Building Details

Year Built 2007

Listing Agency: Cushman & Wakefield - Nashville, Tennessee

Listed By: Phil Fletcher · License #373909

Source: Crexi

Added: Jul 28 Changed: Oct 10 Last Checked: Oct 12 at 8:39PM

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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 Cushman & Wakefield - Nashville, Tennessee

Investment Insights

Based on property information with market context.

Freestanding medical center at 305 River Drive in LaFollette, Tennessee, completed in 2007. The 5,688-square-foot facility includes a treatment bay measuring approximately 70' × 29', four exam rooms, four restrooms, a lobby, waiting area, and several storage rooms. Integrated sinks support the treatment area, while dialysis-grade water and plumbing infrastructure are installed throughout the facility.

The building also features a secured reception area with a check-in window and dedicated hazardous materials storage. Set on 0.57 acres, the property provides 25 parking spaces and offers a purpose-built configuration for healthcare operations.

Key Highlights

• 5,688‑square‑foot medical center completed in 2007
• Treatment bay measures approximately 70' × 29' with integrated sinks
• Dialysis‑grade water and plumbing infrastructure

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$75,252

Cap Rate

7.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,505,040 $1.5M

Cap Rate 7%

$1,075,029 $1.1M

Cap Rate 9%

$836,133 $836.1K

Market Conditions

NOI Build-Up for 5,688 SF

Gross rent

$119.4K $21.00/SF

− Vacancy

−$19.1K −$3.36/SF

EGI

$100.3K $17.64/SF

− OpEx

−$25.1K −$4.41/SF

NOI

$75.3K $13.23/SF

Area

Campbell County, 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%

$1,505,040

Cap Rate 7%

$1,075,029

Cap Rate 9%

$836,133

Alternative Uses

Best Use

Office B

$1.08M

$940.7K – $1.25M (±1% cap)

NOI $75,252 @ 7.0% cap · market cap 7.53%

Second Best

Healthcare Medical

$1.03M

$904.6K – $1.21M (±1% cap)

NOI $72,365 @ 7.0% cap · market cap 7.24%

Theoretical Best

Office A

$1.41M

$1.23M – $1.64M (±1% cap)

NOI $98,616 @ 7.0% cap · market cap 9.86%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Fresenius Kidney Care ... Medical Clinic

Suggested Use

Top Pick Dental Office Building Supply Real Estate Agency Restaurant Law Firm Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

346

Businesses Nearby

Explore this area Business Placement

Demographics for 37766, TN

18,011

Population

9,721

Households

1.9

Avg Household Size

44

Median Age

12%

College-Educated

82%

High-School Grad

137.3 sq mi

ZIP Area

131

Density / Sq Mi

$46,692

Median Household Income

$31,379

Median Earnings

$747

Median Rent

$160,500

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this medical centers located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical center - Freestanding healthcare facility with specialized plumbing, multiple exam rooms, secure reception, and dedicated storage areas.

Where is this medical center located?

The property is located at 305 River Drive La Follette, TN.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: 5,688‑square‑foot medical center completed in 2007; Treatment bay measures approximately 70' × 29' with integrated sinks; Dialysis‑grade water and plumbing infrastructure