Multi-Tenant Office
For Sale
Contact for pricing
8874 Kingston Pike, Knoxville, TN 37923
Two-story professional property with four suites, surface parking, and direct exposure along Kingston Pike.
Property Size10,282 SF
Price / SF$218.83
Days on Market10
Property Features for 8874 Kingston Pike
General Information
Standard status
Active
Size
10,282 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
4
Building Details
Buildings
1
Stories
2
Building Size
10,282 SF
Tenancy
Multi
Listing Agency:
Cappiello Real Estate Company
(615) 293-1349
Listed By:
Alston Gage · License #TN 370369
(615) 293-1349
Source:
Moodyscre
Added: Jul 27
Changed: Aug 2
Last Checked: Aug 5 at 6:02AM
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 Cappiello Real Estate Company
Investment Insights
Based on property information with market context.
The 10,282-square-foot office property is arranged across two stories and includes four suites of approximately 2,100 SF each. The layout supports professional services, medical/office users, and general office occupancy, with two separate surface parking areas serving the building.
Positioned at the Kingston Pike and Peters Rd intersection in West Knoxville’s Cedar Bluff area, the property benefits from direct placement along a major commercial corridor. I-40 and I-75 are readily accessible, while the surrounding area includes retail, dining, banking, services, employment centers, and residential neighborhoods.
Positioned at the Kingston Pike and Peters Rd intersection in West Knoxville’s Cedar Bluff area, the property benefits from direct placement along a major commercial corridor. I-40 and I-75 are readily accessible, while the surrounding area includes retail, dining, banking, services, employment centers, and residential neighborhoods.
Key Highlights
- 10,282 SF office building arranged across two stories
- Four suites of approximately 2,100 SF each
- Two separate surface parking areas
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $215.9k | $21.00 |
| − Vacancy | −$34.5k | −$3.36 |
| EGI | $181.4k | $17.64 |
| − OpEx | −$45.3k | −$4.41 |
| NOI | $136.0k | $13.23 |
10,282 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.94M
$1.70M – $2.27M
NOI $136,031 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,265 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,644
Businesses Nearby
Explore this area
Business Placement
Demographics for 37923, TN
29,705
Population
14,238
Households
2.1
Avg Household Size
37
Median Age
47%
College-Educated
93%
High-School Grad
11.1 sq mi
ZIP Area
2,676
Density / Sq Mi
$70,046
Median Household Income
$42,498
Median Earnings
$1,303
Median Rent
$292,500
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 - Two-story professional property with four suites, surface parking, and direct exposure along Kingston Pike.
Where is this office building located?
The property is located at 8874 Kingston Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: 10,282 SF office building arranged across two stories; Four suites of approximately 2,100 SF each; Two separate surface parking areas
