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    Historic Knoxville Office Condo For Sale Title is generated by Realmo AI

    16 Emory Pl, Knoxville, TN

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    Income-producing office condo in historic North Knoxville neighborhood.

    Type:OFFICE
    Property size:
    8,025 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $191/SF
    Added:
    Nov 1, 2025
    Days on Market:
    250
    Last Refresh:
    May 19 at 9:45 pm

    Property Features for 16 Emory Pl

    General Information

    Standard status
    Active
    Size
    8,025 SF
    Lot size
    0.10 Acres
    Property subtype
    OFFICE

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    Daniel Odle
    Daniel Odle

    Listing office Lawler-Wood, LLC

    Listing date Nov 1, 2025

    Source Moodyscre

    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 Lawler-Wood, LLC

    HighLights

    • Long‑term tenant in place with a new 10‑year lease starting April 1, 2026, providing stable income.
    • Fully renovated in 2017‑2018, including residential and office condominiums.
    • Located at the entrance of Knoxville's Historic North Knoxville and Emory Place neighborhoods.
    • Property is income producing.
    • Building constructed in the 1920s and built to last.
    • First and second floors are office condo units 100 and 200.

    Overview

    Located in Knoxville's Historic North Knoxville and Emory Place neighborhoods, this three-story property was originally built in the early 1920s. The building underwent a full renovation in 2017-2018 by the current owner. The renovation transformed the top floor into two residential condominiums, while the first and second floors were renovated into office condominiums. The renovation focused on showcasing the character and charm of the historic structure. The first and second floors, comprising Office Condo Units 100 and 200, are occupied by a long-term tenant that recently signed a new 10-year lease starting April 1, 2026. The property is income producing with a long-term stable tenant and contains 8,025 square feet.

    Local 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 $168.5k $21.00
    − Vacancy −$27.0k −$3.36
    EGI $141.6k $17.64
    − OpEx −$35.4k −$4.41
    NOI $106.2k $13.23
    8,025 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.52M
    $1.33M – $1.77M (±1% cap)
    NOI $106,171 @ 7.0% cap · market cap 6.92%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $1.99M
    $1.74M – $2.32M (±1% cap)
    NOI $139,134 @ 7.0% cap · market cap 9.06%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The IT Company Tech Support Center Vessul Creative Advertising Agency Netlearning High School Integ Law Firm Tinker CPAs Accounting Firm

    Suggested Use

    (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service Butcher Nursing Home Clothing & Fashion Store Mobile Phone Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9226
    Latitude
    35.9742

    FAQs

    What type of property is this?
    Office units - Income-producing office condo in historic North Knoxville neighborhood.
    Where is this office units located?
    The property is located at 16 Emory Pl Knoxville, TN.
    What is the asking price?
    The asking price for this property is $1,535,000.
    What are key features of this property?
    This property features: Long‑term tenant in place with a new 10‑year lease starting April 1, 2026, providing stable income.; Fully renovated in 2017‑2018, including residential and office condominiums.; Located at the entrance of Knoxville's Historic North Knoxville and Emory Place neighborhoods.
    (865) 776-4281 Call to check price and availability
    More about this property
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