Medical Office with Exam
1420 Fritz Street SE Cleveland, TN 37323
For Sale
$1,295,000
COMMERCIAL - Cleveland, TN
Property Size4,785 SF
Lot Size0.37 Acres
Price / SF$270.64
Days on Market666
Property Features for 1420 Fritz Street SE
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Interior features
Crown Molding
Exterior features
Rain Gutters
Standard status
Active
APN
065e F 01604 000
Size
4,785 SF
Lot size
0.37 Acres
Taxes and HOA fees
Tax Annual Amount
8497
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Flooring type
Tile, Carpet
Building materials
Brick Veneer
Roof type
Shingle
Listing Agency:
Bender Realty
(423) 472-2173
Listed By:
Brian Workman · License #271193
(423) 618-0900
Added: Oct 2, 2024
Changed: Jul 28
Last Checked: Jul 29 at 12:06AM
MLS# 20244364
Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial medical office property is built out with up to 12 exam rooms, along with a lab area, break room, X-ray room, a large nurses station, and records area. The layout also features a very large waiting area and five bathrooms. Additional provider office space is located upstairs.
The property is offered for sale in Cleveland, Tennessee, and includes an additional lot availability mentioned in the remarks.
With dedicated clinical space plus added upstairs provider offices, the building is set up to support an established medical practice layout within a single facility.
The property is offered for sale in Cleveland, Tennessee, and includes an additional lot availability mentioned in the remarks.
With dedicated clinical space plus added upstairs provider offices, the building is set up to support an established medical practice layout within a single facility.
Key Highlights
- Medical building with up to 12 exam rooms plus lab, break room, and X‑ray room
- Large waiting area, large nurses station, and records area for patient flow and staff support
- Five bathrooms plus additional provider office space upstairs
Financial Insights For Healthcare Medical
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 | $103.4k | $21.60 |
| − Vacancy | −$10.3k | −$2.16 |
| EGI | $93.0k | $19.44 |
| − OpEx | −$37.2k | −$7.78 |
| NOI | $55.8k | $11.66 |
4,785 SF · lease $21.60/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$797.3K
$697.7K – $930.2K
NOI $55,812 @ 7.0% cap · market cap 4.31%
Second Best
Office B
$756.7K
$662.1K – $882.8K
NOI $52,970 @ 7.0% cap · market cap 4.09%
Theoretical Best
Office A
$1.00M
$878.5K – $1.17M
NOI $70,282 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office includes up to 12 exam rooms, lab, X-ray room, large waiting area, and multiple bathrooms.
Where is this medical office space located?
The property is located at 1420 Fritz Street SE Cleveland, TN.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Medical building with up to 12 exam rooms plus lab, break room, and X‑ray room; Large waiting area, large nurses station, and records area for patient flow and staff support; Five bathrooms plus additional provider office space upstairs
