2725 W State St Bristol, TN 37620
Property profile & analytics
2725 W State St, Bristol, TN 37620
- Office Spaces
- 2,052 SF
- 65.00 lot acres
Property ID
US80-1623622
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.
Location Intelligence
Current Use by Public Records
- Office Spaces
Property Details for 2725 W State St
- Year built
- 1959
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 65.00 lot acres
- Property type
- Office Spaces
- APN
- 082020B B 01300
- APU
- 082020BB01300
Description
Exceptional investment opportunity: a 2,000 square foot medical retail building in Bristol, Tennessee, currently leased to Savida Health under a Net Lease (NN+) agreement. The property boasts a strong 8.00% cap rate and a compelling $575,000 asking price, translating to $287.50 per square foot. The five-year lease, commencing February 12, 2024, and expiring February 11, 2029, includes a corporate guarantee from Savida Health, a rapidly expanding company with 54+ locations. The lease features a 2% annual rent increase, ensuring consistent cash flow growth. The building, constructed in 1967 and extensively renovated in 2023, sits on a 0.35-acre lot in a high-growth area, directly across from new Class A multifamily and self-storage developments. Its prime State Street location offers excellent visibility and proximity to the Hard Rock Casino & Hotel, as well as numerous national retailers. The property's recent improvements include upgrades to the building and parking lot. The lease includes two, two-year renewal options. This recession-resistant investment presents a rare opportunity to acquire a stable, high-performing asset with significant upside potential. The strong tenant, prime location, and built-in rent increases make this a compelling investment for discerning buyers. The Net Operating Income (NOI) is $46,000.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Bristol
- County
- Sullivan
- State
- Tennessee
- Longitude
- -82.216
- Latitude
- 36.5942
- CBSA code
- 28700
- CBSA name
- KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
$0.00
$33,840
$32,720
$66,560
-
$84,600
$81,800
$166,400
