Remodeled Office
For Sale
Contact for pricing
2723-2727 Asbury Road, Knoxville, TN 37914
Office accommodations have undergone recent remodeling.
Property Size8,800 SF
Days on Market145
Property Features for 2723-2727 Asbury Road
General Information
Standard status
Active
Size
8,800 SF
Class
B
Property subtype
Office
Lease Term
NNN
Building Details
Building Size
8,800 SF
Properties For Sale
at 2723-2727 Asbury Road Contact us2723
Size
2,362 SF
Type
Office Building
Term
60 months
2727 Asbury Rd
Size
5,771 SF
Type
Office Building
Term
60 months
5266 N National Dr
Size
8,712 SF
Term
Negotiable
Listing Agency:
NAI Koella RM Moore - Knoxville
Listed By:
Sam Tate, CCIM · License #TN #207699
(865) 806-6517
Source:
Koellamoore
Added: Jun 2
Changed: Oct 23
Last Checked: Oct 23 at 5:14AM
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 NAI Koella RM Moore - Knoxville
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Investment Insights
Based on property information with market context.
Office units at 2727 Asbury Road in Knoxville, Tennessee have been newly remodeled. The property is offered for sale and is configured for office use.
Key Highlights
- Newly remodeled office units
- Office property at 2727 Asbury Road, Knoxville, TN 37914
- Offered for sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,424
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,328,480
$2.3M
Cap Rate 7%
$1,663,200
$1.7M
Cap Rate 9%
$1,293,600
$1.3M
Market Conditions
NOI Build-Up for 8,800 SF
Gross rent
$184.8K $21.00/SF
− Vacancy
−$29.6K −$3.36/SF
EGI
$155.2K $17.64/SF
− OpEx
−$38.8K −$4.41/SF
NOI
$116.4K $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 Rate 5%
$2,328,480
Cap Rate 7%
$1,663,200
Cap Rate 9%
$1,293,600
Alternative Uses
Best Use
Office B
$1.66M
$1.46M – $1.94M
NOI $116,424 @ 7.0% cap · market cap 739,200.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,571 @ 7.0% cap · market cap 968,704.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
Explore this area
Business Placement
Demographics for 37914, TN
20,587
Population
9,861
Households
2.1
Avg Household Size
43
Median Age
24%
College-Educated
89%
High-School Grad
39.7 sq mi
ZIP Area
519
Density / Sq Mi
$55,933
Median Household Income
$36,321
Median Earnings
$988
Median Rent
$204,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office accommodations have undergone recent remodeling.
Where is this office unit located?
The property is located at 2723-2727 Asbury Road Knoxville, TN.
What are key features of this property?
This property features: Newly remodeled office units; Office property at 2727 Asbury Road, Knoxville, TN 37914; Offered for sale
