Top-Floor Office Suite with
For Sale
Contact for pricing
Pending
550 W Main St, Knoxville, TN 37902
Top-floor, nine-story office condominium suite with multiple private offices, conference rooms, and an en-suite balcony.
Property Size9,632 SF
Days on Market311
Property Features for 550 W Main St
General Information
Standard status
Pending
Size
9,632 SF
Property subtype
OFFICE
Listing Agency:
Lawler-Wood, LLC
(865) 637-7777
Listed By:
Ben Petre
(865) 306-1070
Source:
Moodyscre
Added: Dec 22, 2025
Changed: Oct 25
Last Checked: Oct 28 at 9:45AM
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 Lawler-Wood, LLC
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Investment Insights
Based on property information with market context.
Completed in 1992, this Class A office condominium is located within a nine-story tower. Suite 901 sits on the top floor and features tasteful interior finishes with views on three sides. The suite is divided into two distinct sections, each accessible through a private entry off the main elevator lobby. The current build-out includes 15–16 private offices, conference and breakout spaces, a kitchen, copy/printing room, IT room, file storage, and a library. A private en-suite balcony on the rear overlooks the Tennessee River and South Waterfront.
Suite 901 also includes rights to +/-10 parking spaces in the attached parking garage. The space currently has an occupied portion and a majority of the suite is unoccupied; the owner occupies the northern-most section shown as the bullnose on the floor plan.
For a buyer seeking flexibility, the configuration supports both continued occupancy in the existing portion and future improvements or alterations across the broader suite as needed.
Suite 901 also includes rights to +/-10 parking spaces in the attached parking garage. The space currently has an occupied portion and a majority of the suite is unoccupied; the owner occupies the northern-most section shown as the bullnose on the floor plan.
For a buyer seeking flexibility, the configuration supports both continued occupancy in the existing portion and future improvements or alterations across the broader suite as needed.
Key Highlights
- Suite 901 is on the top floor of a nine‑story, completed‑in‑1992 Bank of America Center office tower
- Roughly 9,632 SF top‑floor suite with views on three sides: Downtown Knoxville, University of Tennessee/Neyland Stadium, and the Tennessee River/Smoky Mountains
- Suite includes two distinct sections with a private entry off the main elevator lobby, with 15–16 private offices plus multiple conference/breakout spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,431
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,548,620
$2.5M
Cap Rate 7%
$1,820,443
$1.8M
Cap Rate 9%
$1,415,900
$1.4M
Market Conditions
NOI Build-Up for 9,632 SF
Gross rent
$202.3K $21.00/SF
− Vacancy
−$32.4K −$3.36/SF
EGI
$169.9K $17.64/SF
− OpEx
−$42.5K −$4.41/SF
NOI
$127.4K $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%
$2,548,620
Cap Rate 7%
$1,820,443
Cap Rate 9%
$1,415,900
Alternative Uses
Best Use
Office B
$1.82M
$1.59M – $2.12M
NOI $127,431 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.39M
$2.09M – $2.78M
NOI $166,996 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,033
Businesses Nearby
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Business Placement
Demographics for 37902, TN
2,479
Population
1,908
Households
1.3
Avg Household Size
34
Median Age
55%
College-Educated
95%
High-School Grad
0.4 sq mi
ZIP Area
6,198
Density / Sq Mi
$56,397
Median Household Income
$50,471
Median Earnings
$1,322
Median Rent
$570,700
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Top-floor, nine-story office condominium suite with multiple private offices, conference rooms, and an en-suite balcony.
Where is this office unit located?
The property is located at 550 W Main St Knoxville, TN.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Suite 901 is on the top floor of a nine‑story, completed‑in‑1992 Bank of America Center office tower; Roughly 9,632 SF top‑floor suite with views on three sides: Downtown Knoxville, University of Tennessee/Neyland Stadium, and the Tennessee River/Smoky Mountains; Suite includes two distinct sections with a private entry off the main elevator lobby, with 15–16 private offices plus multiple conference/breakout spaces
