Office Unit with
For Sale
$199,000
15279 Rankin Avenue, Dunlap, TN 37327
COMMERCIAL - Dunlap, TN
Property Size1,510 SF
Lot Size0.11 Acres
Price / SF$131.79
Days on Market335
Property Features for 15279 Rankin Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
Commercial
Appliances
Electric Range, Microwave, Refrigerator
Lot features
Level, Level
Elementary school
Griffith
Middle school
Sequatchie
High school
Sequatchie
Directions
In the heart of Dunlap across from Sonic in the Plaza
Standard status
Active
Size
1,510 SF
Lot size
0.11 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1985
Flooring type
Laminate
Building materials
Block, Brick Veneer
Roof type
Metal
Listing Agency:
Century 21 Professional Group · Century 21 Real Estate
(423) 949-7653
Listed By:
Pamela Brown · License #281871
(423) 605-8026
Added: Sep 22, 2025
Changed: Aug 4
Last Checked: Aug 22 at 6:06PM
MLS# 20254478
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 1,510-square-foot office unit includes a full kitchen and full bathroom, providing a practical configuration for commercial occupancy. Improvements include newer paint, laminate flooring, and an HVAC unit. The building was constructed in 1985 with block and brick veneer construction and a metal roof.
The property occupies 0.11 acres at 15279 Rankin Avenue in Dunlap, Tennessee. It carries Commercial zoning and is served by public water and public sewer. An electric range, microwave, and refrigerator are included.
The property occupies 0.11 acres at 15279 Rankin Avenue in Dunlap, Tennessee. It carries Commercial zoning and is served by public water and public sewer. An electric range, microwave, and refrigerator are included.
Key Highlights
- 1,510 SF office unit with full kitchen and full bathroom
- 0.11‑acre commercial property at 15279 Rankin Avenue
- Newer paint, HVAC unit, and laminate flooring
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
8.71%
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 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.
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 - Office unit with a full kitchen, full bath, newer flooring, paint, and HVAC.
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 $199,000.
What are key features of this property?
This property features: 1,510 SF office unit with full kitchen and full bathroom; 0.11‑acre commercial property at 15279 Rankin Avenue; Newer paint, HVAC unit, and laminate flooring
