Medical Office Building For
1030 Oak Ridge Turnpike, Oak Ridge, TN
Call to check price and availability
6,106 SF medical office building with high visibility.
Type:OFFICE
Property size:
6,106 SFLot size:
0.36 AcresPrice / SF:
$194/SF- Added:
- Oct 28, 2025
- Days on Market:
- 202
- Last Refresh:
- Apr 5 at 8:43 pm
Property Features for 1030 Oak Ridge Turnpike
General Information
- Standard status
- Active
- Size
- 6,106 SF
- Lot size
- 0.36 Acres
- Property subtype
- OFFICE
Listing agent Charles Stallings License #368338 (865) 705-3423
Listing office Wallace Commercial (865) 705-3423
Listing date Oct 28, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Wallace Commercial
HighLights
- Prime location with high visibility and excellent signage on Oak Ridge Turnpike, directly in front of Oak Ridge Methodist Medical Center.
- Freestanding 6,106 SF medical office building.
- Versatile racetrack layout with 10 rooms suitable for offices or exam rooms.
- High traffic count of 24,626 vehicles per day (2024).
- UB2 zoning suitable for various business uses.
- Large open lobby with reception area and ample storage space on the second level.
Overview
This 6,106 square foot freestanding medical office building presents an opportunity for owner occupancy or investment. The property features prominent signage and visibility, with frontage on Oak Ridge Turnpike, situated directly in front of the Oak Ridge Methodist Medical Center, between Burger King and KFC. The building has a racetrack layout, with 10 rooms suitable for offices or exam rooms, a large open lobby with a reception area, and 3 bathrooms. There are 12 parking spots available, along with a second level offering significant storage space. The property is located on 0.36 acres and is zoned UB2. As of 2024, the average daily traffic count is 24,626.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$897.6K
NOI $80,782 @ 9.00% cap · cautious / downside scenario
Moderate
$1.15M
NOI $80,782 @ 7.00% cap · market / base-case scenario
Aggressive
$1.62M
NOI $80,782 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.2k | $21.00 |
| − Vacancy | −$20.5k | −$3.36 |
| EGI | $107.7k | $17.64 |
| − OpEx | −$26.9k | −$4.41 |
| NOI | $80.8k | $13.23 |
6,106 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.15M
$1.01M – $1.35M
NOI $80,782 @ 7.0% cap · market cap 6.82%
Second Best
Healthcare Medical
$1.11M
$971.0K – $1.29M
NOI $77,683 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,863 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Stacy L. Soappman, ...
Physician
Robbins Kristal R
Physician
Marino Therapy Centers
Medical Clinic
Dr. Carol J ...
Physician
Cope Don E
Medical Clinic
Similar Places Nearby
- Jackson Square Animal Clinic — 201 W Tyrone Rd, Oak Ridge, TN 37830
- Dr. David Allen, DVM — 201 W Tyrone Rd, Oak Ridge, TN 37830
- Grace Veterinary Center, Oak Ridge — 1030 Oak Ridge Turnpike, Oak Ridge, TN 37830
Location Insight
- Map
- Local Demand
- City
- Oak Ridge
- County
- Anderson
- State
- Tennessee
- Longitude
- -84.2466
- Latitude
- 36.0216
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - 6,106 SF medical office building with high visibility.
Where is this medical office space located?
The property is located at 1030 Oak Ridge Turnpike Oak Ridge, TN.
What is the asking price?
The asking price for this property is $1,185,000.
What are key features of this property?
This property features: Prime location with high visibility and excellent signage on Oak Ridge Turnpike, directly in front of Oak Ridge Methodist Medical Center.; Freestanding 6,106 SF medical office building.; Versatile racetrack layout with 10 rooms suitable for offices or exam rooms.
