Former Animal Clinic on
For Sale
$635,000
9229 Middlebrook Pike, Knoxville, TN 37931
Corner lot property, previously an animal clinic, for sale.
Property Size2,000 SF
Lot Size0.57 Acres
Price / SF$319.58
Days on Market158
Property Features for 9229 Middlebrook Pike
General Information
Standard status
Active
Size
2,000 SF
Class
C
Lot size
0.57 Acres
Property subtype
Office
Building Details
Building Size
2,000 SF
Year Built
1975
Listing Agency:
NAI Koella RM Moore - Knoxville
Listed By:
Sam Tate, CCIM · License #TN #207699
(865) 806-6517
Source:
Koellamoore
Added: May 8
Changed: Oct 2
Last Checked: Oct 11 at 3:43AM
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.
The property, formerly the Middlebrook Animal Clinic, is situated on a corner lot. The main level encompasses 1987 square feet, while the partially finished lower level provides an additional 1144 square feet. There are 15 parking spaces available. The lot spans 0.57 acres and is zoned CA (Knox County). The yard is partially fenced. The property is located across Middlebrook Pike from Dollar General Markets.
Key Highlights
- High‑visibility corner lot location on Middlebrook Pike.
- Zoned CA (Knox County) offering commercial development potential.
- 1987 SF main level with additional 1,144 SF partially finished lower level.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,288
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,760
$525.8K
Cap Rate 7%
$375,543
$375.5K
Cap Rate 9%
$292,089
$292.1K
Market Conditions
NOI Build-Up for 1,987 SF
Gross rent
$41.7K $21.00/SF
− Vacancy
−$6.7K −$3.36/SF
EGI
$35.1K $17.64/SF
− OpEx
−$8.8K −$4.41/SF
NOI
$26.3K $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%
$525,760
Cap Rate 7%
$375,543
Cap Rate 9%
$292,089
Alternative Uses
Best Use
Office B
$375.5K
$328.6K – $438.1K
NOI $26,288 @ 7.0% cap · market cap 4.14%
Second Best
Healthcare Medical
$361.1K
$316.0K – $421.3K
NOI $25,279 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$492.1K
$430.6K – $574.2K
NOI $34,450 @ 7.0% cap · market cap 5.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37931, TN
31,358
Population
12,770
Households
2.5
Avg Household Size
38
Median Age
45%
College-Educated
94%
High-School Grad
28.4 sq mi
ZIP Area
1,104
Density / Sq Mi
$91,284
Median Household Income
$52,207
Median Earnings
$1,450
Median Rent
$317,100
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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Similar Off Market Nearby
- Cedar Bluff Animal Clinic — 9049 Middlebrook Pike, Knoxville, TN 37923
Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner lot property, previously an animal clinic, for sale.
Where is this medical office space located?
The property is located at 9229 Middlebrook Pike Knoxville, TN.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: High‑visibility corner lot location on Middlebrook Pike.; Zoned CA (Knox County) offering commercial development potential.; 1987 SF main level with additional 1,144 SF partially finished lower level.
