Former Veterinary Office For
For Sale
$625,000
7426 Maynardville Pike, Knoxville, TN 37938
3,400 SF office building suitable for medical or office use.
Property Size3,400 SF
Days on Market280
Property Features for 7426 Maynardville Pike
General Information
Standard status
Active
Size
3,400 SF
Class
B
Property subtype
Office
Building Details
Building Size
3,400 SF
Year Built
1977
Listing Agency:
NAI Koella RM Moore - Knoxville
(865) 236-1610
Listed By:
Justin Sterling · License #305457
(865) 236-1610
Source:
Koellamoore
Added: Nov 21, 2025
Changed: Aug 26
Last Checked: Aug 26 at 6:49AM
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 NAI Koella RM Moore - Knoxville
Investment Insights
Based on property information with market context.
This former veterinary office is available for sale, offering an ideal setting for a growing medical or veterinary practice. The 3,400 SF building, built in 1977, includes a lobby area, three private examination rooms, a vet lab, and a spacious staff office. Ample storage is available, along with an area for pets. The property also features a parking lot. Situated on Maynardville Pike, the property benefits from high visibility and excellent traffic flow, enhanced by its prominent corner location near a signalized intersection. Located in Halls, a northern suburb of Knoxville, the property is positioned within a vibrant community experiencing rapid growth and a robust local economy. The area offers a diverse range of businesses, amenities, and excellent access to Knoxville. The property is zoned CA to accommodate various commercial uses. The interior layout is designed for medical or office operations and is well-equipped with modern amenities and infrastructure. The building dimensions are approximately 82 feet wide by 45 feet deep.
Key Highlights
- Prime location on Maynardville Pike with high visibility and excellent traffic flow in a rapidly growing area of Knoxville.
- Existing veterinary/medical office layout including lobby, three examination rooms, vet lab, and staff office.
- Ample parking space for employees and clients.
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
$44,982
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
7.20%
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%
$899,640
$899.6K
Cap Rate 7%
$642,600
$642.6K
Cap Rate 9%
$499,800
$499.8K
Market Conditions
NOI Build-Up for 3,400 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
$71.4K $21.00/SF
− Vacancy
−$11.4K −$3.36/SF
EGI
$60.0K $17.64/SF
− OpEx
−$15.0K −$4.41/SF
NOI
$45.0K $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 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%
$899,640
Cap Rate 7%
$642,600
Cap Rate 9%
$499,800
Alternative Uses
Best Use
Office B
$642.6K
$562.3K – $749.7K
NOI $44,982 @ 7.0% cap · market cap 7.20%
Second Best
Healthcare Medical
$617.9K
$540.7K – $720.9K
NOI $43,256 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$842.1K
$736.9K – $982.5K
NOI $58,948 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
335
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 37938, TN
18,207
Population
7,208
Households
2.5
Avg Household Size
43
Median Age
33%
College-Educated
93%
High-School Grad
32.4 sq mi
ZIP Area
562
Density / Sq Mi
$80,868
Median Household Income
$46,806
Median Earnings
$1,091
Median Rent
$287,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Halls Animal Hospital — 7126 Maynardville Pike, Knoxville, TN 37918
- Crossroads Animal Clinic: Randolph Patrick DVM — 7426 Maynardville Pike, Knoxville, TN 37938
- Jacqueline Sherrod DVM — 7426 Maynardville Pike, Knoxville, TN 37938
Frequently Asked Questions
What type of property is this?
Medical Office Space - 3,400 SF office building suitable for medical or office use.
Where is this medical office space located?
The property is located at 7426 Maynardville Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Prime location on Maynardville Pike with **high visibility and excellent traffic flow** in a rapidly growing area of Knoxville.; Existing veterinary/medical office layout including lobby, three examination rooms, vet lab, and staff office.; Ample parking space for employees and clients.
