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249 Midway Medical Park Bristol, TN 37620-1693

OFF-MARKET Medical Office Space Google Maps
11,532 SF 1.93 ac lot Built 1969
Entity Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$615k
Range $554k – $677k (±10%)
Property ID US80-0314464

Property summary

AI-generated overview

This exceptional 10,982 square foot medical office building in Bristol, Tennessee presents a compelling owner-user opportunity. Situated on a 1.93-acre lot in the Midway Medical Park, this Class B property boasts two separate entrances, ideal for multiple tenants or expansion. Built in 1969, the two-story building offers ample parking with 68 spaces and benefits from easy ingress and egress. Its prime location is approximately 0.5 miles from the Hard Rock Hotel & Casino Bristol and 1 mile from I-81, exit 1, ensuring high visibility and convenient access. The property also includes a vacant lot suitable for expansion or additional parking, adding significant potential. Located near a Kroger-anchored shopping center, this property is zoned B-3 (General Business District) and is designated as an Opportunity Zone, offering potential tax advantages. The asking price is $795,000, translating to $72.39 per square foot. The property's APN is 020B A 037.00. This is a rare opportunity to acquire a well-located, versatile medical office building with significant upside potential.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1969
Construction FRAME
Total area 11,532 SF
Lot 1.93 ac (84,071 SF)
APN 082020B A 03700
UPID US80-0314464

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
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$570k
CAP Approach CAP
by Request
Comparable Approach Comparable
$651k
Blend (final) Blend
$615k

Owner & transaction history

since 2025
Last sale
$615,000
2 recorded transactions
2025
$615,000
2001
$525,000

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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