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Multi-Level Office Units
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1804 Wallace Dr, Knoxville, TN 37920

Flexible configuration supports separate occupants with private offices, reception areas, and dedicated HVAC.

Space Size3,852 SF
Days on Market54

Property Features for 1804 Wallace Dr

General Information

Standard status Active
Size 3,852 SF
Net Rentable 1,536 SF
Property subtype OFFICE
Lease Type NNN

Space & Availability

Available Space 1,536-3,853 SF
Contiguous Space 2,317 SF
Divisible Yes
Space Use Office
Private Offices 9

Spaces For Lease

at 1804 Wallace Dr
Parson's House $18 – $24/SF/Yr
Size 3,852 SF
Type OFFICE
Lease Type NNN
Availability AVAILABLE
Sublease No
Professional office space available for lease at 1804 Wallace Drive in South Knoxville. The property offers a flexible layout that can accommodate one business or separate occupants. The main and upper levels total approximately 2,317 SF. The main level includes a reception area, three private rooms/offices, restroom, kitchen/break room, and dedicated HVAC. The upper level provides three additional private offices. The lower level contains approximately 1,536 SF with its own exterior entrance, reception area, three rooms/offices, restroom, and dedicated HVAC. This level can be leased separately from the main and upper floors. The configuration is well suited for professional office, administrative, consulting, financial, insurance, real estate, wellness, or other service-oriented businesses seeking private offices and client reception space.
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Listing Agency: Bold Horizons Commercial Realty
Listed By: Chiara Petro
Source: Moodyscre
Added: Aug 24 Changed: Oct 4 Last Checked: Oct 14 at 11:35PM

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 Bold Horizons Commercial Realty

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Investment Insights

Based on property information with market context.

This multi-level office property provides a combination of private workrooms, reception areas, restrooms, kitchen or break-room space, and dedicated HVAC. The main and upper floors comprise approximately 2,317 SF, with a reception area, three private offices or rooms, a restroom, kitchen or break-room area, and three additional offices upstairs.

The lower level adds approximately 1,536 SF and has a separate exterior entrance, reception area, three rooms or offices, restroom, and dedicated HVAC. It may be leased independently from the main and upper floors. The layout supports professional office, administrative, consulting, financial, insurance, real estate, wellness, and other service-oriented operations.

Key Highlights

  • Approximately 2,317 SF across the main and upper levels
  • Approximately 1,536 SF on the lower level
  • Lower level has its own exterior entrance and may be leased separately

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Law Firm Restaurant Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

92
Businesses Nearby

Demographics for 37920, TN

41,210
Population
20,180
Households
2
Avg Household Size
37
Median Age
34%
College-Educated
91%
High-School Grad
72.3 sq mi
ZIP Area
570
Density / Sq Mi
$61,348
Median Household Income
$35,591
Median Earnings
$1,092
Median Rent
$231,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Knoxville, TN

$20.4 /SF/Yr
Avg Asking Price
$11.5–$30 /SF/Yr
Price Range
5,113 SF
Avg Space Size

This space is priced 12% below the average of $20.4 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office units - Flexible configuration supports separate occupants with private offices, reception areas, and dedicated HVAC.
Where is this office units located?
The property is located at 1804 Wallace Dr Knoxville, TN.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Approximately 2,317 SF across the main and upper levels; Approximately 1,536 SF on the lower level; Lower level has its own exterior entrance and may be leased separately
(865) 388-1311 Call to check price and availability
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