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Property profile & analytics
OFF-MARKET Estimated value $1,690,000
Medical Office Space

1200 Merchant Dr Knoxville, TN 37912-4707

6,080 SF 1.11 ac lot Built 1959
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US80-0899308
Property summary
AI-generated overview

This exceptional 2,382 square foot office space is ideally situated at 1200 Merchant Drive in Knoxville, Tennessee, zip code 37912. Located in a two-building complex constructed in 1959, this single-tenant space occupies the ground floor of one building, offering convenient access from the rear with dedicated parking. The property is zoned O and has a Knox County APN of 068NH005. The total building square footage is 6,040 square feet, with this suite comprising a significant portion. Currently a blank canvas, this space presents a unique opportunity for customization to perfectly suit your business needs. The layout includes approximately ten individual offices, two bathrooms, and a break room. The property's convenient location offers easy access from the I-75 and I-640 split, with clear directions provided: head north from the split, take the first exit onto Merchant Drive, turn left, proceed through the Clinton Hwy intersection, and turn into the parking lot behind the building marked by an Accellacare sign. This property represents a prime opportunity for businesses seeking a well-located, adaptable office space in Knoxville. The space is ready for a tenant build-out to create the perfect workspace.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1959
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,080 SF
Lot 1.11 ac (48,352 SF)
APN 068NH005
UPID US80-0899308
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • PMG Research of Knoxville Research Institute Medical Clinic
  • Accellacare Research of Knoxville Research Institute
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.69M
Blend (final) Blend
$1.69M
Owner & transaction history
Nfp Properties LLC · 19 yrs held
Nfp Properties LLC
since 2007
4 recorded transactions
2022
Price N/A
2007
$1.2M
1999
$1.6M
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $2.5M +105.7%
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