
For Sale
1 / 2
$1,445,000
116 Old Thomas Bridge Rd, Bluff City, TN 37618
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,967 SF
Lot
3.31 ac (144,184 SF)
Zoning code
M-2
APN
082067 05900
UPID
US80-1033116
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tri City Auto Parts, Inc Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.45M
Owner & transaction history
Land Star Partners Bristol LLC · 2 yrs held
Land Star Partners Bristol LLC
since 2023
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
M-2 · Bluff City, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+69.8%
Retail stores
$1.5M
+43.0%
Auto repair, garage
$1.4M
+34.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bluff City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bluff City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,410,000
ML approach
$1,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,015,000
Current use
COMMERCIAL (GENERAL)
$1,720,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$1,450,000
Change: +43% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,355,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.30M – $1.59M · ±10% · vs last sale $1.45M (Jul 25 2023)
Last sale anchor
$1.45M
Jul 25 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$76 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$209,360
Assessed 2023
Previous assessed
$209,360
+0.0% YoY
Assessed land
$129,200
Assessed improvement
$80,160
Land market value
$323,000
Improvement market value
$200,400
Total market value
$523,400
Applied tax rate
82.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
1
Bathrooms
1
Total area
18,967 SF
Lot
3.31 ac (144,184 SF)
Zoning code
M-2
APN
082067 05900
UPID
US80-1033116
Jurisdiction
SULLIVAN
Zoning & alternative use
M-2 · Bluff City, TN
Zoning M-2 · permitted uses
M-2 · Bluff City, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bluff City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
3.31 ac
Current owner
From public records · entity-resolved
Land Star Partners Bristol LLC
Entity
Free & Clear · 2 yrs held
Mailing address
367 HOG HOLW RD, JOHNSON CITY, TN 37615-2105
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2023
—
Land Star Partners Bristol LLC
Land Star Partners Bristol Gp
Intrafamily Transfer
related
—
Jan 12, 2023
$1,450,000
Land Star Partners Bristol Gp
Site Consultants INC
Warranty Deed
$2,195,000 · Powell Valley National Bank
Aug 10, 2018
$800,000
Site Consultants INC
Rl Bb-tn Bristol LLC
Grant Deed
$800,000 · Rpd LLC
Jul 15, 2015
—
Rl Bb-tn Bristol LLC
Proffitt Darrell & Shelby H
Quit Claim Deed
related
—
May 13, 2005
—
Darrell Proffitt
Proffitt,gale H & Darrell E
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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