Medical Office with Parkway
2216 E Lamar Alexander Parkway, Maryville, TN 37804
For Sale
New
$450,000
Commercial Sale, Maryville, TN
Property Size2,112 SF
Lot Size0.35 Acres
Price / SF$213.07
Days on Market2
Property Features for 2216 E Lamar Alexander Parkway
General Information
Property type
Property subtype
Zoning description
Bathrooms
Full bathrooms
Rooms
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Auction Management Corporation
(770) 980-9565
Listed By:
Julian Howell
Added: Nov 11
Last Checked: Nov 12 at 6:06AM
MLS# 12064320
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 2,112+/- SF medical office building was constructed in 1977 and has a rectangular footprint, wood and stucco exterior, composition-shingle roof, slab-on-grade foundation, and split-system HVAC. A 256+/- SF canopy covers the entry. The 0.35+/- acre site includes approximately 5,900+/- SF of asphalt paving for parking and drives, along with public water, sewer, natural gas, and electric service. The property is in the City of Maryville’s Business and Transportation Zoning District with Parkway District Overlay. Potential reuse includes veterinary, medical, dental, therapy, professional office, or service retail, subject to zoning.
Frontage and direct access are provided from US-321, also known as Lamar Alexander Parkway. The property is across from Trinity Medical Associates and near Blount Memorial’s Transitional Care Center, on the route toward Townsend and the Great Smoky Mountains. Downtown Maryville, Alcoa, and a Walmart development are also identified nearby.
Frontage and direct access are provided from US-321, also known as Lamar Alexander Parkway. The property is across from Trinity Medical Associates and near Blount Memorial’s Transitional Care Center, on the route toward Townsend and the Great Smoky Mountains. Downtown Maryville, Alcoa, and a Walmart development are also identified nearby.
Key Highlights
- 2,112+/- SF medical office building on 0.35+/- acre
- Frontage and direct access on US‑321 (Lamar Alexander Parkway)
- 256+/- SF entry canopy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,016
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,320
$760.3K
Cap Rate 7%
$543,086
$543.1K
Cap Rate 9%
$422,400
$422.4K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$63.4K $30.00/SF
− Vacancy
−$12.7K −$6.00/SF
EGI
$50.7K $24.00/SF
− OpEx
−$12.7K −$6.00/SF
NOI
$38.0K $18.00/SF
Area
Blount County, TN
Vacancy
20.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$760,320
Cap Rate 7%
$543,086
Cap Rate 9%
$422,400
Alternative Uses
Best Use
Office B
$543.1K
$475.2K – $633.6K
NOI $38,016 @ 7.0% cap · market cap 8.45%
Second Best
Healthcare Medical
$340.2K
$297.7K – $397.0K
NOI $23,817 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$850.3K
$744.0K – $992.0K
NOI $59,520 @ 7.0% cap · market cap 13.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 37804, TN
27,075
Population
10,569
Households
2.6
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
34.9 sq mi
ZIP Area
776
Density / Sq Mi
$75,794
Median Household Income
$37,879
Median Earnings
$1,155
Median Rent
$224,400
Median Home Value
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- Mountain Highway Veterinary Hospital — 2216 E Lamar Alexander Pkwy, Maryville, TN 37804
- Southwind Animal Hospital — 2726 E Lamar Alexander Pkwy, Maryville, TN 37804
Frequently Asked Questions
What type of property is this?
Medical Office Space - The existing layout and utility connections support medical, professional office, or service retail use, subject to zoning.
Where is this medical office space located?
The property is located at 2216 E Lamar Alexander Parkway Maryville, TN.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,112+/- SF medical office building on 0.35+/- acre; Frontage and direct access on US‑321 (Lamar Alexander Parkway); 256+/- SF entry canopy
