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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Medical Office Space
350 Steeles Rd 1 Bristol, TN 37620-9532
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1749121
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Construction
FRAME
Total area
6,783 SF
Lot
3.04 ac (132,422 SF)
APN
082019 14820C001
UPID
US80-1749121
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
-
Lincoln T. Olsen, MD Physician Medical Clinic
-
Parrish Fry Moree Physician Medical Clinic
-
Dr. Chad Couch Physician Medical Clinic
-
The Urology Clinic Physician Medical Clinic
-
Dr. Dennis Samuel Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.85M
CAP Approach
CAP
$1.21M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.56M
Owner & transaction history
Tnva 2022 Real Estate General Prtnr · 3 yrs held
Tnva 2022 Real Estate General Prtnr
since 2022
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.4M
+168.4%
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
$1,875,000
ML approach
$1,845,000
CAP Approach
CAP Return
Estimation
6%
$1,305,000
6.5%
$1,205,000
7%
$1,115,000
Alternative Use
Use
Estimation
RESTAURANT
$2,365,000
Change: +168% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10% · vs last sale $1.57M (Dec 21 2022)
Last sale anchor
$1.57M
Dec 21 2022
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
$230 / 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
$459,880
Assessed 2023
Previous assessed
$459,880
+0.0% YoY
Assessed land
$44,240
Assessed improvement
$415,640
Land market value
$110,600
Improvement market value
$1,039,100
Total market value
$1,149,700
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
1997
Construction
FRAME
Heating
YES
Cooling
YES
Stories
1
Units
1
Bathrooms
8
Total area
6,783 SF
Lot
3.04 ac (132,422 SF)
APN
082019 14820C001
UPID
US80-1749121
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.4M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
8
Lot
3.04 ac
Current owner
From public records · entity-resolved
Tnva 2022 Real Estate General Prtnr
Individual
Mailing address
2323 N JOHN B DENNIS HWY, KINGSPORT, TN 37660-4771
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2022
$1,565,000
Tnva 2022 Real Estate General Prtnr
David A Beaird
Deed
$1,317,500 · Commercial Bank
Nov 2, 2018
$245,833
Parrish Moree
David A Beaird
Warranty Deed
$245,833 · Peoples Community Bank
Jan 21, 2016
$610,667
David A Beaird
Chad T Couch
Warranty Deed
$124,454 · Peoples Community Bank
Nov 12, 2014
$242,500
W Bradley Rogers
Beaird,david A
Grant Deed
related
—
Sep 17, 2013
$1,150,000
Wayne P Tongco
Wellmont Health System
Warranty Deed
—
May 15, 2006
$1,375,000
Wellmont Health Systems
Holston Family Practice LLC
Grant Deed
—
Jul 30, 2004
$1,525,000
Holston Family Practice LLC
Mmss Holdings LLC
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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