Roane Medical Plaza | 2497 S Roane St
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Roane Medical Plaza 2497 S Roane St
26,292 SF Office Building Harriman, TN 37748 £1,659,021 (£63/SF) 5.16% Net Initial Yield
Investment Highlights
- Great location on the corner of Hwy 382 & Roane St
- Ground level access in the back, as well as side access.
- High profile medical office building.
- Fully built out Lobby, exam rooms, kitchen/break room, bathrooms all included.
Executive Summary
The Roane Medical Plaza is a beautiful office facility located on the corner of Hwy 382 and S Roane Street in Harriman. This property offers 8,922 SF of contiguous medical space available for immediately move-in to new owner-occupant or tenant. It comes fully equipped with a built-out lobby, exam rooms, and a kitchen/break room. Simply a great location with a motivated seller!
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Property Subtype
Medical
Building Size
26,292 SF
Building Class
B
Year Built
1997
Price
£1,659,021
Price Per SF
£63
Net Initial Yield
5.16%
NOI
£85,616
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
12,500 SF
Building FAR
0.12
Land Acres
5.21 AC
Zoning
C-2 - Commercial
Parking
134 Spaces (5.36 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Fully built-out medical office space that includes a kitchen/breakroom and a reception area.
Fully built-out, second floor medical office space in excellent condition.
Fully built-out, second floor medical office space in excellent condition.
Fully built-out, second floor medical office space in excellent condition.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 210 | 2,353 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 220 | 2,004 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 230 | 1,970 SF | Office | Full Build-Out | 30 Days |
| 2nd Fl-Ste 240 | 2,595 SF | Office | Full Build-Out | 30 Days |
2nd Fl-Ste 210
| Size |
| 2,353 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 220
| Size |
| 2,004 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 230
| Size |
| 1,970 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 240
| Size |
| 2,595 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Fl-Ste 210
| Size | 2,353 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Fully built-out medical office space that includes a kitchen/breakroom and a reception area.
2nd Fl-Ste 220
| Size | 2,004 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Fully built-out, second floor medical office space in excellent condition.
2nd Fl-Ste 230
| Size | 1,970 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Fully built-out, second floor medical office space in excellent condition.
2nd Fl-Ste 240
| Size | 2,595 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Fully built-out, second floor medical office space in excellent condition.
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2020 Population
180
3,698
15,748
2024 Population
170
3,727
16,735
Population Growth '20-'24
-5.6%
0.8%
6.3%
2020 Households
72
1,528
6,605
2024 Households
68
1,537
7,015
Household Growth '20-'24
-5.6%
0.6%
6.2%
Average Age
44
45
44
Median Household Income
$45,833
$55,034
$48,480
Daytime Employees
478
2,991
7,149
Total Businesses
74
286
816
College Degree + Higher
12%
16%
17%
$ values in USD
PROPERTY TAXES
| Parcel Number | 045-022.10 | Total Assessment | £524,338 (2023) |
| Land Assessment | £84,739 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £439,599 (2023) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
045-022.10
Land Assessment
£84,739 (2023)
Improvements Assessment
£439,599 (2023)
Total Assessment
£524,338 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2025
-
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Roane Medical Plaza | 2497 S Roane St
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