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Property profile & analytics
OFF-MARKET Estimated value $2,580,000
Medical Office Space

1616 Grand Ave Knoxville, TN 37916-1517

20,020 SF 0.34 ac lot Built 1977
Trust Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US80-0192823
Property summary
AI-generated overview

This exceptional 20,372 square foot medical office building, located at 1616 Grand Avenue in Knoxville, Tennessee, presents a compelling investment opportunity. Situated in the desirable UT Campus area, this property boasts a strategic location with excellent visibility and accessibility. The asking price is $3,200,000, translating to a price per square foot of $157.08. The building's classification as a medical office ensures its suitability for a range of healthcare practices. Its substantial size offers ample space for expansion or multi-tenant occupancy. The property's address is 1616 Grand Ave, Knoxville, TN 37916. Its precise geographic coordinates are latitude 35.962366210313604 and longitude -83.93380183020481. This presents a rare chance to acquire a well-positioned medical office building in a thriving Knoxville neighborhood. The property's proximity to the University of Tennessee campus adds significant value, providing a large potential patient pool and a strong foundation for long-term growth and profitability. Serious inquiries are encouraged to explore this lucrative investment prospect further. Detailed financial information and property specifics are available upon request.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 20,020 SF
Lot 0.34 ac (15,000 SF)
APN 094ND008
UPID US80-0192823
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
  • CSL Plasma Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.06M
Blend (final) Blend
$2.58M
Owner & transaction history
Nelson Grand Avenue Property T Trust · 9 yrs held
Nelson Grand Avenue Property T Trust
since 2017
Last sale
$3.1M
3 recorded transactions
2017
Price N/A
2017
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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