116 Concord RdFarragut, TN 37934

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

Medical offices

Property subtype

Medical centers

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,384,390

  6.5%

  $3,124,050

  7%

  $2,900,910

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,319,140

  Geo Method

  $3,319,140

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $6,046,570

  Retail / Commercial

  $3,121,000

  Mixed-Use / Specialty

  $3,125,920

  Hospitality / Lodging

  $2,314,270

  Institutional / Educational

  $3,255,430

  Residential Income

  $3,808,850

  Multifamily

  $4,479,210

  Automotive / Energy

  $2,790,360

  Parking / Income-Based Land

  $947,074

  Restaurant / Food Service

  $1,660,040

  Healthcare / Senior Housing

  $3,189,120

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

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