Medical Office with Imaging
315 Gill Ave, Knoxville, TN 37917
For Sale
Contact for pricing
Clinical areas include exam rooms, imaging space, administrative offices, and patient reception.
Property Size7,927 SF
Price / SF$170.30
Days on Market8
Property Features for 315 Gill Ave
General Information
Standard status
Size
Property subtype
Additional Details
Condition
Property Use
Amenities
reception/waiting room
natural light
high ceilings
staff break room
storage
Building Details
Buildings
Listing Agency:
Greater Impact Realty Knoxville
(865) 800-3544
Listed By:
Lisa McNealy
(480) 544-7606
Source:
Moodyscre
Added: Nov 2
Changed: Nov 7
Last Checked: Nov 8 at 8:07AM
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 Greater Impact Realty Knoxville
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Investment Insights
Based on property information with market context.
Located at 315 Gill Ave in Knoxville, this 7,927-square-foot medical office property has a clinical layout with 8–10 exam rooms, each plumbed for a sink, plus 3 X-ray rooms and a dark room. The building also contains reception and waiting areas, administrative spaces, restrooms, a staff break room, and storage areas suitable for records and supplies.
The reception area features natural light and high ceilings. The property is near downtown Knoxville and major hospitals, with parking available for staff and patients.
The reception area features natural light and high ceilings. The property is near downtown Knoxville and major hospitals, with parking available for staff and patients.
Key Highlights
- 7,927 square feet of medical office space
- 8–10 exam rooms, each plumbed with a sink
- 3 X‑ray rooms and a dark room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,874
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,097,480
$2.1M
Cap Rate 7%
$1,498,200
$1.5M
Cap Rate 9%
$1,165,267
$1.2M
Market Conditions
NOI Build-Up for 7,927 SF
Gross rent
$166.5K $21.00/SF
− Vacancy
−$26.6K −$3.36/SF
EGI
$139.8K $17.64/SF
− OpEx
−$35.0K −$4.41/SF
NOI
$104.9K $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%
$2,097,480
Cap Rate 7%
$1,498,200
Cap Rate 9%
$1,165,267
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.75M
NOI $104,874 @ 7.0% cap · market cap 7.77%
Second Best
Healthcare Medical
$1.44M
$1.26M – $1.68M
NOI $100,850 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$1.96M
$1.72M – $2.29M
NOI $137,435 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,226
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- PetWellClinic - Randolph Street — 308 Randolph St, Knoxville, TN 37917
Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical areas include exam rooms, imaging space, administrative offices, and patient reception.
Where is this medical office space located?
The property is located at 315 Gill Ave Knoxville, TN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 7,927 square feet of medical office space; 8–10 exam rooms, each plumbed with a sink; 3 X‑ray rooms and a dark room
