Medical Office Complex with
For Sale
Contact for pricing
1101-1134 E Lamar Alexander Pkwy, Maryville, TN 37804
Two medical office buildings totaling about 24,973 square feet offer rentable office space and 191 parking spaces.
Property Size25,073 SF
Price / SF$187.45
Days on Market120
Property Features for 1101-1134 E Lamar Alexander Pkwy
General Information
Standard status
Active
Size
25,073 SF
Total Parking Spaces
191
Property subtype
OFFICE
Occupancy
93%
Listing Agency:
Lawler-Wood, LLC
(865) 637-7777
Listed By:
Robert Finley
(865) 318-5943
Source:
Moodyscre
Added: Jul 1
Changed: Oct 25
Last Checked: Oct 26 at 7:17PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$282,748
Cap Rate
6.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,654,960
$5.7M
Cap Rate 7%
$4,039,257
$4.0M
Cap Rate 9%
$3,141,644
$3.1M
Market Conditions
NOI Build-Up for 25,073 SF
Gross rent
$526.5K $21.00/SF
− Vacancy
−$55.3K −$2.21/SF
EGI
$471.2K $18.80/SF
− OpEx
−$188.5K −$7.52/SF
NOI
$282.7K $11.28/SF
Area
Blount County, TN
Vacancy
10.50%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,654,960
Cap Rate 7%
$4,039,257
Cap Rate 9%
$3,141,644
Alternative Uses
Best Use
Office B
$6.45M
$5.64M – $7.52M
NOI $451,314 @ 7.0% cap · market cap 9.60%
Second Best
Healthcare Medical
$4.04M
$3.53M – $4.71M
NOI $282,748 @ 7.0% cap · market cap 6.02%
Theoretical Best
Office A
$10.09M
$8.83M – $11.78M
NOI $706,601 @ 7.0% cap · market cap 15.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
93.4%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,093
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37804, TN
27,075
Population
10,569
Households
2.6
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
34.9 sq mi
ZIP Area
776
Density / Sq Mi
$75,794
Median Household Income
$37,879
Median Earnings
$1,155
Median Rent
$224,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Alford Mary DVM — Maryville, TN 37801
- Blount Veterinary Clinic — 1123 E Broadway Ave, Maryville, TN 37804
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 $4,700,000.
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
