Office-Flex Redevelopment
3429 Regal Dr Alcoa, TN 37701
3429 Regal Dr, Alcoa, TN, 37701
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For Sale
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Large office with main and lower levels, featuring private offices, conference and training rooms, plus an 8' x 20' rollup door.
Property Size56,604 SF
Price / SF$105
Days on Market142
Property Features for 3429 Regal Dr
General Information
- Standard status
- Active
- Size
- 56,604 SF
- Property subtype
- OFFICE
Listing agency
SVN I Wood Properties
(865) 309-6272
Listed by
Matthew Strother · License #369177
(865) 309-6272
Source
Moodyscre
Added: Mar 2 Updated: Jul 22 at 2:25PM Checked: Jul 22 at 2:25PM
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 I Wood Properties
Investment Insights
Based on property information with market context.
This 56,604 SF office or flex redevelopment property includes approximately 35,000 SF on the main level and 21,000 SF on the lower level. The office layout provides 22 private offices, an executive conference room, two training rooms, and two break rooms. Additional amenities include a fitness center, an elevator, and a backup generator. The building also features an 8' x 20' rollup door, supporting flexible office or light industrial concepts.
The property is located at 3429 Regal Drive in Alcoa, Tennessee, with access to Knoxville and Maryville. It is described as being within 1 mile of McGhee Tyson Airport.
With substantial on-site parking for up to 205 vehicles, this facility is well-suited for users or redevelopment plans seeking a combination office and flex/light industrial configuration.
The property is located at 3429 Regal Drive in Alcoa, Tennessee, with access to Knoxville and Maryville. It is described as being within 1 mile of McGhee Tyson Airport.
With substantial on-site parking for up to 205 vehicles, this facility is well-suited for users or redevelopment plans seeking a combination office and flex/light industrial configuration.
Key Highlights
- 56,604 SF office or flex redevelopment property at 3429 Regal Drive, Alcoa, TN
- 35,000 SF main level plus 21,000 SF lower level
- Office layout includes 22 private offices, executive conference room, and two training rooms
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $794.7k | $14.04 |
| − Vacancy | −$47.7k | −$0.84 |
| EGI | $747.0k | $13.20 |
| − OpEx | −$261.5k | −$4.62 |
| NOI | $485.6k | $8.58 |
56,604 SF · lease $14.04/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$14.56M
$12.74M – $16.98M
NOI $1,018,872 @ 7.0% cap · market cap 16.98%
Second Best
Flex RnD
$6.94M
$6.07M – $8.09M
NOI $485,574 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$22.79M
$19.94M – $26.59M
NOI $1,595,200 @ 7.0% cap · market cap 26.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Team Health
Medical Billing Service
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FAQs
What type of property is this?
Office building - Large office with main and lower levels, featuring private offices, conference and training rooms, plus an 8' x 20' rollup door.
Where is this office building located?
The property is located at 3429 Regal Dr Alcoa, TN.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: 56,604 SF office or flex redevelopment property at 3429 Regal Drive, Alcoa, TN; 35,000 SF main level plus 21,000 SF lower level; Office layout includes 22 private offices, executive conference room, and two training rooms
