Oak Ridge Medical/Office
400 Laboratory Rd Oak Ridge, TN 37830
400 Laboratory Rd, Oak Ridge, TN, 37830
$1,650,000
For Sale
$1,650,000
Medical/office building in Oak Ridge with existing medical tenants.
Property Size10,139 SF
Price / SF$162.74
Days on Market242
Property Features for 400 Laboratory Rd
General Information
- Standard status
- Active
- Size
- 10,139 SF
- Property subtype
- Office
Building Details
- Year Built
- 1972
Listing agency
NAI Koella RM Moore - Knoxville
(865) 806-6517
Listed by
Sam Tate, CCIM · License #TN #207699
(865) 806-6517
Source
Naiglobal
Added: Nov 21, 2025 Updated: Jul 6 at 8:40AM Checked: Jul 21 at 6:15AM
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 NAI Koella RM Moore - Knoxville
Investment Insights
Based on property information with market context.
This 10,139-square-foot building in Oak Ridge presents an opportunity for either an owner-user or an investor. The property features a newer roof with a warranty, a garden area, and a breezeway. Parking is available at a ratio of over 7 spots per 1,000 square feet. Access points are located on Laboratory Road and E Division Road. All current occupants are in the medical field, and very expensive buildouts are already in place. 5,126 square feet are available for occupancy at $16/SF NNN.
Key Highlights
- Newer roof with warranty
- Over 7 parking spots per 1,000 SF
- Very expensive buildouts already in‑place
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $212.9k | $21.00 |
| − Vacancy | −$34.1k | −$3.36 |
| EGI | $178.9k | $17.64 |
| − OpEx | −$44.7k | −$4.41 |
| NOI | $134.1k | $13.23 |
10,139 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,139 @ 7.0% cap · market cap 8.13%
Second Best
Healthcare Medical
$1.84M
$1.61M – $2.15M
NOI $128,992 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,786 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tennessee Center For
Dental Office
Danny Adkins, D.D.S
Dental Office
Family Doctors of Oak ...
Medical Clinic
Dr. Jeff Grabenstein, ...
Pediatrician
Power and Pryse Orthodontics
Dental Office
Similar For Sale Nearby
Similar Off Market 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
FAQs
What type of property is this?
Medical Office Space - Medical/office building in Oak Ridge with existing medical tenants.
Where is this medical office space located?
The property is located at 400 Laboratory Rd Oak Ridge, TN.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Newer roof with warranty; Over 7 parking spots per 1,000 SF; Very expensive buildouts already in‑place
