Medical Office Complex with
1101-1134 E Lamar Alexander Pkwy Maryville, TN 37804
For Sale
Contact for pricing
Two medical office buildings totaling about 24,973 square feet offer rentable office space and 191 parking spaces.
Property Size25,073 SF
Price / SF$211.38
Days on Market29
Property Features for 1101-1134 E Lamar Alexander Pkwy
General Information
Standard status
Active
Size
25,073 SF
Property subtype
OFFICE
Listing Agency:
Lawler-Wood, LLC
(865) 318-5943
Listed By:
Robert Finley
(865) 318-5943
Source:
Moodyscre
Added: Jul 1
Changed: Jul 26
Last Checked: Jul 28 at 3:56PM
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 Lawler-Wood, LLC
Investment Insights
Based on property information with market context.
Blount Medical Complex includes two medical office buildings built in 1981 and 1983. Building 1 is a single-level structure totaling about 11,456 square feet with about 10,430 rentable square feet. Building 2 is a two-level office building totaling about 13,517 square feet with about 12,140 rentable square feet. As of July 1, Building 2 is described as almost fully tenanted, with approximately 1,500 square feet vacant.
The complex is located on E. Lamar Alexander Parkway in close proximity to Prisma Health Blount Memorial Hospital, positioned within Maryville’s medical center of gravity.
An additional approximately 0.48-acre pad of surplus ground is adjacent to Building 2 and could support development of an approximately 12,000-square-foot two-story building, with sufficient additional parking. Tours are available after operating hours by arrangement with an agent, and confidential information is available to qualified buyers with a signed NDA.
The complex is located on E. Lamar Alexander Parkway in close proximity to Prisma Health Blount Memorial Hospital, positioned within Maryville’s medical center of gravity.
An additional approximately 0.48-acre pad of surplus ground is adjacent to Building 2 and could support development of an approximately 12,000-square-foot two-story building, with sufficient additional parking. Tours are available after operating hours by arrangement with an agent, and confidential information is available to qualified buyers with a signed NDA.
Key Highlights
- Two medical office buildings totaling about 24,973 SF with a combined rentable office area of about 22,570 SF
- 1101 E. Lamar Alexander (built 1981): one‑level building totaling about 11,456 SF with about 10,430 SF rentable
- 1135 E. Lamar Alexander (built 1983): two‑level office building totaling about 13,517 SF with about 12,140 SF rentable
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 | $752.2k | $30.00 |
| − Vacancy | −$150.4k | −$6.00 |
| EGI | $601.8k | $24.00 |
| − OpEx | −$150.4k | −$6.00 |
| NOI | $451.3k | $18.00 |
25,073 SF · lease $30.00/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.45M
$5.64M – $7.52M
NOI $451,314 @ 7.0% cap · market cap 8.52%
Second Best
Healthcare Medical
$4.04M
$3.53M – $4.71M
NOI $282,748 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$10.09M
$8.83M – $11.78M
NOI $706,601 @ 7.0% cap · market cap 13.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Blount Veterinary Clinic — 1123 E Broadway Ave, Maryville, TN 37804
- Alford Mary DVM — Maryville, TN 37801
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two medical office buildings totaling about 24,973 square feet offer rentable office space and 191 parking spaces.
Where is this medical office space located?
The property is located at 1101-1134 E Lamar Alexander Pkwy Maryville, TN.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Two medical office buildings totaling about 24,973 SF with a combined rentable office area of about 22,570 SF; 1101 E. Lamar Alexander (built 1981): one‑level building totaling about 11,456 SF with about 10,430 SF rentable; 1135 E. Lamar Alexander (built 1983): two‑level office building totaling about 13,517 SF with about 12,140 SF rentable
