Medical Office Space with Physical Therapy
For Sale
Contact for pricing
1014 Middle Creek Road, Sevierville, TN 37862
Well-built medical office designed for physical therapy; current owner will vacate upon lease or sale execution.
Property Size9,620 SF
Price / SF$358.63
Days on Market499
Property Features for 1014 Middle Creek Road
General Information
Standard status
Active
Size
9,620 SF
Property subtype
OFFICE
Building Details
Buildings
1
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
NAI Koella RM Moore - Knoxville
(865) 531-6400
Listed By:
Heidi C. Adams, CCIM · License #00320097
(321) 439-3175
Source:
Moodyscre
Added: Jun 1, 2025
Changed: Oct 12
Last Checked: Oct 11 at 3:47AM
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 NAI Koella RM Moore - Knoxville
Investment Insights
Based on property information with market context.
Well-built medical office space designed as a physical therapy office. The property’s layout is intended to support physical therapy use and can lend itself to other medical therapies.
The building is located at 1014 Middle Creek Road in Sevierville, Tennessee. The current owner occupies the building and will vacate upon execution of a lease or sale of the property, creating a straightforward path to occupancy for a new medical tenant or owner.
With 9,620 square feet, the space is sized for a clinical practice. The physical therapy-oriented design helps establish a functional starting point for medical professionals evaluating their next office location.
The building is located at 1014 Middle Creek Road in Sevierville, Tennessee. The current owner occupies the building and will vacate upon execution of a lease or sale of the property, creating a straightforward path to occupancy for a new medical tenant or owner.
With 9,620 square feet, the space is sized for a clinical practice. The physical therapy-oriented design helps establish a functional starting point for medical professionals evaluating their next office location.
Key Highlights
- Designed as a physical therapy office for use by medical therapies
- 9,620 SF medical office building
- Current owner occupies the building and will vacate upon lease or sale execution
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,312
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,726,240
$2.7M
Cap Rate 7%
$1,947,314
$1.9M
Cap Rate 9%
$1,514,578
$1.5M
Market Conditions
NOI Build-Up for 9,620 SF
Gross rent
$221.6K $23.04/SF
− Vacancy
−$39.9K −$4.15/SF
EGI
$181.7K $18.89/SF
− OpEx
−$45.4K −$4.72/SF
NOI
$136.3K $14.17/SF
Area
Sevier County, TN
Vacancy
18.00%
Lease Rate
$23.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,726,240
Cap Rate 7%
$1,947,314
Cap Rate 9%
$1,514,578
Alternative Uses
Best Use
Office B
$1.95M
$1.70M – $2.27M
NOI $136,312 @ 7.0% cap · market cap 3.95%
Second Best
Healthcare Medical
$1.63M
$1.43M – $1.90M
NOI $114,078 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$4.06M
$3.55M – $4.73M
NOI $283,982 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37862, TN
23,236
Population
13,676
Households
1.7
Avg Household Size
43
Median Age
23%
College-Educated
87%
High-School Grad
81.8 sq mi
ZIP Area
284
Density / Sq Mi
$58,110
Median Household Income
$31,490
Median Earnings
$956
Median Rent
$283,800
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Well-built medical office designed for physical therapy; current owner will vacate upon lease or sale execution.
Where is this medical office space located?
The property is located at 1014 Middle Creek Road Sevierville, TN.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Designed as a physical therapy office for use by medical therapies; 9,620 SF medical office building; Current owner occupies the building and will vacate upon lease or sale execution
