Office Unit with Full
For Sale
$220,000
15279 Rankin Avenue, Dunlap, TN 37327
Commercial Sale, Dunlap, TN
Property Size1,510 SF
Price / SF$145.70
Days on Market47
Property Features for 15279 Rankin Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
in the heart of Dunlap across fron Sonic in Plaza
Subdivision
Sequatchie Co., TN
Standard status
Active
Size
1,510 SF
Taxes and HOA fees
Tax Annual Amount
0
Building Details
Year built
1985
Floors in Building
1
Building materials
Block, Brick, Vinyl Siding
Listing Agency:
Century 21 Professional Group
(423) 949-7653
Listed By:
Pam Brown · License #281871
(423) 605-8026
Added: Jul 7
Changed: Aug 20
Last Checked: Aug 22 at 5:06PM
MLS# 235301
Copyright © 2026 Upper Cumberland 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 office unit contains 1510 square feet of workspace with a full kitchen and full bathroom. Recent property updates include newer paint, flooring, and an HVAC unit, providing a refreshed interior for commercial use. The building was constructed in 1985 and incorporates block, brick, and vinyl siding construction.
Located at 15279 Rankin Avenue in Dunlap, Tennessee, the property is identified by ZIP Code 37327 and is situated in Sequatchie County. The combination of office space, built-in kitchen and bathroom facilities, and recent interior improvements supports a practical, ready-to-occupy configuration.
Located at 15279 Rankin Avenue in Dunlap, Tennessee, the property is identified by ZIP Code 37327 and is situated in Sequatchie County. The combination of office space, built-in kitchen and bathroom facilities, and recent interior improvements supports a practical, ready-to-occupy configuration.
Key Highlights
- 1510 square feet of office space
- Full kitchen and full bathroom included
- Newer paint, flooring, and HVAC unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,327
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 7.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$333.5K
$291.8K – $389.1K
NOI $23,344 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Updated workspace offering a full bathroom, kitchen, refreshed flooring, and HVAC improvements.
Where is this office units located?
The property is located at 15279 Rankin Avenue Dunlap, TN.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1510 square feet of office space; Full kitchen and full bathroom included; Newer paint, flooring, and HVAC unit
