Business Details
50+ Years
experience
Your Trusted Commercial Real Estate Partner in Knoxville, TN
Founded in 1962, Parker Shiflett has built a legacy of excellence in commercial real estate services. Our team, led by President David Shiflett and Vice President Rick Parker, combines decades of experience with a commitment to personalized service. We specialize in commercial real estate development, acquisition, disposition, management, and advisory services, serving clients with properties ranging from multi-family residential to industrial facilities. Our success stems from a unique blend of expertise, attention to detail, and unwavering integrity. With certifications including CCIM, ASA, and CPM designations, our professionals deliver trusted guidance to investors, financial institutions, and healthcare organizations.We maintain the highest standards of professionalism while prioritizing the needs of our clients, tenants, and team members. Our affiliated appraisal company extends our capabilities to include expert real estate valuations across East Tennessee. Through strategic partnerships with architects, engineers, and contractors, we maximize investment returns for our clients. Our Knoxville roots run deep, with fourth-generation local knowledge informing our approach to market analysis and development. For over six decades, we have remained a family-owned business dedicated to fostering long-term relationships built on trust and results.
Services
Property Management
Commercial Development
Investment Brokerage
Market Analysis
Feasibility Studies
Real Estate Appraisals
Medical Office Leasing
Retail Space Management
Industrial Property Services
Portfolio Advisory
Details
- Year established: 1962
Highlights and features
- We offer 60+ years of combined experience in Knoxville's commercial real estate market.
- Our team holds elite certifications including CCIM, ASA, and CPM designations.
- We provide end-to-end services from development to property management under one roof.
- Our local market expertise informs data-driven investment strategies and feasibility analysis.
- We maintain strict ethical standards with personalized service for every client.
Services
Property Management
We manage diverse commercial properties including multi-family units, retail centers, and medical offices. Our services combine operational efficiency with tenant satisfaction strategies to optimize asset performance. With CPM-certified professionals overseeing daily operations, we ensure properties maintain their value while delivering consistent returns for owners.
Commercial Development
From site selection to project completion, we handle all aspects of commercial development. Our team coordinates architects, engineers, and contractors to execute projects ranging from medical facilities to industrial warehouses. By analyzing market demands and investment criteria, we create properties that meet both client goals and community needs.
Investment Brokerage
We facilitate the acquisition and disposition of commercial real estate assets with personalized service. Our principals directly manage transactions, providing market analysis and negotiation expertise. Whether sourcing properties for investors or marketing assets for sale, we focus on maximizing value through strategic positioning and timing.
Market Analysis
Our feasibility studies combine rental trends, supply-demand dynamics, and financial forecasting to guide investment decisions. By evaluating absorption rates and inventory levels, we help clients understand market conditions. This data-driven approach supports informed decisions for development, acquisitions, and portfolio management.
Real Estate Appraisals
Through our affiliated company Commercial Appraisal Services, Inc., we provide accurate valuations for commercial properties. Our certified appraisers analyze highest-and-best-use scenarios and market comparables to determine property worth. These assessments support investment decisions, financing, and legal compliance across East Tennessee.
People
Rick Parker
Vice President
A Knoxville real estate broker since 1971, Rick holds ASA and CCIM designations with expertise in valuation, brokerage, and development. He graduated from the University of Tennessee with degrees in finance and jurisprudence.
David Shiflett
President
David brings 30+ years of local market knowledge as a CCIM and certified appraiser. A fourth-generation Knoxville native, he specializes in healthcare and financial institution real estate strategies through his development companies.
Helen Shiflett Dowty
Property Manager
Helen has managed commercial leasing since 2014 and earned her CPM designation in 2018. A University of Tennessee graduate, she focuses on property operations and tenant relations for the firm's portfolio.
Megan Wallace Tuck
Leasing Specialist
Megan joined the team in 2015 with expertise in multi-family property management. A Nashville native and Auburn University graduate, she oversees leasing operations and client communications.
Questions
What commercial real estate services do you offer?
We provide development, property management, investment brokerage, market analysis, and appraisal services for medical, retail, industrial, and multi-family properties.
How long have you served the Knoxville market?
Our team has provided commercial real estate services in Knoxville since 1962, combining generational local knowledge with national industry standards.
Do you handle both property management and sales?
Yes, we offer comprehensive services including ongoing property management and investment asset transactions through our certified brokerage team.
Can you assist with medical office space requirements?
We specialize in medical office facilities, offering leasing, management, and development services tailored to healthcare providers' unique needs.
How do you schedule a consultation?
Contact us at (865) 693-1411 during business hours or request an appointment through our website for personalized real estate solutions.
