Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Maryville Office Space For Lease Title is generated by Realmo AI

    2020-2036 E Lamar Alexander Pkwy, Maryville, TN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Multi-tenant office complex near Blount Memorial Hospital.

    Type:OFFICE
    Property size:
    1,275 SF
    Lot size:
    8.71 Acres
    Added:
    Jul 1, 2022
    Days on Market:
    1423
    Last Refresh:
    Apr 5 at 8:29 pm

    Property Features for 2020-2036 E Lamar Alexander Pkwy

    General Information

    Standard status
    Active
    Size
    1,275 SF
    Lot size
    8.71 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 2020-2036 E Lamar Alexander Pkwy Contact us

    We can help!

    Listing Contact
    George Brown
    George Brown

    Listing agent George Brown

    Listing office SVN I Wood Properties

    Listing date Jul 1, 2022

    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 SVN I Wood Properties

    HighLights

    • Multi‑tenant office complex totaling 31,027 sqft.
    • Located approximately one mile from Blount Memorial Hospital.
    • High visibility from E Lamar Alexander Parkway.
    • Easily accessible location.
    • Close proximity to Alcoa Hwy, McGhee Tyson Airport, and Pellissippi Parkway.
    • Located just outside of downtown Maryville.

    Overview

    Chilhowee Medical Park is a multi-tenant office complex totaling 31,027 square feet. The complex is located just outside of downtown Maryville, approximately one mile from Blount Memorial Hospital. It offers convenient access to Alcoa Hwy, McGhee Tyson Airport, and Pellissippi Parkway, all of which are just minutes away. The property benefits from high visibility on E Lamar Alexander Parkway and is easily accessible. Available spaces include office properties and spaces, medical offices, and general office space. One available space offers 1,275 square feet for lease at a rate of $23 per square foot.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Skin Care Clinic Accounting Firm

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

    Similar Places Nearby

    • Big Springs Veterinary Hospital — 820 Ross Dr, Maryville, TN 37801

    Location Insight

    • Map
    • Local Demand
    City
    Maryville
    County
    Blount
    State
    Tennessee
    Longitude
    -84.029
    Latitude
    35.7559

    Nearby Similar for Lease

    • $21 SF/Yr
      1,275 SF

      Medical Office Shell Space

      Shell space in multi-tenant medical office complex for rent.
      2020 E Lamar Alexander Parkway, Maryville, TN 37802
      View Details
    • $21 SF/Yr
      31,027 SF

      Medical Office Space For Rent

      Shell space in established medical park, customizable build-out options.
      2020 E Lamar Alexander Parkway, Maryville, TN 37802
      View Details
    • $20 SF/Yr
      448,050 SF

      Premier Shopping Destination in Maryville

      Foothills Mall: Retail, dining, and entertainment destination.
      197 Foothills Mall Drive, Maryville, TN 37801
      View Details
    • $5,000/Mo

      Flex Space with Warehouse Component

      Office and warehouse space with renovation and expansion potential.
      116 Tennessee St, Maryville, TN 37804
      View Details
    • $5,000/Mo

      Office/Flex Space with Warehouse

      Versatile space with office, warehouse, and expansion potential.
      116 Tennessee St, Maryville, TN 37804
      View Details
    • $2,500/Mo
      1,008 SF

      Renovated Office Space with Parking

      Move-in ready office with hardwood floors and convenient parking.
      904 West Lamar Alexander Parkway, Maryville, TN 37801
      View Details
    • $495/Mo
      3,240 SF

      Executive Office Suite For Lease

      Class A executive office suite available for lease in Maryville.
      118 Parliament Drive, Maryville, TN 37804-6209
      View Details
    • $20 SF/Yr
      3,000 SF

      Versatile Flex Space Available

      Flex space with office and warehouse components for lease.
      116 Tennessee St, Maryville, TN
      View Details
    • $4,400/Mo
      3,785 SF

      Maryville Office Space For Rent

      Professional office space in a convenient, desirable Maryville location.
      503 Lamar St, Maryville, TN
      View Details
    • $24 SF/Yr
      2,750 SF

      Renovated Historic Office Building

      Renovated office building in Maryville with storage space.
      908 W Broadway Ave, Maryville, TN
      View Details
    • $20 SF/Yr

      Premier Shopping Destination in Maryville

      Retail spaces available in Foothills Mall, Maryville, Tennessee.
      197 Foothills Mall Drive, Maryville, TN 37801
      View Details
    • $16 SF/Yr
      4,680 SF

      Class A Office Space

      Historic downtown Maryville office space for lease.
      203 S Cusick, Maryville, TN
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Multi-tenant office complex near Blount Memorial Hospital.
    Where is this medical office space located?
    The property is located at 2020-2036 E Lamar Alexander Pkwy Maryville, TN.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Multi‑tenant office complex totaling 31,027 sqft.; Located approximately one mile from Blount Memorial Hospital.; High visibility from E Lamar Alexander Parkway.
    (865) 804-1188 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing George Brown
    George Brown
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2020-2036 E Lamar Alexander Pkwy, Maryville, TN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!