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    3508 Bristol Hwy Johnson City, TN 37601
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    Property profile & analytics

    3508 Bristol Hwy, Johnson City, TN 37601

    View on Map
    • Auto shops
    • 6,240 SF
    • 5.60 lot acres
    For Sale
    $2,000,000
    View Listing →
    Two-Property Net Lease Portfolio For Sale
    $2,000,000
    20,972 SF

    Two-Property Net Lease Portfolio

    Net lease portfolio with national collision repair operator tenant.

    3508 Bristol Hwy, Johnson City, TN
    View Listing
    Property ID
    US80-1623112
    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

    • Auto shops

    Property Details for 3508 Bristol Hwy

    Year built
    1965
    Lot size
    5.60 lot acres
    Property type
    Auto shops
    APN
    030 07000
    APU
    3007000

    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
    Johnson City
    County
    Washington
    State
    Tennessee
    Longitude
    -82.3727
    Latitude
    36.3706
    CBSA code
    27740
    CBSA name
    JOHNSON CITY, TN 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
    $271,560
    $452,760
    $724,320
    -
    $678,900
    $1,131,900
    $1,810,800

    Comparable in this City

    • Value Estimation
      $4,630,000
      40,501 SF

      3124 Bristol Hwy

      AUTO REPAIR, GARAGE
      3124 Bristol Hwy, Johnson City, TN 37601-1555
      View Details
    • Value Estimation by Request
      3,389 SF

      Furnace Rd

      AUTO REPAIR, GARAGE
      Furnace Rd, Johnson City, TN 37601
      View Details
    • Value Estimation by Request
      2,068 SF

      2836 Roan St

      AUTO REPAIR, GARAGE
      2836 Roan St, Johnson City, TN 37601-7648
      View Details
    • Value Estimation by Request
      13,574 SF

      410 Main St

      AUTO REPAIR, GARAGE
      410 Main St, Johnson City, TN 37601-4814
      View Details
    • Value Estimation by Request
      2,665 SF

      2103 Main St

      AUTO REPAIR, GARAGE
      2103 Main St, Johnson City, TN 37601-7901
      View Details
    • Value Estimation by Request
      2,400 SF

      311 Springbrook Dr

      AUTO REPAIR, GARAGE
      311 Springbrook Dr, Johnson City, TN 37601-1715
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,972 SF

      Two-Property Net Lease Portfolio

      Net lease portfolio with national collision repair operator tenant.
      3508 Bristol Hwy, Johnson City, TN 37601
      View Details
    • Contact for pricing
      7,491 SF

      Roadrunner Gas Station Investment Opportunity

      NNN leased Roadrunner gas station with 13+ years remaining.
      607 Twin Oaks Dr, Johnson City, TN 37601
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    • $650,000
      4,147 SF

      Commercial Building Near I-26

      4,147 sq ft commercial building with high visibility.
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      12,884 SF

      Night Club with Vacant Lot

      Night club with parking and adjacent 1.98-acre vacant lot.
      2910 Bristol Hwy, Johnson City, TN 37601
      View Details
    • Contact for pricing
      10,380 SF

      Retail Building on Broadway Avenue

      10,380 SF retail building for lease in Johnson City.
      417 S Broadway Ave, Johnson City, TN 37601
      View Details
    • Contact for pricing
      2,500 SF

      Retail Center Near Winged Deer

      Retail center for sale near Winged Deer Park and Boone Lake.
      3966-3998 Bristol Hwy, Johnson City, TN 37601
      View Details

    Similar Nearby for Lease

    • New
      $575,000
      4,848 SF

      Commercial Building in Johnson City

      Commercial property with leases in place, suitable for multiple uses.
      4 Worth Cir, Johnson City, TN 37601
      View Details
    • Contact for pricing

      Retail Space Near Johnson City

      Retail space in a high-traffic location near Johnson City Mall.
      2111 N Roan St, Johnson City, TN 37601
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Roan Center

      Retail space for lease in established shopping center.
      101 E Unaka Ave, Johnson City, TN 37601
      View Details
    • Contact for pricing
      1,551 SF

      Downtown Retail Space For Lease

      Street-level retail space in historic downtown building, available for lease.
      300 E Main St, Johnson City, TN 37601
      View Details
    • Contact for pricing
      1,200 SF

      Stabilized Shopping Center Investment Opportunity

      28,900 SF shopping center with Grocery Outlet anchor.
      1100-1110 N Roan St, Johnson City, TN 37601
      View Details
    • Contact for pricing

      Restaurant Space on Retail Corridor

      Restaurant space available for lease on a primary retail corridor.
      1905 N Roan St, Johnson City, TN 37601
      View Details
    View Listing
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    Johnson City, TN 37601
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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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    3508 Bristol Hwy, Johnson City, TN, 37601
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