110 Med Tech Pkwy, Johnson City, TN
State-of-the-art medical facility for sale or lease.
- Added:
- Sep 12, 2022
- Days on Market:
- 1378
- Last Refresh:
- Apr 5 at 8:11 pm
Property Features for 110 Med Tech Pkwy
General Information
- Standard status
- Active
- Size
- 33,521 SF
- Lot size
- 3.70 Acres
- Property subtype
- OFFICE
Properties For Sale
at 110 Med Tech Pkwy Contact usListing agent Jerry Petzoldt License #24712 (423) 677-2486
Listing office TCI Group-Jerry Petzoldt Agency LLC (423) 677-2486
Listing date Sep 12, 2022
Source Moodyscre
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 TCI Group-Jerry Petzoldt Agency LLC
HighLights
- State‑of‑the‑art medical facility with 33,521 sq ft on 3.7 acres.
- Located in Med Tech Park, a recognized medical and professional office area.
- Main floor includes a 6,600 sq ft surgery center and a 23,020 sq ft clinic area.
- Clinic area features 40+ exam rooms, 10 doctor offices, and 2 operating rooms.
- Surgery Center contains 4 pre and post OP bays and 2 Operating Rooms.
- Large paved parking lot with 169 spaces.
Overview
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 | $804.5k | $24.00 |
| − Vacancy | −$144.8k | −$4.32 |
| EGI | $659.7k | $19.68 |
| − OpEx | −$164.9k | −$4.92 |
| NOI | $494.8k | $14.76 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Oakwell Animal Hospital — 1041 Hamilton Pl, Johnson City, TN 37604
Location Insight
- Map
- Local Demand
- City
- Johnson City
- County
- Washington
- State
- Tennessee
- Longitude
- -82.4038
- Latitude
- 36.3406