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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Specialty properties
Hwy 126 Bristol, TN 37620
Entity Owned
3-yr Hold
Free & Clear
Property ID
US80-2354653
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1949
Total area
10,500 SF
Lot
2.52 ac (109,771 SF)
Zoning code
B-3
APN
082020H A 03500
UPID
US80-2354653
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
Owner & transaction history
Friendship Properties LLC · 3 yrs held
Friendship Properties LLC
since 2023
Last sale
$975,000
6 recorded transactions
Zoning & alternative use
B-3 · Bristol, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$965,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,000,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$960,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$905,000
Change: 0% · Conversion: Difficult
RESTAURANT
$870,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$815,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $975k (Jul 13 2023)
Last sale anchor
$975k
Jul 13 2023
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
$93 / 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
Land market value
$120,300
Total market value
$120,300
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1949
Heating
YES
Stories
1
Bathrooms
1
Total area
10,500 SF
Lot
2.52 ac (109,771 SF)
Zoning code
B-3
APN
082020H A 03500
UPID
US80-2354653
Jurisdiction
SULLIVAN
Zoning & alternative use
B-3 · Bristol, TN
Zoning B-3 · permitted uses
B-3 · Bristol, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bristol. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$960,000
MEDICAL BUILDING
Est. value
$905,000
RESTAURANT
Est. value
$870,000
RETAIL STORES
Est. value
$815,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
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
1949
Heating
YES
Stories
1
Bathrooms
1
Lot
2.52 ac
Current owner
From public records · entity-resolved
Friendship Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1954 W STATE ST, BRISTOL, TN 37620-1940
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2023
$975,000
Friendship Properties LLC
Rss Wfcm2015 C30 Tn Va Ltp LLC
Special Warranty Deed
—
May 11, 2021
$1,710,000
Rss Wfcm2015 Tn Va Ltp LLC
Litchfield Tv Properties LLC
Trustees Deed
related
—
Jun 4, 2015
—
Litchfield Tv Properties LLC
Litchfield Sk Linden LLC
Quit Claim Deed
related
—
May 22, 2008
—
Litchfield Sk Linden LLC
Owner,record
Grant Deed
related
—
Sep 7, 2007
$3,359,734
Litchfield Sk Linden LLC
Column Dev LLC
Warranty Deed
—
Feb 8, 2005
—
Column Dev LLC
Kbm Coml Properties LLC
Grant Deed
related
—
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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