Office Unit with
For Sale
$199,000
15279 Rankin Ave, Dunlap, TN 37327
Updated office space includes a full bathroom, full kitchen, refreshed flooring, newer paint, and an HVAC unit.
Property Size1,510 SF
Price / SF$131.79
Days on Market73
Property Features for 15279 Rankin Ave
General Information
Standard status
Active
Size
1,510 SF
Building Details
Year Built
1985
Listing Agency:
Century 21 Professional Group
Listed By:
Pamela Brown · License #281871
(423) 605-8026
Source:
Grayfoxrealty
Added: Aug 2
Changed: Oct 8
Last Checked: Oct 12 at 10:32PM
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 Century 21 Professional Group
Investment Insights
Based on property information with market context.
This 1,510-square-foot office unit at 15279 Rankin Ave includes a full kitchen and full bathroom. The interior has received newer paint and flooring, while the HVAC unit has also been updated. The property was built in 1985 and offers a practical office configuration with key building systems and amenities already in place.
Key Highlights
- 1,510 SF office unit
- Full kitchen included
- Full bathroom included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,327
Cap Rate
8.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,540
$346.5K
Cap Rate 7%
$247,529
$247.5K
Cap Rate 9%
$192,522
$192.5K
Market Conditions
NOI Build-Up for 1,510 SF
Gross rent
$27.2K $18.00/SF
− Vacancy
−$4.1K −$2.70/SF
EGI
$23.1K $15.30/SF
− OpEx
−$5.8K −$3.82/SF
NOI
$17.3K $11.48/SF
Area
Sequatchie County, TN
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,540
Cap Rate 7%
$247,529
Cap Rate 9%
$192,522
Alternative Uses
Best Use
Office B
$247.5K
$216.6K – $288.8K
NOI $17,327 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$333.5K
$291.8K – $389.1K
NOI $23,344 @ 7.0% cap · market cap 11.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
361
Businesses Nearby
Explore this area
Business Placement
Demographics for 37327, TN
12,412
Population
5,319
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
81%
High-School Grad
191.4 sq mi
ZIP Area
65
Density / Sq Mi
$51,862
Median Household Income
$28,990
Median Earnings
$843
Median Rent
$217,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Updated office space includes a full bathroom, full kitchen, refreshed flooring, newer paint, and an HVAC unit.
Where is this office units located?
The property is located at 15279 Rankin Ave Dunlap, TN.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,510 SF office unit; Full kitchen included; Full bathroom included
