Move-In-Ready Medical Office
For Sale
Contact for pricing
326 Partnership Parkway, Maryville, TN 37801
Single-story office built in 2014 with private offices, conference space, and ample parking on a Business & Transportation-zoned site.
Property Size5,164 SF
Lot Size4.00 Acres
Price / SF$290.47
Days on Market50
Property Features for 326 Partnership Parkway
General Information
Standard status
Active
Size
5,164 SF
Class
A
Total Parking Spaces
27
Lot size
4.00 Acres
Property subtype
Office
Zoning
BT
Building Details
Year Built
2014
Year Renovated
2021
Buildings
1
Stories
1
Listing Agency:
SVN Wood Properties
Listed By:
Taylor Thompson · License #377968
Source:
Crexi
Added: Jul 1
Changed: Aug 14
Last Checked: Aug 18 at 4:59PM
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 SVN Wood Properties
Investment Insights
Based on property information with market context.
326 Partnership Parkway is a well-maintained, move-in-ready single-story office building constructed in 2014. The 5,164 SF layout includes private offices, open work areas, a conference room, reception, and a breakroom, supporting a professional day-to-day workflow. The property is supported by ample parking and offers immediate functionality for an owner-user looking to establish a corporate presence.
The building sits on a 4.0-acre site with approximately 2.0 acres of excess land. The property is positioned for strong visibility and curb appeal, and it includes 27 parking spaces for tenant and visitor access. The site is zoned Business & Transportation (BT), which can support a range of office, professional, medical, and commercial uses.
This property is a practical fit for medical and professional service providers, as well as companies seeking a turn-key office environment with defined spaces for reception, meeting, and individual work. The combination of an operational office layout, straightforward parking capacity, and additional on-site land may also appeal to buyers looking for flexibility for future expansion or added development opportunities within the existing zoning parameters.
The building sits on a 4.0-acre site with approximately 2.0 acres of excess land. The property is positioned for strong visibility and curb appeal, and it includes 27 parking spaces for tenant and visitor access. The site is zoned Business & Transportation (BT), which can support a range of office, professional, medical, and commercial uses.
This property is a practical fit for medical and professional service providers, as well as companies seeking a turn-key office environment with defined spaces for reception, meeting, and individual work. The combination of an operational office layout, straightforward parking capacity, and additional on-site land may also appeal to buyers looking for flexibility for future expansion or added development opportunities within the existing zoning parameters.
Key Highlights
- 5,164 SF single‑story office building built in 2014 with private offices, open work areas, conference space, reception, and a breakroom
- Located on a 4.0‑acre site with approximately 2.0 acres of excess land for future expansion or additional development
- 27 parking spaces available on‑site
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
$92,952
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
6.20%
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%
$1,859,040
$1.9M
Cap Rate 7%
$1,327,886
$1.3M
Cap Rate 9%
$1,032,800
$1.0M
Market Conditions
NOI Build-Up for 5,164 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
$154.9K $30.00/SF
− Vacancy
−$31.0K −$6.00/SF
EGI
$123.9K $24.00/SF
− OpEx
−$31.0K −$6.00/SF
NOI
$93.0K $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 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%
$1,859,040
Cap Rate 7%
$1,327,886
Cap Rate 9%
$1,032,800
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,952 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,531 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 37801, TN
28,822
Population
12,254
Households
2.4
Avg Household Size
42
Median Age
25%
College-Educated
89%
High-School Grad
69.4 sq mi
ZIP Area
415
Density / Sq Mi
$70,814
Median Household Income
$45,296
Median Earnings
$1,061
Median Rent
$268,700
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 - Single-story office built in 2014 with private offices, conference space, and ample parking on a Business & Transportation-zoned site.
Where is this office building located?
The property is located at 326 Partnership Parkway Maryville, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 5,164 SF single‑story office building built in 2014 with private offices, open work areas, conference space, reception, and a breakroom; Located on a 4.0‑acre site with approximately 2.0 acres of excess land for future expansion or additional development; 27 parking spaces available on‑site
