Freestanding Retail with
1980 Oak Ridge Turnpike Oak Ridge, TN
1980 Oak Ridge Turnpike, Oak Ridge, TN, 00000
Contact for pricing
For Sale
Contact for pricing
3,200 SF commercial retail with drive-thru on 0.69 acres.
Property Size3,200 SF
Lot Size0.77 Acres
Price / SF$171.56
Days on Market602
Property Features for 1980 Oak Ridge Turnpike
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.77 Acres
- Property subtype
- RETAIL
Listing Agency
Mike Fuller Realty & Company
(865) 909-7471
Listed by
Michael Fuller · License #249198
(865) 909-7471
Source
Moodyscre
Added: Nov 25, 2024 Checked: Jul 20 at 2:56 am
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 Mike Fuller Realty & Company
Investment Insights
Based on property information with market context.
This is a 3,200 square foot commercial freestanding retail building with a drive-thru. The property, formerly a bank branch, is situated on 0.69 acres and offers visibility and road frontage on Oak Ridge Turnpike. The location is suitable for a restaurant, retail establishment, office, bank or credit union, coffee shop, or other business. Traffic counts average over 21,000 vehicles per day in West Oak Ridge, near a Department of Homeland Security training complex and dense residential areas.
Key Highlights
- 3,200 SF Freestanding Commercial Retail Building with Drive‑Thru
- Excellent Visibility and Road Frontage on Oak Ridge Turnpike
- Located on .69 Acres
Local Financial Insights For Retail
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 | $69.1k | $21.60 |
| − Vacancy | −$3.5k | −$1.08 |
| EGI | $65.7k | $20.52 |
| − OpEx | −$19.7k | −$6.16 |
| NOI | $46.0k | $14.36 |
3,200 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$766.2K
$670.4K – $893.9K
NOI $53,633 @ 7.0% cap · market cap 9.77%
Second Best
Retail
$656.6K
$574.6K – $766.1K
NOI $45,965 @ 7.0% cap · market cap 8.37%
Theoretical Best
Office A
$792.6K
$693.5K – $924.7K
NOI $55,480 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - 3,200 SF commercial retail with drive-thru on 0.69 acres.
Where is this bank located?
The property is located at 1980 Oak Ridge Turnpike Oak Ridge, TN.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 3,200 SF Freestanding Commercial Retail Building with Drive‑Thru; Excellent Visibility and Road Frontage on Oak Ridge Turnpike; Located on .69 Acres
