Single-Story Office
For Sale
$2,100,000
618 N Broadway, Knoxville, TN 37917
DK-E zoning accommodates office, retail, showroom, and creative studio uses.
Property Size6,198 SF
Price / SF$338.82
Days on Market13
Property Features for 618 N Broadway
General Information
Standard status
Active
Size
6,198 SF
Class
A
Property subtype
Office
Zoning
DK-E
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
open interiors
natural light
on-site parking
walkable access to restaurants, coffee shops, and neighborhood amenities
Building Details
Building Size
6,198 SF
Year Built
1920
Year Renovated
2005
Buildings
1
Stories
1
Construction
brick
Listing Agency:
SVN I Wood Properties
Listed By:
Taylor Thompson
(423) 440-9450
Source:
Svnwood
Added: Sep 28
Changed: Oct 10
Last Checked: Oct 9 at 6:11PM
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 6,198-square-foot office property is a single-story, brick building constructed in 1920 and updated in 2005. Open interior areas and natural light shape the space, with on-site surface parking. The DK-E zoning supports office, retail, showroom, and creative studio uses.
The property is in Knoxville’s Emory Place Historic District, north of Downtown. It sits along North Broadway, with access to I-40, the Old City, Market Square, and The University of Tennessee. Restaurants, coffee shops, and neighborhood businesses are within walking distance.
The property is in Knoxville’s Emory Place Historic District, north of Downtown. It sits along North Broadway, with access to I-40, the Old City, Market Square, and The University of Tennessee. Restaurants, coffee shops, and neighborhood businesses are within walking distance.
Key Highlights
- 6,198‑square‑foot building, constructed in 1920 and updated in 2005
- Single‑story brick structure with open interior areas and natural light
- DK‑E zoning supports office, retail, showroom, and creative studio uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,000
Cap Rate
3.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,640,000
$1.6M
Cap Rate 7%
$1,171,429
$1.2M
Cap Rate 9%
$911,111
$911.1K
Market Conditions
NOI Build-Up for 6,198 SF
Gross rent
$130.2K $21.00/SF
− Vacancy
−$20.8K −$3.36/SF
EGI
$109.3K $17.64/SF
− OpEx
−$27.3K −$4.41/SF
NOI
$82.0K $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%
$1,640,000
Cap Rate 7%
$1,171,429
Cap Rate 9%
$911,111
Alternative Uses
Best Use
Office B
$1.17M
$1.03M – $1.37M
NOI $82,000 @ 7.0% cap · market cap 3.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,458 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Explore this area
Business Placement
Demographics for 37917, TN
25,013
Population
14,216
Households
1.8
Avg Household Size
39
Median Age
31%
College-Educated
87%
High-School Grad
9.5 sq mi
ZIP Area
2,633
Density / Sq Mi
$51,232
Median Household Income
$37,853
Median Earnings
$1,063
Median Rent
$189,100
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 - DK-E zoning accommodates office, retail, showroom, and creative studio uses.
Where is this office building located?
The property is located at 618 N Broadway Knoxville, TN.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 6,198‑square‑foot building, constructed in 1920 and updated in 2005; Single‑story brick structure with open interior areas and natural light; DK‑E zoning supports office, retail, showroom, and creative studio uses
