Medical Office
122 Lynnwood Dr Knoxville, TN 37918
122 Lynnwood Dr, Knoxville, TN, 37918
Contact for pricing
For Sale
Contact for pricing
Dental office buildout includes six operatories, waiting and reception, multiple exam and work areas, and two bathrooms.
Property Size3,542 SF
Price / SF$254.09
Days on Market90
Property Features for 122 Lynnwood Dr
General Information
- Standard status
- Active
- Size
- 3,542 SF
- Property subtype
- OFFICE
Listing agency
NAI Koella RM Moore - Knoxville
(865) 228-0673
Listed by
John Haney, CCIM · License ##00314412
(865) 228-0673
Source
Moodyscre
Added: Apr 24 Updated: Jul 22 at 1:44AM Checked: Jul 22 at 1:44AM
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 NAI Koella RM Moore - Knoxville
Investment Insights
Based on property information with market context.
This medical office property is currently configured as a dental office and includes six operatories, a waiting room, and a built-in reception. The layout also features a private office with a full bathroom, a meeting room, and a lab/work area. Additional amenities include a kitchen breakroom with a washer and dryer, plus two bathrooms. The building size also includes 467 square feet of unfinished attic storage.
Located between Fountain City Park and Central High School, the property is surrounded by numerous restaurants and retail. Measurements are per the appraisal report and should be independently verified by the buyer.
Located between Fountain City Park and Central High School, the property is surrounded by numerous restaurants and retail. Measurements are per the appraisal report and should be independently verified by the buyer.
Key Highlights
- Dental office built out for medical use with 6 operatories plus waiting room and built‑in reception
- Includes private office with full bathroom, meeting room, and lab/work area
- Two bathrooms and kitchen/breakroom with washer and dryer
Local 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 | $74.4k | $21.00 |
| − Vacancy | −$11.9k | −$3.36 |
| EGI | $62.5k | $17.64 |
| − OpEx | −$15.6k | −$4.41 |
| NOI | $46.9k | $13.23 |
3,542 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$669.4K
$585.8K – $781.0K
NOI $46,861 @ 7.0% cap · market cap 5.21%
Second Best
Healthcare Medical
$643.8K
$563.3K – $751.1K
NOI $45,063 @ 7.0% cap · market cap 5.01%
Theoretical Best
Office A
$877.3K
$767.6K – $1.02M
NOI $61,410 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sara Boren DDS
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- Fountain City Animal Hospital — 5630 N Broadway St, Knoxville, TN 37918
- Just For Pets Animal Clinic — 5034 N Broadway St #255, Knoxville, TN 37918
- Melissa Bennett — 5630 N Broadway St, Knoxville, TN 379184103
- Elizabeth Cooper — 5630 N Broadway St, Knoxville, TN 379184103
FAQs
What type of property is this?
Medical Office Space - Dental office buildout includes six operatories, waiting and reception, multiple exam and work areas, and two bathrooms.
Where is this medical office space located?
The property is located at 122 Lynnwood Dr Knoxville, TN.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Dental office built out for medical use with 6 operatories plus waiting room and built‑in reception; Includes private office with full bathroom, meeting room, and lab/work area; Two bathrooms and kitchen/breakroom with washer and dryer
