3429 Regal DrAlcoa, TN 37701

Property Details for 3429 Regal Dr

Year built

1997

Construction

FRAME

Lot size

7.00 AC

Property size (Sq ft)

57,034 SF

Zone code

E

Property type

Office properties

Property subtype

Other office properties

APN

005017 08001 001

APU

501708001001

Description

This exceptional Alcoa, Tennessee property offers 56,604 square feet of versatile office and flex space, ideally situated at 3429 Regal Drive. The building, constructed in 1995, sits on eight acres of land and is zoned E. This Class B property features a single, two-story building with multiple tenants. The layout includes 35,000 square feet on the main level and 21,000 square feet on the lower level, with three spaces currently available for lease. The interior boasts 22 private offices, an executive conference room, two training rooms, two break rooms, and a fitness center. Amenities also include an elevator, a backup generator, and a substantial 325-space parking lot, easily accommodating up to 400 employees in a cubicle configuration. A unique feature is an 8' x 20' roll-up door, opening up possibilities for flex or light industrial redevelopment. The property's proximity to McGhee Tyson Airport (within one mile) provides convenient access to Knoxville and Maryville. For those interested in ownership, owner financing is available. The property's APN is 005017 08001 001.

• CAP approach

  CAP return

  Valuation

  6%

  $10,996,576

  6.5%

  $10,150,685

  7%

  $9,425,636

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,839,707

  Geo Method

  $9,839,707

• Alternative Use

  Use

  Valuation

  Residential

  $12,586,850

  Hospitality

  $11,529,487

  Educational

  $9,592,398

  Medical

  $9,922,295

  Retail

  $14,921,507

Location Insight

City

Alcoa

County

Blount

State

Tennessee

Latitude

35.8328

Longitude

-83.97

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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