Converted Historic Office
For Sale
$617,500
4105 Central Avenue Pike, Knoxville, TN 37912
Historic office building with original details, fireplace, and hardwood floors, plus a large on-site parking area.
Property Size2,400 SF
Price / SF$257.29
Days on Market239
Property Features for 4105 Central Avenue Pike
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Other
Additional Details
Highway Access
Yes
Amenities
fireplace
hardwood floors
wood moldings
unfinished basement
Building Details
Building Size
2,400 SF
Listing Agency:
Avison Young
Listed By:
Jack Coker
(865) 719-8604
Source:
Commercialcafe
Added: Mar 3
Changed: Oct 25
Last Checked: Oct 28 at 4:37AM
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 Avison Young
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
4105 Central Avenue Pike is a converted historic office property set within a 102-year-old home. The building retains original character elements including a fireplace, hardwood floors, and wood moldings, creating a warm, established office setting. An unfinished basement adds flexibility for storage and potential future build-out.
The property is described as conveniently located just off I-75 and I-640, with access to two major interstates. The site includes a large parcel and ample on-site parking.
With the unfinished basement and additional flexibility referenced for future expansion, the building offers an owner-occupant option in a distinctive, historically detailed office environment.
The property is described as conveniently located just off I-75 and I-640, with access to two major interstates. The site includes a large parcel and ample on-site parking.
With the unfinished basement and additional flexibility referenced for future expansion, the building offers an owner-occupant option in a distinctive, historically detailed office environment.
Key Highlights
- 2,400 SF office building on a large parcel, conveniently located just off I‑75 and I‑640
- Converted 102‑year‑old home retaining historic details including a fireplace, hardwood floors, and rich wood moldings
- Spacious unfinished basement for storage and potential additional build‑out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,752
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$635,040
$635.0K
Cap Rate 7%
$453,600
$453.6K
Cap Rate 9%
$352,800
$352.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$50.4K $21.00/SF
− Vacancy
−$8.1K −$3.36/SF
EGI
$42.3K $17.64/SF
− OpEx
−$10.6K −$4.41/SF
NOI
$31.8K $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%
$635,040
Cap Rate 7%
$453,600
Cap Rate 9%
$352,800
Alternative Uses
Best Use
Office B
$453.6K
$396.9K – $529.2K
NOI $31,752 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Explore this area
Business Placement
Demographics for 37912, TN
22,313
Population
10,916
Households
2
Avg Household Size
36
Median Age
23%
College-Educated
88%
High-School Grad
10.6 sq mi
ZIP Area
2,105
Density / Sq Mi
$44,754
Median Household Income
$30,859
Median Earnings
$1,050
Median Rent
$185,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Historic office building with original details, fireplace, and hardwood floors, plus a large on-site parking area.
Where is this office building located?
The property is located at 4105 Central Avenue Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $617,500.
What are key features of this property?
This property features: 2,400 SF office building on a large parcel, conveniently located just off I‑75 and I‑640; Converted 102‑year‑old home retaining historic details including a fireplace, hardwood floors, and rich wood moldings; Spacious unfinished basement for storage and potential additional build‑out
