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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Medical Office Space
249 Midway Medical Park, Bristol, TN 37620-1693
Entity Owned
1-yr Hold
~
Est. High Equity
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Dr. Glenn H. Birkitt Jr, MD Physician
-
Dr. Karen E. Shelton, MD Physician
-
Dr. David P. Russell, MD Physician
-
Spires Ross R Do Physician
-
Alan Gorrell 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
Bristol Endo Properties LLC · 1 yrs held
Bristol Endo Properties LLC
since 2025
Last sale
$615,000
2 recorded transactions
Zoning & alternative use
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
$615,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $615k (Apr 9 2025)
Last sale anchor
$615k
Apr 9 2025
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
$53 / 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
$281,240
Assessed 2023
Previous assessed
$281,240
+0.0% YoY
Assessed land
$52,120
Assessed improvement
$229,120
Land market value
$130,300
Improvement market value
$572,800
Total market value
$703,100
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
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1969
Construction
FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
10
Total area
11,532 SF
Lot
1.93 ac (84,071 SF)
APN
082020B A 03700
UPID
US80-0314464
Jurisdiction
SULLIVAN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1969
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
10
Lot
1.93 ac
Current owner
From public records · entity-resolved
Bristol Endo Properties LLC
Entity
Mailing address
249 MIDWAY MEDICAL PARKPK-STE, BRISTOL, TN 37620-1693
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Apr 9, 2025
$615,000
Bristol Endo Properties LLC
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Nov 30, 2001
$525,000
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Grant Deed
—
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.
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