Partially Leased Office
320 Cheshire Dr Knoxville, TN 37919
For Sale
Contact for pricing
High-end office building offers premium space with an established tenant and convenient access from Kingston Pike.
Property Size10,000 SF
Price / SF$295
Days on Market730
Property Features for 320 Cheshire Dr
General Information
Standard status
Active
Size
10,000 SF
Property subtype
OFFICE
Listing Agency:
Holrob
(865) 342-8716
Listed By:
Mark Shipe · License #278541
(865) 342-8716
Source:
Moodyscre
Added: Jul 30, 2024
Changed: Jul 29
Last Checked: Jul 29 at 2:22AM
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
Investment Insights
Based on property information with market context.
This high-end office building totals 10,000 square feet and is partially leased, with an established tenant providing immediate rental income. In addition to the occupied space, there is 4,230 square feet of premium office space available, supporting a range of office needs within the same building.
The property is positioned in West Knoxville in the Bearden area, with convenient access from Kingston Pike and Deane Hill. The site includes abundant on-site parking for employees and visitors, and offers accessibility to surrounding retail, restaurants, and major thoroughfares.
If you’re looking for an office asset with existing tenancy and functional parking for day-to-day operations, this building on Cheshire Drive is designed to accommodate office use in a convenient part of West Knoxville.
The property is positioned in West Knoxville in the Bearden area, with convenient access from Kingston Pike and Deane Hill. The site includes abundant on-site parking for employees and visitors, and offers accessibility to surrounding retail, restaurants, and major thoroughfares.
If you’re looking for an office asset with existing tenancy and functional parking for day-to-day operations, this building on Cheshire Drive is designed to accommodate office use in a convenient part of West Knoxville.
Key Highlights
- 10,000 SF high‑end office building in West Knoxville
- 4,230 SF of premium office space available
- Partially leased with an established tenant providing immediate rental income
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 | $210.0k | $21.00 |
| − Vacancy | −$33.6k | −$3.36 |
| EGI | $176.4k | $17.64 |
| − OpEx | −$44.1k | −$4.41 |
| NOI | $132.3k | $13.23 |
10,000 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.21M
NOI $132,300 @ 7.0% cap · market cap 4.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,376 @ 7.0% cap · market cap 5.88%
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 - High-end office building offers premium space with an established tenant and convenient access from Kingston Pike.
Where is this office building located?
The property is located at 320 Cheshire Dr Knoxville, TN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 10,000 SF high‑end office building in West Knoxville; 4,230 SF of premium office space available; Partially leased with an established tenant providing immediate rental income
