Medical Office
For Sale
Contact for pricing
5300 Clinton Plaza Drive, Knoxville, TN 37912
Well-maintained medical and office property currently positioned as a long-established pediatric location.
Property Size2,820 SF
Price / SF$265.96
Days on Market125
Property Features for 5300 Clinton Plaza Drive
General Information
Standard status
Active
Size
2,820 SF
Property subtype
Retail, Office, Business for Sale
Building Details
Year Built
1991
Listing Agency:
United Real Estate Solutions
Listed By:
Mark Hunter · License #375958
(865) 724-8106
Source:
Crexi
Added: May 6
Changed: Jul 23
Last Checked: Sep 7 at 8:22AM
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 United Real Estate Solutions
Investment Insights
Based on property information with market context.
This well-maintained medical office center is configured to support professional practice and healthcare use. The property is described as a long-established pediatric location with strong community recognition, and it is being offered as a continued pediatric use option following the retirement of a physician after decades of operation.
The asset is located at 5300 Clinton Plaza Drive in Knoxville, Tennessee. It is presented as an exceptional Knoxville medical/office opportunity for buyers seeking a healthcare-oriented facility.
Offered for sale, the property’s existing medical/office setup and established pediatric use make it well suited for continued healthcare operations that align with the current use.
The asset is located at 5300 Clinton Plaza Drive in Knoxville, Tennessee. It is presented as an exceptional Knoxville medical/office opportunity for buyers seeking a healthcare-oriented facility.
Offered for sale, the property’s existing medical/office setup and established pediatric use make it well suited for continued healthcare operations that align with the current use.
Key Highlights
- Built in 1991
- Well‑maintained medical/office property currently positioned for pediatric use
- Long‑established pediatric location with strong community recognition
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
$37,309
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
4.97%
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%
$746,180
$746.2K
Cap Rate 7%
$532,986
$533.0K
Cap Rate 9%
$414,544
$414.5K
Market Conditions
NOI Build-Up for 2,820 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
$59.2K $21.00/SF
− Vacancy
−$9.5K −$3.36/SF
EGI
$49.7K $17.64/SF
− OpEx
−$12.4K −$4.41/SF
NOI
$37.3K $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 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%
$746,180
Cap Rate 7%
$532,986
Cap Rate 9%
$414,544
Alternative Uses
Best Use
Office B
$533.0K
$466.4K – $621.8K
NOI $37,309 @ 7.0% cap · market cap 4.97%
Second Best
Healthcare Medical
$512.5K
$448.5K – $598.0K
NOI $35,877 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$698.5K
$611.2K – $814.9K
NOI $48,892 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical center - Well-maintained medical and office property currently positioned as a long-established pediatric location.
Where is this medical center located?
The property is located at 5300 Clinton Plaza Drive Knoxville, TN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Built in 1991; Well‑maintained medical/office property currently positioned for pediatric use; Long‑established pediatric location with strong community recognition
