116 Concord RdFarragut, TN 37934

  • Healthcare properties
  • 17,016 SF
For Lease
$24/SF/YR View listing

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
116 Concord Rd, Farragut, Tennessee

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

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
$20,637
-
-
$1,327,975
-
$939,400
$2,380,800
$3,320,200

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