Medical/Office Space Near Parkwest
10133 Sherrill Drive Suite 103 Knoxville, TN
For Sale
Contact for pricing
3,900 SF open space suitable for medical or office use.
Property Size3,900 SF
Lot Size4.13 Acres
Price / SF$210.26
Days on Market1093
Property Features for 10133 Sherrill Drive Suite 103
General Information
Standard status
Active
Size
3,900 SF
Lot size
4.13 Acres
Property subtype
OFFICE
Listing Agency:
Holrob
(865) 278-4947
Listed By:
TJ Galloway · License #278541
(865) 278-4947
Source:
Moodyscre
Added: Aug 3, 2023
Changed: Jul 6
Last Checked: Jul 21 at 5:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Holrob
Investment Insights
Based on property information with market context.
This 3,900 square-foot space is suitable for medical or office use. It is located near Parkwest Hospital, I-140, and I-40. The available space is in the West Med Building, a Class-A building that is well-maintained and managed. The space is an open layout, ready for buildout. It is the only available space in the building and the only one with its own exterior entrance. All other occupants are long term.
Key Highlights
- Prime location seconds from Parkwest Hospital, I‑140, and I‑40
- 3,900 square feet of open space ready for buildout
- Only available space in the Class‑A West Med Building
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.9k | $21.00 |
| − Vacancy | −$13.1k | −$3.36 |
| EGI | $68.8k | $17.64 |
| − OpEx | −$17.2k | −$4.41 |
| NOI | $51.6k | $13.23 |
3,900 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$737.1K
$645.0K – $860.0K
NOI $51,597 @ 7.0% cap · market cap 6.29%
Second Best
Healthcare Medical
$708.8K
$620.2K – $827.0K
NOI $49,617 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$966.0K
$845.2K – $1.13M
NOI $67,617 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Central Veterinary Hospital — 1212 Clinch Ave, Knoxville, TN 37916
- Central Veterinary Hospital: Iannacone P DVM — 1212 Clinch Ave, Knoxville, TN 37916
- Central Veterinary Hospital: Black R DVM — 1212 Clinch Ave, Knoxville, TN 37916
- Matthews T DVM — 1212 Clinch Ave, Knoxville, TN 37916, United States
- Central Veterinary Hospital: Ferrell B DVM — 1212 Clinch Ave, Knoxville, TN 37916
Frequently Asked Questions
What type of property is this?
Medical Office Space - 3,900 SF open space suitable for medical or office use.
Where is this medical office space located?
The property is located at 10133 Sherrill Drive Suite 103 Knoxville, TN.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Prime location seconds from Parkwest Hospital, I‑140, and I‑40; 3,900 square feet of open space ready for buildout; Only available space in the Class‑A West Med Building
