Single-Tenant Office
For Sale
Contact for pricing
5201 Schubert Rd, Knoxville, TN 37912
Professional interior with lobby, service counters, private offices, and on-site parking.
Property Size3,470 SF
Lot Size0.78 Acres
Price / SF$342.94
Days on Market55
Property Features for 5201 Schubert Rd
General Information
Standard status
Active
Size
3,470 SF
Lot size
0.78 Acres
Property subtype
OFFICE
Additional Details
Office Units
1
Building Details
Year Built
1992
Buildings
1
Building Size
3,470 SF
Tenancy
Single
Listing Agency:
Cappiello Real Estate Company
(865) 482-1214
Listed By:
Alston Gage · License #TN 370369
(615) 293-1349
Source:
Moodyscre
Added: Jul 22
Changed: Aug 15
Last Checked: Sep 14 at 12:13PM
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 Cappiello Real Estate Company
Investment Insights
Based on property information with market context.
This 3,470 SF office building was built in 1992 and occupies 0.78+ acres on Schubert Road. Previously occupied by a credit union, the single-tenant property includes an open lobby, teller/service counters, private offices, polished durable flooring, updated lighting, professional finishes, and natural light throughout the main areas.
The property offers generous on-site parking and is positioned in a well-established North Knoxville neighborhood with access from Schubert Road. It is expected to be vacant and available for occupancy after the third quarter of 2026.
The property offers generous on-site parking and is positioned in a well-established North Knoxville neighborhood with access from Schubert Road. It is expected to be vacant and available for occupancy after the third quarter of 2026.
Key Highlights
- 3,470 SF financial/office building built in 1992
- 0.78+ acres with generous on‑site parking
- Previously occupied by a credit union
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
$58,158
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
4.89%
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%
$1,163,160
$1.2M
Cap Rate 7%
$830,829
$830.8K
Cap Rate 9%
$646,200
$646.2K
Market Conditions
NOI Build-Up for 3,470 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
$81.2K $23.40/SF
− Vacancy
−$3.7K −$1.05/SF
EGI
$77.5K $22.35/SF
− OpEx
−$19.4K −$5.59/SF
NOI
$58.2K $16.76/SF
Area
Knoxville, TN
Vacancy
4.50%
Lease Rate
$23.40 /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%
$1,163,160
Cap Rate 7%
$830,829
Cap Rate 9%
$646,200
Alternative Uses
Best Use
Specialty Retail
$830.8K
$727.0K – $969.3K
NOI $58,158 @ 7.0% cap · market cap 4.89%
Second Best
Retail
$712.0K
$623.0K – $830.7K
NOI $49,843 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$859.4K
$752.0K – $1.00M
NOI $60,161 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
709
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
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Professional interior with lobby, service counters, private offices, and on-site parking.
Where is this office building located?
The property is located at 5201 Schubert Rd Knoxville, TN.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: 3,470 SF financial/office building built in 1992; 0.78+ acres with generous on‑site parking; Previously occupied by a credit union
