Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2940 State St Bristol, TN 37620-1717

    • Drive through restaurants
    • 2,992 SF
    • 0.74 lot acres
    OFF-MARKET
    Value Estimation
    $950,000
    Last Sale
    Nov 15, 2022
    $1,100,000
    Location Intelligence
    Property ID
    US80-0979910
    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.

    Current Use by Public Records

    • Drive through restaurants

    Property Details for 2940 State St

    Year built
    1993
    Lot size
    0.74 lot acres
    Property size
    2,992 SF
    Property type
    Drive through restaurants
    APN
    082020H A 00355
    APU
    082020HA00355

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $845,000

    • CAP approach

      CAP return
      Estimation
      6%
      $940,000
      6.5%
      $985,000
      7%
      $1,120,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $965,000
      Geo Method
      $1,045,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,185,000
      Retail
      $1,200,000
      Mixed-Use
      $1,125,000
      Hospitality
      $1,100,000
      Educational
      $1,090,000
      Residential Income
      $880,000
      Energy
      $1,135,000
      Income-Based Land
      $905,000
      Food Service
      $1,075,000

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.2208
    Latitude
    36.5919
    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
    $94,440
    $222,720
    $317,160
    -
    $236,100
    $556,800
    $792,900

    Comparable in this City

    • Value Estimation by Request
      1,970 SF

      2109 Weaver Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,970 SF
      2109 Weaver Pike, Bristol, TN 37620-5437
      View Details
    • Value Estimation by Request
      4,465 SF

      413 Pinnacle Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,465 SF
      413 Pinnacle Pkwy, Bristol, TN 37620-8629
      View Details
    • Value Estimation by Request
      3,959 SF

      212 Stevens Trl

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,959 SF
      212 Stevens Trl, Bristol, TN 37620-1403
      View Details
    • Value Estimation
      $420,000
      3,830 SF

      1313 Volunteer Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,830 SF
      1313 Volunteer Pkwy, Bristol, TN 37620-5709
      View Details
    • Value Estimation
      $375,000
      2,600 SF

      510 Volunteer Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,600 SF
      510 Volunteer Pkwy, Bristol, TN 37620-2255
      View Details
    • Value Estimation by Request
      3,144 SF

      1505 Volunteer Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,144 SF
      1505 Volunteer Pkwy, Bristol, TN 37620-6020
      View Details

    Similar Nearby for Sale

    • $800,000
      7,050 SF

      Former Nightclub on Prime Real Estate

      7,050 SF building on 3.5 acres near Hard Rock.
      3080 W State St, Bristol, TN 37620
      View Details
    • $900,000
      7,050 SF

      Bristol Commercial Property - 7,050 SF

      Prime Bristol location, 7,050 sq ft, 3.5 acres
      3080 State St, Bristol, TN 37620
      View Details
    • $115,000

      Commercial Property Near Downtown Bristol

      Two-story property near downtown Bristol, ready for commercial upfit.
      943 Shelby St, Bristol, TN 37620
      View Details
    • $200,000
      2,400 SF

      Commercial Property Near Downtown Bristol

      2,400 SF commercial property ready for renovation.
      227 Bluff City Hwy, Bristol, TN 37620
      View Details
    • Contact for pricing
      Pending

      Corner Lot Near Bristol Speedway

      Corner lot near Bristol Motor Speedway, previously used for parking.
      Bethel Dr, Bristol, TN 37620
      View Details
    • $3,795,000
      30,959 SF

      Bristol Commercial Property For Sale

      27,000 sq ft leased, 3,000 sq ft available.
      1241 Volunteer Pkwy, Bristol, TN 37620
      View Details

    Similar Nearby for Lease

    • $699,999
      13,900 SF

      Bristol Commercial Property Near Attractions

      Commercial property suitable for entertainment, retail, or restaurant uses.
      1604 W State St, Bristol, TN 37620
      View Details
    • $1,800,000
      22,500 SF

      Downtown Bristol Commercial Space Available

      22,500 sq ft commercial space in thriving downtown Bristol, TN.
      628 State St, Bristol, TN 37620
      View Details
    • $8,500 /Mo
      8,500 SF

      Downtown Bristol Commercial Space Available

      8,500 sq ft commercial space in thriving downtown Bristol, TN.
      628 State St, Bristol, TN 37620
      View Details
    • $8 SF/Yr
      60,000 SF

      Volunteer Plaza: Retail Opportunity

      Prime Sullivan County retail space, 60,000 SF available.
      1379 Volunteer Pkwy, Bristol, TN 37620
      View Details
    • $795,000
      6,184 SF

      Historic Victorian with Modern Functionality

      Iconic Victorian building with commercial kitchen and ample parking.
      412 6Th Street Ext, Bristol, TN 37620
      View Details
    • $12 SF/Yr
      13,530 SF

      Bristol Crossings Retail Center

      Prime Retail Space Available, High Traffic
      740 Volunteer Pkwy, Bristol, TN 37620
      View Details

    Property Visit Statistics

    • Visits by month
      8.8k
    • Visitors by month
      6.4k
    • Avg Time on site
      7 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2940 State St
    Bristol, TN 37620-1717
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.