Building Details

Year Built 1976

Listing Agency: Rocky Top Realty

Listed By: Tera Jones · License #TN 298989 Show Phone

Source: Crexi

Added: Feb 24 Changed: Sep 29 Last Checked: Oct 9 at 6:45PM

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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 Rocky Top Realty

Investment Insights

Based on property information with market context.

Key Highlights

• Well‑equipped medical office space with 6 exam rooms, lab, and X‑ray room, ready for immediate clinical operations.
• Adaptable layout suitable for various healthcare or professional uses (dental, legal, financial, etc.).
• Potential for multi‑practice occupancy or conversion to other professional services with an additional suite.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$69,418

Cap Rate

5.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,388,360 $1.4M

Cap Rate 7%

$991,686 $991.7K

Cap Rate 9%

$771,311 $771.3K

Market Conditions

NOI Build-Up for 5,247 SF

Gross rent

$110.2K $21.00/SF

− Vacancy

−$17.6K −$3.36/SF

EGI

$92.6K $17.64/SF

− OpEx

−$23.1K −$4.41/SF

NOI

$69.4K $13.23/SF

Area

Roane County, TN

Vacancy

16.00%

Lease Rate

$21.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,388,360

Cap Rate 7%

$991,686

Cap Rate 9%

$771,311

Alternative Uses

Best Use

Office B

$991.7K

$867.7K – $1.16M (±1% cap)

NOI $69,418 @ 7.0% cap · market cap 5.78%

Second Best

Healthcare Medical

$953.6K

$834.4K – $1.11M (±1% cap)

NOI $66,754 @ 7.0% cap · market cap 5.56%

Theoretical Best

Office A

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $90,970 @ 7.0% cap · market cap 7.58%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Dental Office Auto Repair Shop Restaurant Law Firm Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 37840, TN

9,330

Population

4,189

Households

2.2

Avg Household Size

44

Median Age

16%

College-Educated

87%

High-School Grad

80.7 sq mi

ZIP Area

116

Density / Sq Mi

$60,064

Median Household Income

$40,870

Median Earnings

$630

Median Rent

$185,100

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

Where is this medical office space located?

The property is located at 1030 Knoxville Hwy Oliver Springs, TN.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Well‑equipped medical office space with **6 exam rooms, lab, and X‑ray room**, ready for immediate clinical operations.; Adaptable layout suitable for various healthcare or professional uses (dental, legal, financial, etc.).; Potential for multi‑practice occupancy or conversion to other professional services with an additional suite.