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Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Commercial real estate
16038 Lee Hwy Bristol, VA 24202-3802
Entity Owned
Absentee Owner
Property ID
US87-1915968
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1959
Total area
5,472 SF
Lot
5.53 ac (240,887 SF)
Zoning code
A2 AGRICULTURAL GENERAL
APN
143A4 A 21
UPID
US87-1915968
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
-
Bolt Storage Storage Facility
-
Bolt Storage - Bristol Storage Facility
-
Tri-Cities Home Improvement Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$698k
Blend (final)
Blend
$675k
Owner & transaction history
Mar-will LLC
Mar-will LLC
2 recorded transactions
Zoning & alternative use
A2 AGRICULTURAL GENERAL · Bristol, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bristol submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bristol 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$675k
Range $608k – $743k · ±10%
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
$123 / 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
$938,400
Assessed 2024
Previous assessed
$102,500
+815.5% YoY
Assessed land
$281,400
Assessed improvement
$657,000
Land market value
$281,400
Improvement market value
$657,000
Total market value
$938,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1959
Heating
HEAT PUMP
Cooling
YES
Buildings
5
Stories
1
Rooms
3
Bathrooms
2
Total area
5,472 SF
Lot
5.53 ac (240,887 SF)
Zoning code
A2 AGRICULTURAL GENERAL
APN
143A4 A 21
UPID
US87-1915968
Jurisdiction
WASHINGTON
Zoning & alternative use
A2 AGRICULTURAL GENERAL · Bristol, VA
Zoning A2 AGRICULTURAL GENERAL · permitted uses
A2 AGRICULTURAL GENERAL · Bristol, VA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bristol. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1959
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
5
Rooms
3
Bathrooms
2
Lot
5.53 ac
Current owner
From public records · entity-resolved
Mar-will LLC
Entity
Mailing address
228 PARK AVE S, NEW YORK, NY 10003-1502
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Mar-will LLC
—
Deed Of Trust
related
$100,000 · New Peoples Bk
—
—
Mar-will LLC
—
Deed Of Trust
related
$950,000 · New Peoples Bk
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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