Leased Retail and Office
For Sale
Contact for pricing
106 Keller Lane, Maryville, TN 37801
A fully leased NNN property adjacent to a Kroger Marketplace in Maryville, TN.
Property Size9,805 SF
Price / SF$496.79
Days on Market117
Property Features for 106 Keller Lane
General Information
Standard status
Active
Size
9,805 SF
Property subtype
Retail, Office
Occupancy
100%
Lease Type
NNN
Net Operating Income
$333,675
Building Details
Year Built
2017
Units
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - San Diego
Listed By:
Phil Sambazis · License #01474991
(858) 373-3174
Source:
Crexi
Added: Jun 29
Changed: Oct 8
Last Checked: Oct 23 at 6:27AM
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 Marcus & Millichap - San Diego
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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 for-sale commercial property is offered on a triple-net basis and is described as 100% leased. The asset includes retail space and office units within the same building, providing a mix of income-producing commercial use.
The property is located at 106 Keller Lane in Maryville, Tennessee and is noted in the remarks as adjacent to a Kroger Marketplace. The listing also highlights that it is situated in an affluent area.
The available information does not provide further detail on unit mix, frontage, or specific improvements beyond the building’s retail and office configuration and its leased, NNN structure.
The property is located at 106 Keller Lane in Maryville, Tennessee and is noted in the remarks as adjacent to a Kroger Marketplace. The listing also highlights that it is situated in an affluent area.
The available information does not provide further detail on unit mix, frontage, or specific improvements beyond the building’s retail and office configuration and its leased, NNN structure.
Key Highlights
- Year built 2017
- Fully leased 100% under NNN leases
- Located adjacent to Kroger Marketplace in Maryville, TN
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,490
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,529,800
$3.5M
Cap Rate 7%
$2,521,286
$2.5M
Cap Rate 9%
$1,961,000
$2.0M
Market Conditions
NOI Build-Up for 9,805 SF
Gross rent
$294.2K $30.00/SF
− Vacancy
−$58.8K −$6.00/SF
EGI
$235.3K $24.00/SF
− OpEx
−$58.8K −$6.00/SF
NOI
$176.5K $18.00/SF
Area
Blount County, TN
Vacancy
20.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,529,800
Cap Rate 7%
$2,521,286
Cap Rate 9%
$1,961,000
Alternative Uses
Best Use
Office B
$2.52M
$2.21M – $2.94M
NOI $176,490 @ 7.0% cap · market cap 3.62%
Second Best
Retail
$2.16M
$1.89M – $2.52M
NOI $151,493 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$3.95M
$3.45M – $4.61M
NOI $276,322 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Explore this area
Business Placement
Demographics for 37801, TN
28,822
Population
12,254
Households
2.4
Avg Household Size
42
Median Age
25%
College-Educated
89%
High-School Grad
69.4 sq mi
ZIP Area
415
Density / Sq Mi
$70,814
Median Household Income
$45,296
Median Earnings
$1,061
Median Rent
$268,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
NNN property - A fully leased NNN property adjacent to a Kroger Marketplace in Maryville, TN.
Where is this nnn property located?
The property is located at 106 Keller Lane Maryville, TN.
What is the asking price?
The asking price for this property is $4,871,000.
What are key features of this property?
This property features: Year built 2017; Fully leased 100% under NNN leases; Located adjacent to Kroger Marketplace in Maryville, TN
