Property profile

241-245 Joule St Alcoa, TN 37701

OFF-MARKET
Medical Office Space
Property ID
US80-1580137
15,443 SF 2.84 ac lot Built 2017
Individually Owned 10-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2017
Construction FRAME
Total area 15,443 SF
Lot 2.84 ac (123,710 SF)
Zoning code B
APN 005046L A 00500
UPID US80-1580137

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

241-245 Joule St Alcoa, TN 37701
Alcoa metro Census 10100 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.68M
Comparable Approach Comparable
$2.36M
Blend (final) Blend
$2.48M

Owner & transaction history

since 2016
5 recorded transactions
2016
$375,000
2016
Price N/A
2015
$250,000
2010
Price N/A
1989
$98,000

Zoning & alternative use

B · Alcoa, TN
Zoning description

nicipal Planning Commission (PDF) Chapter 2: Zoning Ordinance Chapter 2 Zoning Ordinance (PDF) Chapter 2 Menu Zoning Ordinance (PDF) Chapter 2, Sub-Chapters 2.1-2.31: Zoning Ordinance 2.1 Residence A (PDF) 2.2 Residence…

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $3.1M +0.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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