Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    400 Laboratory Rd Oak Ridge, TN 37830

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,650,000

    Medical/office building in Oak Ridge with existing medical tenants.

    Building Details

    Year built
    1972

    We can help!

    Listing Contact
    G. Sam Tate, Jr., Ccim
    G. Sam Tate, Jr., Ccim
    Source: Naiglobal

    Listing Agency: NAI Koella RM Moore - Knoxville Listing Agent: G. Sam Tate, Jr., Ccim

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Oak Ridge Medical/Office Building

    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.
    Property Profile Insight Report 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

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Jackson Square Animal Clinic, Dr. David Allen, DVM, Grace Veterinary Center, Oak Ridge

    Location Insight

    • Map
    • Local Demand
    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.241762
    Latitude
    36.020255

    Nearby Similar for Sale

    • $359,000
      Pending

      Updated Duplex in Oak Ridge

      Updated duplex with steady rental income and separate utilities.
      380 W Outer Dr, Oak Ridge, TN 37830
      View Details
    • $310,000
      1,425 SF

      Oak Ridge Duplex Investment Opportunity

      Well-maintained duplex in Oak Ridge with tenant and growth potential.
      617 W Outer Dr, Oak Ridge, TN 37830
      View Details
    • $310,000
      1,425 SF

      Oak Ridge Duplex Investment Opportunity

      Duplex in Oak Ridge with income potential and convenient location.
      558/560 W Outer Dr, Oak Ridge, TN 37830
      View Details
    • $284,000
      1,225 SF

      Oak Ridge Duplex Investment Property

      Income-producing duplex with two rented units in Oak Ridge.
      100/102 Howard Ln, Oak Ridge, TN 37830
      View Details
    • $315,000
      0.49 Acres

      Oak Ridge Duplex Investment Opportunity

      Two-unit duplex in Oak Ridge, ideal for rental income.
      113/115 Walsh Ln, Oak Ridge, TN 37830
      View Details
    • $1,400,000

      Versatile Office Building in Oak Ridge

      Security-enhanced 15,541 SF office building near Y-12 Complex.
      122-132 Jefferson Ct, Oak Ridge, TN 37830
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space in Oak Ridge

      New retail space in high-traffic Oak Ridge retail corridor.
      852 Main St, Oak Ridge, TN 37830
      View Details
    • $399,000

      Oak Ridge Auto Shop Facility

      Two-bay oil change facility in high-traffic location for sale.
      2069 Oak Ridge Tpke, Oak Ridge, TN 37830
      View Details
    • $2,100,000

      Medical/Office Building in Oak Ridge

      Investment and owner-user opportunity in a growing market.
      420 Laboratory Rd, Oak Ridge, TN 37830
      View Details
    • $1,400,000

      Oak Ridge Office Building Opportunity

      Security-enhanced 15,541 SF office building near Y-12 Complex.
      122-132 Jefferson Ct, Oak Ridge, TN 37830
      View Details
    • Contact for pricing

      Oak Ridge Office Space Available

      Office space in prime Oak Ridge location for sale.
      106 Administration Rd, Oak Ridge, TN 37830
      View Details

    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
    (865) 777-3035
    Request Owner's contact information
    400 Laboratory Rd Oak Ridge, TN 37830
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 Laboratory Rd
    Oak Ridge, TN 37830
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 Laboratory Rd Oak Ridge, TN 37830
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    G. Sam Tate, Jr., Ccim
    G. Sam Tate, Jr., Ccim
    Real Estate License ID: #207699
    (865) 777-3035 (865) 806-6517 (865) 531-6400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!