2507 Mineral Springs Ave
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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
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
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PROPERTY TAXES
Parcel Number | 069EB-042 | Total Assessment | $338,267 CAD (2023) |
Land Assessment | $0 CAD (2023) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
Improvements Assessment | $0 CAD (2023) | Tax Year | 2024 |
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
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2507 Mineral Springs Ave
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