Medical Office and Surgery
110 Med Tech Pkwy Johnson City, TN 37604
For Sale
Contact for pricing
Large medical office and surgery center offering exam rooms, physician offices, operating rooms, and on-site parking.
Property Size33,521 SF
Lot Size3.70 Acres
Price / SF$295.34
Days on Market1415
Property Features for 110 Med Tech Pkwy
General Information
- Standard status
- Active
- Size
- 33,521 SF
- Lot size
- 3.70 Acres
- Property subtype
- OFFICE
Listing Agency:
TCI Group-Jerry Petzoldt Agency LLC
(423) 677-2486
Listed By:
Jerry Petzoldt · License #24712
(423) 677-2486
Source:
Moodyscre
Added: Sep 12, 2022
Changed: Jul 25
Last Checked: Jul 26 at 1:05PM
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
Investment Insights
Based on property information with market context.
This 33,521-square-foot medical office and surgery center is purpose-built for patient care and operational efficiency. The facility includes more than 40 exam rooms, 10 physician offices, four operating rooms, and dedicated surgery center space, along with climate-controlled storage. It also features 169 on-site parking spaces and a flexible layout designed to support a high-volume healthcare environment.
The property is located within Med Tech Park and is less than one-half mile from I-26. It is surrounded by established healthcare providers, including Franklin Woods Community Hospital and Ballad Health.
For sale or lease, this is an opportunity to acquire or occupy a fully developed, institution-quality healthcare facility at this Johnson City location in Med Tech Park.
The property is located within Med Tech Park and is less than one-half mile from I-26. It is surrounded by established healthcare providers, including Franklin Woods Community Hospital and Ballad Health.
For sale or lease, this is an opportunity to acquire or occupy a fully developed, institution-quality healthcare facility at this Johnson City location in Med Tech Park.
Key Highlights
- 33,521‑SF medical office and surgery center on 3.7 acres in Johnson City’s Med Tech Park
- Includes 40+ exam rooms, 10 physician offices, and dedicated surgery center space
- Four operating rooms and dedicated clinical spaces designed to support a high‑volume medical practice
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 |
33,521 SF · lease $24.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.07M
$6.18M – $8.25M
NOI $494,770 @ 7.0% cap · market cap 5.00%
Second Best
Healthcare Medical
$6.63M
$5.80M – $7.73M
NOI $463,756 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$14.14M
$12.37M – $16.49M
NOI $989,540 @ 7.0% cap · market cap 10.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Johnson City Eye ...
Ophthalmologist
Randal J. Rabon, ...
Ophthalmologist
John C. Johnson, ...
Ophthalmologist
Dr. Michael F. ...
Ophthalmologist
Amy B. Young, ...
Ophthalmologist
FAQs
What type of property is this?
Medical center - Large medical office and surgery center offering exam rooms, physician offices, operating rooms, and on-site parking.
Where is this medical center located?
The property is located at 110 Med Tech Pkwy Johnson City, TN.
What is the asking price?
The asking price for this property is $9,900,000.
What are key features of this property?
This property features: 33,521‑SF medical office and surgery center on 3.7 acres in Johnson City’s Med Tech Park; Includes 40+ exam rooms, 10 physician offices, and dedicated surgery center space; Four operating rooms and dedicated clinical spaces designed to support a high‑volume medical practice
