Bristol, VA
Commercial Real Estate Market Trends & Data

$174 Avg asking sale price
$538 Avg asking lease rate
28,587 SF Avg unit lease size
17,570 SF Avg building size for sale
6.47% Average cap rate

Bristol's Demographic Profile

Bristol has 7,644 households and a median income of $43,548, providing context for rent absorption and tenant demand across retail and multifamily assets. A 0% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 17,037
# Households 7,644
Median age 44
Median household income $43,548
Avg household size 2.0
Renter-occupied housing units 3,219
5-year population change 0%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Bristol, VA

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Bristol $230 27,977 SF 6.33%
Bristol $178 2,052 SF 6.33%
Nearby Retail Markets Avg Cost/SF Typical Size
Bristol $200 11,474 SF
Abingdon $146 20,382 SF
Bristol $246 12,550 SF
Castlewood $62 8,000 SF
Blountville $337 14,703 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Bristol $173 2,180 SF 9.57%
Bristol $173 2,180 SF 9.57%
Kingsport $205 5,750 SF 11.15%
Johnson City $210 44,817 SF 11.15%

Commercial Properties For Sale in Bristol

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Bristol Restaurant or Retail Pad

Bristol, TN 37620

  • 1.79 AC Lot
  • 1 Commercial Lot
  • $1,550,000
For Sale

1055 E Valley Dr

Bristol, VA 24201

  • 9,123 SF Retail Building
  • 7.00% Cap Rate
  • $1,127,714
For Sale

DATA CENTER BY RIGHT

Bristol, VA 24201

  • 50.64 AC Lot
  • 1 Commercial Lot
  • $10,000,000
For Sale

REDUCED! Bristol TN Office Building

Bristol, TN 37620

  • 3,949 SF Office Building
  • $370,000
For Sale

Walgreens

Bristol, TN 37620

  • 13,824 SF Retail Building
  • 6.65% Cap Rate
  • $3,830,616
For Sale

5.689 Multi-Family Vacant Land

Bristol, VA 24201

  • 5.70 AC Lot
  • 1 Residential Income Lot
  • $199,999

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Bristol pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Bristol $174 17,570 SF
Abingdon $100 21,077 SF
Bristol $570 7,934 SF
Castlewood $63 8,351 SF
Blountville $240 9,852 SF

Regional Demographic Comparison

This comparison places Bristol alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Bristol or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Abingdon 9,058 3,838 44 $51,616 2 1,753 -1%
Bristol 27,878 12,213 43 $44,915 2 4,168 3%
Castlewood 1,464 611 47 $41,172 2 134 -3%
Blountville 2,746 1,058 45 $63,791 2 269 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Bristol, VA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Bristol

View All Commercial Real Estate For Sale in Bristol
Is Bristol a good market for a first-time commercial real estate investor?

Bristol offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Bristol?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Bristol. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Bristol?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Bristol. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Bristol compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Bristol. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Bristol acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Bristol, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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