Property profile

1606 State St Bristol, TN 37620

OFF-MARKET
Banks
Property ID
US80-1092475
14,415 SF 146 ac lot Built 1970
Individually Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property is a commercial building located on West State Street in Bristol, situated on a 0.54-acre lot along a main thoroughfare with road frontage and access toward downtown Bristol and regional routes connecting Tennessee and Virginia. The building has a size of 7,329 square feet and was originally built for a bank, including three vaults. It features a flexible interior layout that can support a range of commercial uses such as retail, office, or professional services, and the upper level could be converted into two apartments. The property is configured to accommodate multiple operating areas, with separate businesses historically operating on the site.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,415 SF
Lot 146 ac (6,359,760 SF)
APN 082020C D 00100
UPID US80-1092475

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Loan Service
  • Loan Service Bank

Location

1606 State St Bristol, TN 37620-1952
Bristol metro Census 42703 KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2025
Last sale
$500,000
3 recorded transactions
2025
Price N/A
2024
$500,000
2017
$150,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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