Class A Office
For Sale
Contact for pricing
Pending
703 William Blount Dr, Maryville, TN 37801
Class A office building for sale in Maryville, Tennessee.
Property Size4,224 SF
Days on Market209
Property Features for 703 William Blount Dr
General Information
Standard status
Pending
Size
4,224 SF
Class
A
Property subtype
Office
Zoning
BC Commercial
Building Details
Year Built
2006
Stories
1
Listing Agency:
LeConte Realty LLC
(865) 983-0011
Listed By:
Daniel Monat · License #Tennessee
Source:
Crexi
Added: Jan 29
Changed: Aug 8
Last Checked: Jul 24 at 4:59PM
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 LeConte Realty LLC
Investment Insights
Based on property information with market context.
This Class A office building, located in close proximity to 411 South and Route 321 toward Lenoir City, is available for sale. The property features nine oversized, carpeted offices, each measuring 18' x 12'. Two halls with separate secured entrances allow for split business use. The layout includes a large conference room, a full kitchen, a reception desk with a large waiting area, and a storage room. There are two restrooms, one of which includes a shower. The property has 21 parking spaces, with room for additional spaces. The building is in excellent condition and has a total size of 4,224 square feet.
Key Highlights
- 21 Parking Spaces with room for expansion
- Convenient location near 411 South and Rte. 321
- 9 Oversized Carpeted Offices (18' x 12')
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
$76,032
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
7.80%
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%
$1,520,640
$1.5M
Cap Rate 7%
$1,086,171
$1.1M
Cap Rate 9%
$844,800
$844.8K
Market Conditions
NOI Build-Up for 4,224 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
$126.7K $30.00/SF
− Vacancy
−$25.3K −$6.00/SF
EGI
$101.4K $24.00/SF
− OpEx
−$25.3K −$6.00/SF
NOI
$76.0K $18.00/SF
Area
Blount County, TN
Vacancy
20.00%
Lease Rate
$30.00 /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%
$1,520,640
Cap Rate 7%
$1,086,171
Cap Rate 9%
$844,800
Alternative Uses
Best Use
Office B
$1.09M
$950.4K – $1.27M
NOI $76,032 @ 7.0% cap · market cap 7.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $119,040 @ 7.0% cap · market cap 12.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Explore this area
Business Placement
Demographics for 37801, TN
28,822
Population
12,254
Households
2.4
Avg Household Size
42
Median Age
25%
College-Educated
89%
High-School Grad
69.4 sq mi
ZIP Area
415
Density / Sq Mi
$70,814
Median Household Income
$45,296
Median Earnings
$1,061
Median Rent
$268,700
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?
Office building - Class A office building for sale in Maryville, Tennessee.
Where is this office building located?
The property is located at 703 William Blount Dr Maryville, TN.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 21 Parking Spaces with room for expansion; Convenient location near 411 South and Rte. 321; 9 Oversized Carpeted Offices (18' x 12')
