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    3300 Broadway St Knoxville, TN 37917-2733
    Property profile & analytics

    3300 Broadway St, Knoxville, TN 37917-2733

    View on Map
    • Hospitals
    • 29,741 SF
    • 4.50 lot acres
    Off-Market
    Last Sale May 3, 2024
    $5,657,500
    Property ID
    US80-0972615
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $5,660,000
    Show details
    Cap Rate Potential
    6.7%
    Hospitals
    Location Intelligence

    Current Use by Public Records

    • Concordia Nursing and Rehabilitation – Northhaven Under New Management / Nursing Home
    • Creekview Health and Rehabilitation / Nursing Home
    • Molecular Pathology / Medical Clinic
    • Jenifer Kurtz Md Pc / Physician
    • Allison Collins / Physician

    Property Details for 3300 Broadway St

    Year built
    1963
    Construction
    WOOD
    Lot size
    4.50 lot acres
    Property type
    Hospitals
    APN
    069MJ032
    APU
    069MJ032

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 3, 2024 $5,657,500 3300 North Broadway Street Tn LLC Knoxville Propco LLC Special Warranty Deed $26.7M · Ctr Partnership LP
    Dec 28, 2021 — Carthage Propco LLC — Deed · related $82.8M · Monticello Funding Bth-56 Mezz LLC
    Sep 16, 2019 $12,692,400 Knoxville Propco LLC Eagle Realty Vii LLC Grant Deed $164M · Monticello Fndg LLC Series Bth
    Feb 6, 2018 $4,800,000 Eagle Realty Vii LLC 3300 Broadway LLC Special Warranty Deed —
    Jan 25, 2005 — 3300 Broadway LLC Schaefer,robert A Quit Claim Deed · related —
    Jul 15, 1988 $600,000 Robert A Schaefer Unknown, Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,660,000
      ML approach
      $5,660,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,305,000
      6.5%
      $5,820,000
      7%
      $5,405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,517,000
      Market price range: $2.95M - $8.27M
      AI Estimate
      $3,517,000
      Market price range: $2.95M - $8.27M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $6,030,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $6,790,000
      Change: +13% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $5,725,000
      Change: -5% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Knoxville
    County
    Knox
    State
    Tennessee
    Longitude
    -83.9251
    Latitude
    36.0019
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $48,065
    $0.00
    $0.00
    $1,295,680
    -
    $704,300
    $2,534,900
    $3,239,200

    Comparable in this City

    • Value Estimation
      $5,300,000
      53,354 SF

      809 Emerald Ave

      HOSPITAL - PRIVATE
      809 Emerald Ave, Knoxville, TN 37917-5550
      View Details
    • Value Estimation by Request
      7,404 SF

      2507 Mineral Springs Ave

      Medical Office Space
      2507 Mineral Springs Ave, Knoxville, TN 37917
      View Details
    • Value Estimation
      $3,645,000
      17,979 SF

      1601 Saint Mary St

      MEDICAL BUILDING
      1601 Saint Mary St, Knoxville, TN 37917
      View Details
    • Value Estimation
      $5,245,000
      25,874 SF

      900 Oak Hl Ave

      MEDICAL BUILDING
      900 Oak Hl Ave, Knoxville, TN 37917-4505
      View Details
    • Value Estimation by Request
      2,932 SF

      949 Broadway St

      MEDICAL BUILDING
      949 Broadway St, Knoxville, TN 37917-6602
      View Details
    • Value Estimation by Request
      53,874 SF

      232 Churchwell Ave

      HOMES (RETIRED, NURSING)
      232 Churchwell Ave, Knoxville, TN 37917-5419
      View Details

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    Similar Nearby for Lease

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      Office space for lease in the heart of Knoxville.
      625 S Gay St, Knoxville, TN 37917
      View Details
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      7,927 SF

      Turn-Key Medical Facility For Lease

      Ready-to-launch medical clinic with exam and X-ray rooms.
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      View Details
    • Contact for pricing
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      Prime Retail Space Available

      Two 2,700 SF retail spaces in thriving downtown area.
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      View Details
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      High-Traffic Knoxville Location For Rent

      Strategic location near Downtown Knoxville with high visibility and connectivity.
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    • Contact for pricing

      Convenient Location Near Downtown

      Commercial space near I-75, downtown, stadium, and Happy Holler.
      1501 N Central St, Knoxville, TN 37917
      View Details
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    Knoxville, TN 37917-2733
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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