Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Virginia Ave Bristol, TN 37620

    • Commercial real estate
    • 42,799 SF
    • 4.09 lot acres
    OFF-MARKET
    Value Estimations
    $6,045,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2069000
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for Virginia Ave

    Year built
    2016
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.09 lot acres
    Property size
    42,799 SF
    Property type
    Commercial real estate
    APN
    082021J J 02800
    APU
    082021JJ02800

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,260,000
      6.5%
      $5,780,000
      7%
      $5,365,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,758,000
      Market price range: $1.65M - $5.76M
      AI Estimate
      $6,596,000
      Market price range: $1.97M - $6.65M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $5,565,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bristol
    County
    Sullivan
    State
    Tennessee
    Longitude
    -82.1663
    Latitude
    36.5797
    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
    $51,520
    $1,491,360
    $1,542,880
    -
    $128,800
    $3,728,400
    $3,857,200

    Comparable in this City

    • Value Estimation by Request
      5.10 Acres

      2089 King College Rd

      Land • 5.10 Acres
      2089 King College Rd, Bristol, TN 37620
      View Details
    • Value Estimation by Request
      1,838 SF

      2520 State St

      Commercial real estate • 1,838 SF
      2520 State St, Bristol, TN 37620
      View Details
    • Value Estimation by Request
      0.43 Acres

      Cliffwood Rd

      COMMERCIAL (GENERAL) • 0.43 Acres
      Cliffwood Rd, Bristol, TN 37620
      View Details
    • Value Estimation by Request
      40.00 Acres

      12 12th St

      COMMERCIAL (GENERAL) • 40.00 Acres
      12 12th St, Bristol, TN 37620
      View Details
    • Value Estimation by Request
      87.00 Acres

      13th St

      COMMERCIAL (GENERAL) • 87.00 Acres
      13th St, Bristol, TN 37620
      View Details
    • Value Estimation by Request
      40.00 Acres

      16th St

      COMMERCIAL (GENERAL) • 40.00 Acres
      16th St, Bristol, TN 37620
      View Details

    Similar Nearby for Sale

    • $300,000

      West State St Commercial Lot

      High-traffic Bristol, TN land near casino.
      2312 State St, Bristol, TN 37620
      View Details
    • $1,980,198
      1.62 Acres

      Prime Bristol, TN Investment Portfolio

      11-Property Portfolio, High Potential
      11 House Portfolio Bristol Tn, Bristol, TN 37620
      View Details
    • $337,500
      720 SF

      Highway 421 Bristol Commercial Property

      Prime Bristol location, 720 sq ft, 3.17 acres.
      2824 Highway 421, Bristol, TN 37620
      View Details
    • $235,000
      0.68 Acres

      Bristol Commercial Land - $235K

      Prime .68-acre commercial lot, high traffic area.
      210 Cox St, Bristol, TN 37620
      View Details
    • $2,500,000
      70.00 Acres

      Prime Bristol TN Land - 70 Acres

      70-acre mixed-use development opportunity.
      421 At Hwy 394, 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

    Similar Nearby for Lease

    • $11 SF/Yr
      32,250 SF

      1135 Volunteer Pkwy

      Retail properties • 32,250 SF
      1135 Volunteer Pkwy, Bristol, TN 37620
      View Details
    • $14 SF/Yr
      2,640 SF

      Equipped Medical Office Space

      2640 SF medical office space in Bristol, TN for rent.
      109 Meadow View Rd, Bristol, TN 37620
      View Details
    • $1,800,000
      22,500 SF

      Downtown Bristol Commercial Space Available

      22,500 sq ft commercial space in thriving downtown Bristol, TN.
      628 State St, Bristol, TN 37620
      View Details
    • Contact for pricing
      521,824 SF

      Prime Bristol Warehouse Space

      Large warehouse, flexible lease options
      364 Exide Dr, Bristol, TN 37620
      View Details
    • $8 SF/Yr
      60,000 SF

      Volunteer Plaza: Retail Opportunity

      Prime Sullivan County retail space, 60,000 SF available.
      1379 Volunteer Pkwy, Bristol, TN 37620
      View Details
    • $16 SF/Yr
      2,087 SF

      Bristol Office Space For Rent

      Office space available for lease in Bristol, Tennessee.
      308 8Th St, Bristol, TN 37620
      View Details
    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.
    Virginia Ave
    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

    Google sign-in failed. Please try again or use another login method.