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2507 Mineral Springs Ave

7,404 SF 100% Leased Office Building Knoxville, TN 37917 $1,367,859 CAD ($185 CAD/SF) 7.66% Cap Rate

Investment Highlights

  • All offices are "front door" accessible and ample parking

Executive Summary

100% leased with good mix of tenants. Ample parking with easy access to I-640, Broadway and Fountain City, Close to downtown and Amazon's new east warehouse.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
7,404 SF
Building Class
B
Year Built/Renovated
1987/2017
Price
$1,367,859 CAD
Price Per SF
$185 CAD
Cap Rate
7.66%
NOI
$104,723 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,700 SF
Slab To Slab
15’
Building FAR
0.18
Lot Size
0.94 AC
Zoning
O-1
Parking
15 Spaces (3.84 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Kitchen
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
069EB-042
Land Assessment
$0 CAD (2023)
Improvements Assessment
$0 CAD (2023)
Total Assessment
$338,267 CAD (2023)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
  • Listing ID: 29490284

  • Date on Market: 2023-09-11

  • Last Updated:

  • Address: 2507 Mineral Springs Ave, Knoxville, TN 37917

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