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Property profile & analytics
OFF-MARKET Estimated value $1,815,000
Strip malls

5555 Clinton Hwy Knoxville, TN 37912-3475

16,000 SF 1.03 ac lot Built 1996
Individually Owned 17-yr Hold Free & Clear
Property ID
US80-1295797
Property summary
AI-generated overview

This 2,800 square foot medical office space, located on Clinton Highway in Knox County, is brand new and never occupied. Part of a larger 16,000 square foot Class B building constructed in 1996, this single-suite space is immediately available for lease, with occupancy commencing July 1, 2024, upon completion of construction. The building boasts a high traffic count of 26,000 average daily traffic (ADT) on Clinton Highway, providing excellent visibility and accessibility for patients. A pylon signage opportunity is also available, enhancing marketing potential. The space is "medical ready," meaning it's equipped for immediate medical practice use. The lease offers an affordable rate and includes a 3% annual escalation clause. The property benefits from the presence of strong neighboring businesses, further contributing to a robust patient base. This is a rare opportunity to secure a pristine, fully equipped medical office space in a high-traffic location with excellent visibility and a competitive lease structure.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1996
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 16,000 SF
Lot 1.03 ac (44,867 SF)
APN 068NA01501
UPID US80-1295797
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.81M
Blend (final) Blend
$1.82M
Owner & transaction history
Graham Gp · 17 yrs held
Graham Gp
since 2008
1 recorded transaction
2008
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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