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1030 Knoxville Hwy Oliver Springs, TN 37840

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Medical Office Space

Type:Office
Property size:
5,247 SF
Price / SF:
$228/SF
Added:
Feb 24, 2026
Days on Market:
137
Last Refresh:
Jun 28 at 8:04 am

Property Features for 1030 Knoxville Hwy

General Information

Standard status
Active
Size
5,247 SF
Property subtype
Office

Building Details

Year Built
1976

Listing office Rocky Top Realty

Listing date Feb 24, 2026

Source Crexi

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.

Local 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 $110.2k $21.00
− Vacancy −$17.6k −$3.36
EGI $92.6k $17.64
− OpEx −$23.1k −$4.41
NOI $69.4k $13.23
5,247 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%

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 local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Medical Office Space

Suggested Use

Auto Repair Shop Hair Salon Kitchen & Bath Showroom Home Appliance Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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.
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