NNN Property with Long-Term
205 West Oklahoma Avenue, Knoxville, TN 37917
For Sale
Contact for pricing
A 20-year triple-net lease begins at closing and includes scheduled annual increases.
Property Size28,032 SF
Lot Size1.78 Acres
Price / SF$165.52
Days on Market33
Property Features for 205 West Oklahoma Avenue
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Listing Agency:
SURMOUNT
Listed By:
Glen Kunofsky · License #NY 49KU1129178
(332) 345-4222
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 8 at 5:18PM
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 SURMOUNT
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises 28,032 rentable square feet on an approximately 1.78-acre parcel at 205 West Oklahoma Avenue in Knoxville, Tennessee. A 20-year triple-net lease is set to commence upon closing, with scheduled annual rent increases of 2.00%.
Key Highlights
- 28,032 rentable square feet of building space
- Approximately 1.78 acres
- 20‑year NNN lease begins upon close of escrow
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,140
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,762,800
$3.8M
Cap Rate 7%
$2,687,714
$2.7M
Cap Rate 9%
$2,090,444
$2.1M
Market Conditions
NOI Build-Up for 28,032 SF
Gross rent
$285.9K $10.20/SF
− Vacancy
−$17.2K −$0.61/SF
EGI
$268.8K $9.59/SF
− OpEx
−$80.6K −$2.88/SF
NOI
$188.1K $6.71/SF
Area
Knoxville, TN
Vacancy
6.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,762,800
Cap Rate 7%
$2,687,714
Cap Rate 9%
$2,090,444
Alternative Uses
Best Use
Industrial
$2.69M
$2.35M – $3.14M
NOI $188,140 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.94M
$6.08M – $8.10M
NOI $486,008 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 37917, TN
25,013
Population
14,216
Households
1.8
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
9.5 sq mi
ZIP Area
2,633
Density / Sq Mi
$51,232
Median Household Income
$37,853
Median Earnings
$1,063
Median Rent
$189,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
NNN property - A 20-year triple-net lease begins at closing and includes scheduled annual increases.
Where is this nnn property located?
The property is located at 205 West Oklahoma Avenue Knoxville, TN.
What is the asking price?
The asking price for this property is $4,639,779.
What are key features of this property?
This property features: 28,032 rentable square feet of building space; Approximately 1.78 acres; 20‑year NNN lease begins upon close of escrow
