Medical Office
For Sale
$800,000
122 Lynnwood Dr, Knoxville, TN 37918
Dental office buildout includes six operatories, waiting and reception, multiple exam and work areas, and two bathrooms.
Property Size3,542 SF
Days on Market167
Property Features for 122 Lynnwood Dr
General Information
Standard status
Active
Size
3,542 SF
Class
B
Property subtype
Office
Building Details
Building Size
3,542 SF
Year Built
2006
Listing Agency:
NAI Koella RM Moore - Knoxville
Listed By:
John Haney, CCIM · License #TN #00314412
(865) 228-0673
Source:
Koellamoore
Added: May 8
Changed: Oct 8
Last Checked: Oct 20 at 7:07PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,861
Cap Rate
5.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$937,220
$937.2K
Cap Rate 7%
$669,443
$669.4K
Cap Rate 9%
$520,678
$520.7K
Market Conditions
NOI Build-Up for 3,542 SF
Gross rent
$74.4K $21.00/SF
− Vacancy
−$11.9K −$3.36/SF
EGI
$62.5K $17.64/SF
− OpEx
−$15.6K −$4.41/SF
NOI
$46.9K $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%
$937,220
Cap Rate 7%
$669,443
Cap Rate 9%
$520,678
Alternative Uses
Best Use
Office B
$669.4K
$585.8K – $781.0K
NOI $46,861 @ 7.0% cap · market cap 5.86%
Second Best
Healthcare Medical
$643.8K
$563.3K – $751.1K
NOI $45,063 @ 7.0% cap · market cap 5.63%
Theoretical Best
Office A
$877.3K
$767.6K – $1.02M
NOI $61,410 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37918, TN
46,245
Population
20,228
Households
2.3
Avg Household Size
40
Median Age
31%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
1,337
Density / Sq Mi
$69,311
Median Household Income
$41,882
Median Earnings
$1,102
Median Rent
$237,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
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- Elizabeth Cooper — 5630 N Broadway St, Knoxville, TN 379184103
- Fountain City Animal Hospital — 5630 N Broadway St, Knoxville, TN 37918
Frequently Asked Questions
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 $800,000.
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
