Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    509 Shelby St Bristol, TN 37620
    Back to Search
    Property profile & analytics

    509 Shelby St Bristol, TN 37620

    View on Map
    • Manufacturing properties
    • 15,028 SF
    • 53.00 lot acres
    For Sale
    $749,900
    View Listing →
    Historic Bristol Commercial Redevelopment Opportunity For Sale
    $749,900
    25,758 SF

    Historic Bristol Commercial Redevelopment Opportunity

    Unique 25,758 SF property in revitalized downtown Bristol.

    509 Shelby Street, Bristol, TN 37620
    View Listing
    Property ID
    US80-1709245
    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

    • Manufacturing properties

    Property Details for 509 Shelby St

    Year built
    1925
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    53.00 lot acres
    Property size
    15,028 SF
    Property type
    Manufacturing properties
    APN
    082021A A 03400
    APU
    082021AA03400

    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
    Sullivan
    State
    Tennessee
    Longitude
    -82.1824
    Latitude
    36.594
    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
    $11,960
    $98,200
    $110,160
    -
    $29,900
    $245,500
    $275,400

    Comparable in this City

    • Value Estimation by Request
      2,200 SF

      208 2Nd St

      Manufacturing properties • 2,200 SF
      208 2Nd St, Bristol, TN 37620
      View Details
    • Value Estimation by Request
      660,000 SF

      100 Vance Tank Rd

      Manufacturing properties • 660,000 SF
      100 Vance Tank Rd, Bristol, TN 37620
      View Details
    • Value Estimation
      $10,590,000
      415,624 SF

      328 Industrial Dr

      MANUFACTURING (LIGHT) • 415,624 SF
      328 Industrial Dr, Bristol, TN 37620-5839
      View Details
    • Value Estimation by Request
      9,976 SF

      15 15th St

      MANUFACTURING (LIGHT) • 9,976 SF
      15 15th St, Bristol, TN 37620-2034
      View Details
    • Value Estimation
      $590,000
      28,072 SF

      611 5th St

      MANUFACTURING (LIGHT) • 28,072 SF
      611 5th St, Bristol, TN 37620
      View Details
    • Value Estimation
      $1,145,000
      129,650 SF

      136 Lamar St

      MANUFACTURING (LIGHT) • 129,650 SF
      136 Lamar St, Bristol, TN 37620
      View Details

    Similar Nearby for Sale

    • $749,900
      25,758 SF

      Historic Bristol Commercial Redevelopment Opportunity

      Unique 25,758 SF property in revitalized downtown Bristol.
      509 Shelby St, Bristol, TN 37620
      View Details
    • $109,000
      4.50 Acres

      4.5 Acres Vacant Land

      4.5 acres of land suitable for residential or commercial use.
      Tbd Meadowview Rd, Bristol, TN 37620
      View Details
    • $189,000
      2,400 SF

      Prime Bristol Commercial Property

      1.4-Acre Lot, High Visibility
      571 Walnut Hl Rd Rd, Bristol, TN 37620
      View Details
    • $2,300,000
      10,000 SF

      Upscale Bristol Commercial Space

      High-end flex space, prime location. Excellent investment opportunity.
      317 Bluff City Hwy, Bristol, TN 37620
      View Details
    • Contact for pricing

      Bristol TN Land For Sale

      One-acre parcel near Bristol Regional Medical Center campus.
      330 Steeles Rd, Bristol, TN 37620
      View Details
    • Contact for pricing
      4,526 SF

      Retail Space in Bristol

      Retail space available in Bristol, Tennessee.
      316 7Th St, Bristol, TN 37620
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      61,708 SF

      Industrial Facility in Bristol Park

      61708 Sq ft industrial facility for lease.
      101 Industrial Dr, Bristol, TN 37620
      View Details
    • Contact for pricing

      Renovated Steel Building Near Speedway

      Flexible commercial space near Bristol Motor Speedway, suitable for various uses.
      1836 Volunteer Pkwy, Bristol, TN 37620
      View Details
    • $850 /Mo
      1,300 SF

      Bristol, TN Commercial Flex Space

      Flex space suitable for storage or construction shop.
      1100 5Th St, Bristol, TN 37620
      View Details
    • $8 SF/Yr

      Volunteer Parkway Flex Space

      3,200 sq ft office and warehouse space for lease.
      1274–1276 Volunteer Pkwy, Bristol, TN 37620
      View Details
    • Contact for pricing

      Bristol Flex/Industrial/Office Space Available

      Lease opportunities: 2,850 to 427,222 sq ft in Bristol.
      364 Exide Dr, Bristol, TN 37620
      View Details
    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      512 Alabama St, Bristol, TN 37620
      View Details
    View Listing
    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.
    509 Shelby St
    Bristol, TN 37620
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    509 Shelby St, Bristol, TN, 37620
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!