Property profile

604 Volunteer Pkwy Bristol, TN 37620

OFF-MARKET
Office Spaces
Property ID
US80-1210962
2,754 SF 150 ac lot Built 1974
Individually Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This 2,754 square foot medical office building in Bristol, Tennessee, presents a compelling value-add investment opportunity. Located at 604 Volunteer Parkway, this single-story, 1974-built brick structure sits on a 0.3-acre lot and is zoned B-3. Currently 100% occupied across two units with a gross lease structure, the property offers immediate cash flow. The asking price is $269,000, translating to $97.68 per square foot. High traffic counts on Volunteer Parkway ensure excellent visibility and accessibility. The building's history includes uses as an insurance and legal office, showcasing its adaptability for various commercial purposes. This fee simple ownership offers significant potential for renovation and repositioning to meet the needs of future tenants. The property's strong location and current occupancy make it an attractive investment for those seeking a stable, income-generating asset with upside potential. The property features a multi-tenant setup and is a great opportunity for a new business or an expansion of an existing one. The property's history of serving small businesses, coupled with its prime location and high traffic counts, makes it a desirable investment.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1974
Total area 2,754 SF
Lot 150 ac (6,534,000 SF)
APN 082020E F 03900
UPID US80-1210962

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Alternative Medicine Practice

Location

604 Volunteer Pkwy Bristol, TN 37620-3641
Bristol metro Census 42702 KINGSPORT-BRISTOL-BRISTOL, TN-VA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2025
Last sale
$230,000
2 recorded transactions
2025
Price N/A
2025
$230,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 604 Volunteer Pkwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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