Medical/Office Space Near Parkwest
For Sale
Contact for pricing
Pending
10133 Sherrill Drive Suite 103, Knoxville, TN
3,900 SF open space suitable for medical or office use.
Property Size3,900 SF
Lot Size4.13 Acres
Days on Market1184
Property Features for 10133 Sherrill Drive Suite 103
General Information
Standard status
Pending
Size
3,900 SF
Lot size
4.13 Acres
Property subtype
OFFICE
Listing Agency:
Holrob
(865) 637-3770
Listed By:
TJ Galloway · License #336672
(865) 278-4947
Source:
Moodyscre
Added: Aug 3, 2023
Changed: Oct 26
Last Checked: Oct 28 at 11:35AM
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 Holrob
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.
This 3,900 square-foot space is suitable for medical or office use. It is located near Parkwest Hospital, I-140, and I-40. The available space is in the West Med Building, a Class-A building that is well-maintained and managed. The space is an open layout, ready for buildout. It is the only available space in the building and the only one with its own exterior entrance. All other occupants are long term.
Key Highlights
- Prime location seconds from Parkwest Hospital, I‑140, and I‑40
- 3,900 square feet of open space ready for buildout
- Only available space in the Class‑A West Med Building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,597
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,031,940
$1.0M
Cap Rate 7%
$737,100
$737.1K
Cap Rate 9%
$573,300
$573.3K
Market Conditions
NOI Build-Up for 3,900 SF
Gross rent
$81.9K $21.00/SF
− Vacancy
−$13.1K −$3.36/SF
EGI
$68.8K $17.64/SF
− OpEx
−$17.2K −$4.41/SF
NOI
$51.6K $13.23/SF
Area
Knoxville, TN
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,031,940
Cap Rate 7%
$737,100
Cap Rate 9%
$573,300
Alternative Uses
Best Use
Office B
$737.1K
$645.0K – $860.0K
NOI $51,597 @ 7.0% cap · market cap 6.29%
Second Best
Healthcare Medical
$708.8K
$620.2K – $827.0K
NOI $49,617 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$966.0K
$845.2K – $1.13M
NOI $67,617 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,033
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Central Veterinary Hospital — 1212 Clinch Ave, Knoxville, TN 37916
- Central Veterinary Hospital: Iannacone P DVM — 1212 Clinch Ave, Knoxville, TN 37916
- Central Veterinary Hospital: Black R DVM — 1212 Clinch Ave, Knoxville, TN 37916
- Matthews T DVM — 1212 Clinch Ave, Knoxville, TN 37916, United States
- Central Veterinary Hospital: Ferrell B DVM — 1212 Clinch Ave, Knoxville, TN 37916
Frequently Asked Questions
What type of property is this?
Medical Office Space - 3,900 SF open space suitable for medical or office use.
Where is this medical office space located?
The property is located at 10133 Sherrill Drive Suite 103 Knoxville, TN.
What is the asking price?
The asking price for this property is $820,000.
What are key features of this property?
This property features: Prime location seconds from Parkwest Hospital, I‑140, and I‑40; 3,900 square feet of open space ready for buildout; Only available space in the Class‑A West Med Building
