Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    305 Grady Rd Etowah, TN 37331

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $299,900

    Prime Medical Office, High Traffic Area

    Property size:
    4,100 SF

    Property Features for 305 Grady Rd

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    4,100 SF
    Lot Size
    72,310 SF

    Building Details

    Year Built
    1997

    We can help!

    Listing Contact
    Paula Scarbrough
    Paula Scarbrough

    Listing Agency: Century 21 Legacy Listing Agent: Paula Scarbrough

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 4,100 square foot medical office building in Etowah, TN, presents a compelling investment or operational opportunity. Situated on a 1.66-acre lot at 305 Grady Road, its convenient location near Highway 411 and Starr Regional Hospital ensures high visibility and accessibility. The building is currently configured as two identical units, each featuring a spacious waiting room, reception area, five exam rooms, a common area, a physician's office, three half-baths, a kitchenette, and a utility room. One unit is currently vacant, presenting immediate potential for rental income, estimated at approximately $2,000 per month. The property's existing medical office setup is easily adaptable to a variety of professional uses, making it an attractive option for both medical professionals establishing a practice and investors seeking a strong return. Its prime location near the hospital and major roadways guarantees high traffic and visibility, making it an ideal choice for those seeking a thriving commercial presence in a growing community. The asking price is $299,900. This property offers a unique blend of convenience, functionality, and investment potential in a desirable location. Don't miss this chance to acquire a well-positioned commercial asset in Etowah.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waters Donald MD Physician Starr Regional Family ... Medical Clinic Kayla Walker, PA-C Physician Angelina Sheridan, PA-C Physician Timothy Collins, MD Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Pharmacy Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Etowah
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.52483
    Latitude
    35.34604

    Nearby Similar for Sale

    • $149,000
      1,044 SF

      Downtown Etowah Commercial Space

      Centrally located commercial space ideal for retail, office, or restaurant.
      616 Tennessee Ave, Etowah, TN 37331
      View Details
    • $1,550,000
      9,600 SF

      Versatile Commercial Property in Etowah

      Meticulously maintained commercial property on just under 3 acres.
      300 N Tennessee Ave, Etowah, TN 37331
      View Details
    • $1,400,000
      576 SF

      Twelve Properties in Etowah, TN

      Investment opportunity: 11 cabins and one doublewide with signed leases.
      128 County Road 882, Etowah, TN 37331
      View Details
    • $425,000
      12,400 SF

      Turnkey Distillery in Desirable Location

      Distillery with event space in downtown Etowah, Tennessee.
      610 Tennessee Ave, Etowah, TN 37331
      View Details
    • $1,400,000
      576 SF

      Etowah Investment Property Portfolio

      Portfolio of 12 properties with existing leases and new construction.
      128 County Road 882, Etowah, TN 37331
      View Details
    • $273,000
      Pending

      Etowah Fourplex: Income Potential

      Four-unit property in Etowah, Tennessee, ideal for investors.
      714 Washington Ave, Etowah, TN 37331
      View Details
    • $295,000
      4,800 SF

      Etowah Mixed-Use Investment Opportunity

      Mixed-use property with income-producing apartments and retail space.
      830 Tennessee Ave, Etowah, TN 37331
      View Details
    • $295,000
      4,800 SF

      Etowah Commercial Investment Opportunity

      Mixed-use property with income-producing apartments and commercial space.
      830 Tennessee Ave, Etowah, TN 37331
      View Details
    • $248,000
      1,872 SF

      Etowah Fourplex Investment Opportunity

      Income-producing fourplex in Etowah, Tennessee, ideal for investors.
      706 Washington Ave, Etowah, TN 37331
      View Details
    • $815,000
      8,241 SF

      Highway 411 Commercial Opportunity

      8,241 SF building suitable for retail, office, or medical use.
      856 Highway 411, Etowah, TN 37331
      View Details
    • $400,000
      6,500 SF

      Industrial Buildings on Highway 411

      Industrial property with multiple buildings located off Highway 411.
      1447 Tennessee Ave, Etowah, TN 37331
      View Details
    • $815,000

      Etowah Retail Pharmacy Opportunity

      Prime Hwy 411 Retail Space, $815,000
      856 Highway 411, Etowah, TN 37331
      View Details

    FAQs

    What type of property is this?
    Office property - Prime Medical Office, High Traffic Area
    Where is this office property located?
    The property is located at 305 Grady Rd Etowah, TN.
    What is the asking price?
    The asking price for this property is $299,900.
    (423) 462-5193
    Request Owner's contact information
    305 Grady Rd Etowah, TN 37331
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    305 Grady Rd
    Etowah, TN 37331
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305 Grady Rd Etowah, TN 37331
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Paula Scarbrough
    Paula Scarbrough
    Real Estate License ID: 273045
    (423) 462-5193 (423) 745-4446
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!