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    562 Oak Ridge Tpke Oak Ridge, TN 37830

    For Sale
    $425,000

    2,114 SF office building on Oak Ridge Turnpike.

    Property size:
    2,114 SF
    Lot size:
    0.60 Acres

    Property Features for 562 Oak Ridge Tpke

    General Information

    Size
    2,114 SF
    Lot size
    0.60 Acres

    Source: Providence Commercial Real Estate Agent Jay Cobble

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

    Overview

    Oak Ridge Turnpike Office Building

    Located at 562 Oak Ridge Turnpike in Oak Ridge, TN, this 2,114 SF building presents a prime investment opportunity. Constructed in 1982 and zoned O-2, the property is suitable for office investors or users. Situated on the main thoroughfare, the location benefits from high visibility with over 21,000 cars per day, ensuring ease of access. The first floor, recently refinished, is well-suited for professional services, light medical use, or other purposes. The building is currently under a short-term lease on the first floor through August 31, 2026. The approximate square footage is based on the original 1,322 SF first floor. Oak Ridge is experiencing growth due to new billion-dollar nuclear initiatives, complementing the existing Department of Energy installations at Oak Ridge National Laboratories and Y-12 National Security Complex.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Audibel Hearing Center Hearing Aid Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.227682
    Latitude
    36.033088

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    FAQs

    What type of property is this?
    Office building - 2,114 SF office building on Oak Ridge Turnpike.
    Where is this office building located?
    The property is located at 562 Oak Ridge Tpke Oak Ridge, TN.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: - Strategic location on Oak Ridge Turnpike boasts high traffic volume (21,000+ cars per day) and excellent visibility.; - Zoned O-2, making it suitable for office investors or users.; - Well-maintained 2,114 SF building constructed in 1982.
    (865) 207-9711
    Request Owner's contact information
    562 Oak Ridge Tpke Oak Ridge, TN 37830
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    Realmo Value Estimation

    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.

    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.

    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
    562 Oak Ridge Tpke Oak Ridge, TN 37830
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