Two-Story Office
For Sale
Contact for pricing
2710 N Central St, Knoxville, TN 37917
Industrial zoning and updated building systems support flexible commercial occupancy, subject to approved-use verification.
Property Size2,025 SF
Price / SF$190.12
Days on Market10
Property Features for 2710 N Central St
General Information
Standard status
Active
Size
2,025 SF
Property subtype
OFFICE
Building Details
Buildings
1
Stories
2
Building Size
2,025 SF
Listing Agency:
Slyman Real Estate-Commercial
(865) 321-0454
Listed By:
Katie Linkous
(865) 321-0454
Source:
Moodyscre
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 29 at 11:18AM
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 Slyman Real Estate-Commercial
Investment Insights
Based on property information with market context.
This two-level office property contains 2,025 square feet with hardwood flooring, 10-foot ceilings on each floor, and multiple fireplaces. Recent improvements include new central HVAC, a new roof, and new fencing, while the building retains period character. A large parking lot is located behind the building.
The property is at 2710 N Central St in Knoxville, across from Elst Brewing, Fanatic Brewing, and Steamboat Sandwiches. Local breweries, restaurants, and shops are described as being steps away, with downtown Knoxville minutes from the site.
The property is zoned industrial. Commercial, office, retail, creative studio, live-work, and residential uses are identified in the remarks, with the tenant or buyer responsible for confirming zoning compliance and occupancy requirements with Knox County and the City of Knoxville.
The property is at 2710 N Central St in Knoxville, across from Elst Brewing, Fanatic Brewing, and Steamboat Sandwiches. Local breweries, restaurants, and shops are described as being steps away, with downtown Knoxville minutes from the site.
The property is zoned industrial. Commercial, office, retail, creative studio, live-work, and residential uses are identified in the remarks, with the tenant or buyer responsible for confirming zoning compliance and occupancy requirements with Knox County and the City of Knoxville.
Key Highlights
- 2,025 square feet across two levels
- 10‑foot ceilings on both floors with hardwood flooring
- New central HVAC, roof, and fencing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,791
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,820
$535.8K
Cap Rate 7%
$382,729
$382.7K
Cap Rate 9%
$297,678
$297.7K
Market Conditions
NOI Build-Up for 2,025 SF
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.
Gross rent
$42.5K $21.00/SF
− Vacancy
−$6.8K −$3.36/SF
EGI
$35.7K $17.64/SF
− OpEx
−$8.9K −$4.41/SF
NOI
$26.8K $13.23/SF
Area
Knoxville, TN
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$535,820
Cap Rate 7%
$382,729
Cap Rate 9%
$297,678
Alternative Uses
Best Use
Office B
$382.7K
$334.9K – $446.5K
NOI $26,791 @ 7.0% cap · market cap 6.96%
Second Best
Mixed Use
$315.9K
$276.4K – $368.6K
NOI $22,113 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$501.6K
$438.9K – $585.2K
NOI $35,109 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
662
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Industrial zoning and updated building systems support flexible commercial occupancy, subject to approved-use verification.
Where is this office building located?
The property is located at 2710 N Central St Knoxville, TN.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: 2,025 square feet across two levels; 10‑foot ceilings on both floors with hardwood flooring; New central HVAC, roof, and fencing
