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    269 Superior Cir Bristol, VA 24201
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    Property profile & analytics

    269 Superior Cir, Bristol, VA 24201

    View on Map
    • Mobile home & RV parks
    • 4.70 lot acres
    Off-Market
    Property ID
    US87-1589570
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for 269 Superior Cir

    Lot size
    4.70 lot acres
    Property type
    Mobile home & RV parks
    Property subtype
    Residential income homes
    APN
    18-1-66|1, 18-7-4-9B, 18-7-4-10, 18

    Description

    This exceptional investment opportunity presents a 24-unit multifamily portfolio situated in Bristol, Virginia. The property encompasses 4.7 acres and includes a diverse mix of 21 mobile homes and 3 single-family rental homes. Of the mobile homes, 18 are tenant-owned, and 3 are park-owned, offering a blend of income streams. The land is approved for 27 mobile home sites, providing five vacant infill sites for future development. An additional 0.37-acre vacant lot is also included in this sale. The three single-family homes offer varying features

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Bristol
    State
    Virginia
    Longitude
    -82.1697738
    Latitude
    36.605328

    Comparable in this City

    • New
      $2,650,000
      1.58 Acres

      Multifamily Property with Four Buildings

      Four-building rental property with 20 units, with several updated units and a layout designed for manageable operations.
      1740 Bonham Rd, Bristol, VA 24201
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    • $425,000
      2,817 SF

      Bristol Multifamily Investment Opportunity

      Income-producing property near Hard Rock Casino with expansion potential.
      2412 Bradley St, Bristol, VA 24201
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    • $1,750,000

      LIHTC Multifamily Investment Opportunity

      Multifamily property in Bristol, VA with 32 units.
      144 Harbor Lndg, Bristol, VA 24201
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    • $4,129,113
      1 SF

      Established Bristol Business & Building

      Profitable Retail Business, VA
      1087 Sycamore St, Bristol, VA 24201
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    • $349,999
      5.69 Acres

      Bristol Multifamily Land Investment

      5.7 Acres, R3 Zoned, Prime Location
      0 Amy St, Bristol, VA 24201
      View Details

    Similar Nearby for Sale

    • New
      $2,650,000
      1.58 Acres

      Multifamily Property with Four Buildings

      Four-building rental property with 20 units, with several updated units and a layout designed for manageable operations.
      1740 Bonham Rd, Bristol, VA 24201
      View Details
    • $425,000
      2,817 SF

      Bristol Multifamily Investment Opportunity

      Income-producing property near Hard Rock Casino with expansion potential.
      2412 Bradley St, Bristol, VA 24201
      View Details
    • $1,750,000

      LIHTC Multifamily Investment Opportunity

      Multifamily property in Bristol, VA with 32 units.
      144 Harbor Lndg, Bristol, VA 24201
      View Details
    • $4,129,113
      1 SF

      Established Bristol Business & Building

      Profitable Retail Business, VA
      1087 Sycamore St, Bristol, VA 24201
      View Details
    • $349,999
      5.69 Acres

      Bristol Multifamily Land Investment

      5.7 Acres, R3 Zoned, Prime Location
      0 Amy St, Bristol, VA 24201
      View Details

    Similar Nearby for Lease

    • New
      $2,650,000
      15,000 SF

      Multi-Family Property with Four Buildings

      Rental housing with 20 units across four buildings, currently operating in a well-established Bristol setting.
      1740 Bonham Rd, Bristol, VA 24201
      View Details
    • Contact for pricing

      221 Moore St

      221 Moore St, Bristol, VA 24201
      221 Moore St, Bristol, VA 24201
      View Details
    • $17,500 /Mo
      43,000 SF

      Versatile Commercial Space in Bristol

      37,000 SF commercial space suitable for various business ventures.
      250 Commonwealth Avenue Ext, Bristol, VA 24201
      View Details
    • $142,000
      1,700 SF

      Versatile Commercial Building on Commonwealth Avenue

      Large building with high visibility, suitable for various business uses.
      471 Commonwealth Ave, Bristol, VA 24201
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    • Contact for pricing
      2,500 SF

      Remodeled Commercial Space on State

      Remodeled commercial space available for lease on State Street.
      809 State St, Bristol, VA 24201
      View Details
    • $2,400,000
      43,000 SF

      Versatile Commercial Space in Bristol, VA

      Adaptable commercial property near downtown Bristol, suitable for diverse uses.
      250 Commonwealth Ave, Bristol, VA 24201
      View Details
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    269 Superior Cir
    Bristol, VA 24201
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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