Office Building with Reception
For Sale
$184,900
119 N Gateway Ave, Rockwood, TN 37854
Professional office setting with private workrooms, storage, visitor reception, and on-site parking.
Property Size1,200 SF
Price / SF$154.08
Days on Market56
Property Features for 119 N Gateway Ave
General Information
Standard status
Active
Size
1,200 SF
Building Details
Year Built
1973
Listing Agency:
Coldwell Banker Jim Henry & Assoc.
Listed By:
Kathy May-Martin · License #250474
(865) 603-7230
Source:
Grayfoxrealty
Added: Aug 23
Changed: Oct 5
Last Checked: Oct 7 at 1:13PM
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 Coldwell Banker Jim Henry & Assoc.
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Investment Insights
Based on property information with market context.
This 1,200-square-foot office building at 119 N Gateway Ave includes four offices, two bathrooms, storage space, and a reception and waiting area. The layout combines private work areas with a dedicated space for visitors and day-to-day administrative functions.
The property is located in Rockwood, Tennessee, within city limits, and includes on-site parking. Its office configuration provides a practical setting for an owner-user or business seeking dedicated commercial space.
The property is located in Rockwood, Tennessee, within city limits, and includes on-site parking. Its office configuration provides a practical setting for an owner-user or business seeking dedicated commercial space.
Key Highlights
- 1,200‑square‑foot office building at 119 N Gateway Ave
- Four offices and two bathrooms
- Reception and waiting area for visitors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,876
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$317,520
$317.5K
Cap Rate 7%
$226,800
$226.8K
Cap Rate 9%
$176,400
$176.4K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.2K $21.00/SF
− Vacancy
−$4.0K −$3.36/SF
EGI
$21.2K $17.64/SF
− OpEx
−$5.3K −$4.41/SF
NOI
$15.9K $13.23/SF
Area
Roane County, 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%
$317,520
Cap Rate 7%
$226,800
Cap Rate 9%
$176,400
Alternative Uses
Best Use
Office B
$226.8K
$198.5K – $264.6K
NOI $15,876 @ 7.0% cap · market cap 8.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$297.2K
$260.1K – $346.8K
NOI $20,805 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
Explore this area
Business Placement
Demographics for 37854, TN
12,614
Population
5,908
Households
2.1
Avg Household Size
47
Median Age
14%
College-Educated
86%
High-School Grad
136.4 sq mi
ZIP Area
92
Density / Sq Mi
$49,098
Median Household Income
$32,554
Median Earnings
$783
Median Rent
$154,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Professional office setting with private workrooms, storage, visitor reception, and on-site parking.
Where is this office building located?
The property is located at 119 N Gateway Ave Rockwood, TN.
What is the asking price?
The asking price for this property is $184,900.
What are key features of this property?
This property features: 1,200‑square‑foot office building at 119 N Gateway Ave; Four offices and two bathrooms; Reception and waiting area for visitors
