Professional Office
1127 Grove St Loudon, TN 37774
For Sale
Contact for pricing
Pending
2,400 SF office building features mostly open layout with reception window and office, offered as a blank-canvas space.
Property Size2,400 SF
Days on Market346
Property Features for 1127 Grove St
General Information
Standard status
Pending
Size
2,400 SF
Property subtype
OFFICE
Listing Agency:
Wallace Commercial
(865) 309-4950
Listed By:
Christa Rosenberg
(865) 309-4950
Source:
Moodyscre
Added: Aug 18, 2025
Changed: Jul 27
Last Checked: Jul 28 at 4:21PM
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 Wallace Commercial
Investment Insights
Based on property information with market context.
This 2,400 SF professional office building is laid out with mostly open areas, a reception window, and an office. The property is being presented as a clean, blank-canvas opportunity, with the owner completing final upgrades for a refreshed interior. The space was formerly used as a physical therapy office, supporting its suitability for professional services.
P-1 zoning allows a wide range of business uses, including business offices, financial institutions, and private clubs. Access directions are provided via SR-324, Sugarlimb Rd, US-11 S, and Grove St, with the building located on the left.
The recent core upgrades and functional reception-to-office configuration make the building a straightforward fit for professional organizations looking for a customizable office environment within a P-1 district.
P-1 zoning allows a wide range of business uses, including business offices, financial institutions, and private clubs. Access directions are provided via SR-324, Sugarlimb Rd, US-11 S, and Grove St, with the building located on the left.
The recent core upgrades and functional reception-to-office configuration make the building a straightforward fit for professional organizations looking for a customizable office environment within a P-1 district.
Key Highlights
- 2,400 SF professional office building with mostly open layout plus a reception window and office
- P‑1 zoning allows a wide range of business uses, including business offices (attorneys, engineers, accountants, physicians), financial institutions, and private clubs
- Former physical therapy office—configured for professional services with reception and office space
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 | $50.4k | $21.00 |
| − Vacancy | −$8.1k | −$3.36 |
| EGI | $42.3k | $17.64 |
| − OpEx | −$10.6k | −$4.41 |
| NOI | $31.8k | $13.23 |
2,400 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$453.6K
$396.9K – $529.2K
NOI $31,752 @ 7.0% cap · market cap 9.10%
Second Best
Healthcare Medical
$436.2K
$381.7K – $508.9K
NOI $30,534 @ 7.0% cap · market cap 8.75%
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 11.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 2,400 SF office building features mostly open layout with reception window and office, offered as a blank-canvas space.
Where is this office building located?
The property is located at 1127 Grove St Loudon, TN.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 2,400 SF professional office building with mostly open layout plus a reception window and office; P‑1 zoning allows a wide range of business uses, including business offices (attorneys, engineers, accountants, physicians), financial institutions, and private clubs; Former physical therapy office—configured for professional services with reception and office space
