668 Mdw Vw Rd Bristol, TN 37620
Entity Owned
5-yr Hold
~
Est. High Equity
Estimated value (blended)
$15.41M
Range $13.87M – $16.95M (±10%)
Implied cap rate
6.30%
In-place · NOI ÷ last sale
Property ID
US80-1434062
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1998
Construction
STEEL FRAME
Total area
85,950 SF
Lot
5.03 ac (219,107 SF)
Zoning code
PBD
APN
082019 12810
UPID
US80-1434062
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.25M
Comparable Approach
Comparable
$16.42M
Blend (final)
Blend
$15.41M
Owner & transaction history
since 2021
Last sale
$15.3M
3 recorded transactions
Zoning & alternative use
PBD · Bristol, TN
Zoning description
PBD Districts (Planned Business District). M-1 Districts (Light Industrial/Business). M-2 Districts (General Industrial). M-3 Districts (Heavy Industrial). MH Districts (Mobile Home Park). F-1 Districts (Flood Plain). PR…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$15.41M
Value range
$13.87M – $16.95M
±10% around blend
Estimated value / SF
$179 / SF
Confidence
Property data
75
Market benchmarks
33
Comparable evidence
60
$13.87M
blend $15.41M
$16.95M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
85,950 SF
Lot area
5.03 ac
Year built
1998
Stories
1
APN
082019 12810
Assessed value
$5,083,840
3
Income approach: direct capitalization
Partial preview
Income approach indication
$15.25M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$16.52M
@ 6.5% CAP return
$15.25M
@ 7% CAP return
$14.16M
4
Sales comparison
Partial preview
Sales approach indication
$16.42M
Range $5.63M – $16.42M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$15.41M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 26 sales
$130
+38%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $179/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
6.30%
Implied, in-place cap rate for this medical office space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.30%
9.0%
NOI (est.)
$1.07M *
Last sale · May 2021
$15.29M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$16.99M
Move the market yield to see immediate price impact.
Value / SF
$198
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.80%6.30%6.80%
$963k
$16.61M
$15.29M
$14.17M
$1.07M
$18.45M
$16.99M
$15.74M
$1.18M
$20.30M
$18.69M
$17.31M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Property tax & assessments
Assessed value
$5,083,840
Assessed 2023
Previous assessed
$5,083,840
+0.0% YoY
Assessed land
$128,760
Assessed improvement
$4,955,080
Land market value
$321,900
Improvement market value
$12,387,700
Total market value
$12,709,600
Applied tax rate
82.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
73
Total area
85,950 SF
Lot
5.03 ac (219,107 SF)
Zoning code
PBD
APN
082019 12810
UPID
US80-1434062
Jurisdiction
SULLIVAN
Zoning & alternative use
PBD · Bristol, TNZoning PBD · permitted uses
PBD · Bristol, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
PBD Districts (Planned Business District). M-1 Districts (Light Industrial/Business). M-2 Districts (General Industrial). M-3 Districts (Heavy Industrial). MH Districts (Mobile Home Park). F-1 Districts (Flood Plain). PR…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
73
Lot
5.03 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PBD
COMMERCIAL
Jurisdiction
Bristol, TN
Recorded code
PBD
Official district
PBD
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PBD in Bristol, TN.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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