2216 Lamar Alexander Pkwy Maryville, TN 37804-5315
- Medical offices
- 2,368 SF
- 0.35 lot acres
Current Use by Public Records
- Mountain Highway Veterinary Hospital / Emergency Veterinarian Service / Laboratory
Property Details for 2216 Lamar Alexander Pkwy
- Year built
- 1977
- Construction
- WOOD
- Lot size
- 0.35 lot acres
- Property size
- 2,368 SF
- Zone code
- BT
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 005058C C 01502
- APU
- 005058CC01502
Description
This single-story, 2,112 square foot veterinary hospital in Maryville, Tennessee is offered at $550,000, representing a 7.90% cap rate. Located at 2216 E Lamar Alexander Pkwy, 37804, this Class B medical office building sits on a 15,246 square foot lot and is zoned C-1 General. Built in 1985 and renovated in 2015, the property boasts 100% occupancy with a gross lease in place. The single tenant occupies all 2,112 square feet of rentable space, providing a stable investment opportunity. The property features convenient access for residents and commuters, making it an ideal location for veterinary services. Financial records indicate a stabilized investment with strong potential for future growth. The property's location within a high-demand area for medical services further enhances its investment appeal. This turnkey operation presents a rare opportunity for a healthcare investor seeking a profitable and established business. The property's air rights also encompass 2,112 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $265,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $330,000
- 6.5%
- $290,000
- 7%
- $315,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $345,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $325,000
- Mixed-Use
- $315,000
- Hospitality
- $300,000
- Educational
- $330,000
- Residential Income
- $320,000
- Energy
- $325,000
- Income-Based Land
- $285,000
- Food Service
- $315,000
Location Insight
- Map
- Local Demand
- City
- Maryville
- County
- Blount
- State
- Tennessee
- Longitude
- -83.9386
- Latitude
- 35.7554
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA