Six-Office Professional
105-106 Legacy View Way, Knoxville, TN 37918
For Sale
$864,270
The layout includes a reception area, conference room, kitchen, storage, and two sets of restrooms.
Property Size2,619 SF
Price / SF$330
Days on Market48
Property Features for 105-106 Legacy View Way
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
NAI Koella | RM Moore
Listed By:
Michelle Gibbs · License TN #249165
(865) 228-4264
Source:
Koellamoore
Added: Sep 24
Changed: Nov 2
Last Checked: Nov 8 at 4:04AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,619-square-foot office suite contains six offices, a large conference room, reception and lobby space, two sets of restrooms, a kitchen, and storage. The building was completed in 2008.
The suite is positioned at the principal entry to Legacy View Office Development in Knoxville. Parking is available for employees and clients.
The suite is positioned at the principal entry to Legacy View Office Development in Knoxville. Parking is available for employees and clients.
Key Highlights
- 2,619 square feet of office space
- Six offices plus a large conference room
- Reception and lobby, kitchen, storage, and two sets of restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,649
Cap Rate
4.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$692,980
$693.0K
Cap Rate 7%
$494,986
$495.0K
Cap Rate 9%
$384,989
$385.0K
Market Conditions
NOI Build-Up for 2,619 SF
Gross rent
$55.0K $21.00/SF
− Vacancy
−$8.8K −$3.36/SF
EGI
$46.2K $17.64/SF
− OpEx
−$11.5K −$4.41/SF
NOI
$34.6K $13.23/SF
Area
Knoxville, 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%
$692,980
Cap Rate 7%
$494,986
Cap Rate 9%
$384,989
Alternative Uses
Best Use
Office B
$495.0K
$433.1K – $577.5K
NOI $34,649 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$648.7K
$567.6K – $756.8K
NOI $45,407 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Explore this area
Business Placement
Demographics for 37918, TN
46,245
Population
20,228
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
1,337
Density / Sq Mi
$69,311
Median Household Income
$41,882
Median Earnings
$1,102
Median Rent
$237,500
Median Home Value
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Market
Properties on Market for Office Units in Knoxville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The layout includes a reception area, conference room, kitchen, storage, and two sets of restrooms.
Where is this office unit located?
The property is located at 105-106 Legacy View Way Knoxville, TN.
What is the asking price?
The asking price for this property is $864,270.
What are key features of this property?
This property features: 2,619 square feet of office space; Six offices plus a large conference room; Reception and lobby, kitchen, storage, and two sets of restrooms
