116 Concord RdFarragut, TN 37934
- Healthcare properties
- 17,016 SF
Property Details for 116 Concord Rd
- Year built
- 1988
- Construction
- LIGHT FRAME
- Lot size
- 2.27 AC
- Property size (Sq ft)
- 17,016 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 143HA00103
- APU
- 143HA00103
Description
Admiral Pointe, located at 116 Concord Rd in Farragut, Tennessee, 37934, offers exceptional medical office space. This Class B building, totaling 17,016 square feet, features multiple tenancies and underwent renovations in 2017. Currently, 5,406 square feet are vacant, offering flexible options for medical practices. Individual suites range from a minimum of 1,906 square feet to a maximum contiguous space of 2,215 square feet, allowing for customization to suit various needs. The building does not have elevators. Knoxville Pediatric Associates serves as an anchor tenant in this four-tenant building, providing a strong and established presence within the community. The property enjoys a prime Farragut location, ideal for attracting patients and establishing a thriving medical practice. The vacant space is ready for tenant design, providing an opportunity to create a modern and efficient workspace tailored to specific requirements. This is a fantastic opportunity to secure medical office space in a desirable and well-established location within Knox County. The property's convenient location and existing tenant base make it an attractive investment for medical professionals seeking a thriving practice environment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,986,226
- 6.5%
- $2,756,516
- 7%
- $2,559,622
-
Comparable approach
- Method
- Valuation
- Relative Method
- $3,319,141
- Geo Method
- $3,319,141
-
Alternative Use
- Use
- Valuation
- Residential
- $3,418,080
- Hospitality
- $3,130,944
- Educational
- $2,604,908
- Medical
- $2,694,495
- Retail
- $4,052,080
Location Insight
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Latitude
- 35.8838
- Longitude
- -84.1524
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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