Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2 Hwy 58 Oak Ridge, TN

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    40-acre corner lot in Horizon Center Industrial Park.

    Type:LAND
    Lot size:
    40.00 Acres
    Added:
    Dec 7, 2023
    Days on Market:
    881
    Last Refresh:
    Apr 5 at 11:24 pm

    Property Features for 2 Hwy 58

    General Information

    Standard status
    Active
    Lot size
    40.00 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Rick Chinn Jr

    Listing agent Rick Chinn Jr

    Listing office R&R Properties

    Listing date Dec 7, 2023

    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 R&R Properties

    Overview

    40 Acres in Horizon Center

    This 40-acre corner lot is located in Horizon Center Industrial Park and faces State Highway 95/58. The property is zoned IND-2 and is situated near ORNL and the New Oak Ridge Municipal Airport. It is also adjacent to the Y-12 Training Center. The site features a level pad ready for development, with all utilities in place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Map

    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.3916
    Latitude
    35.9268

    Nearby Similar for Sale

    • $350,000

      Oak Ridge Commercial Opportunity

      Commercial property in Oak Ridge, TN, selling at auction.
      508 Scarboro Ln, Oak Ridge, TN 37830
      View Details
    • $475,000
      2,704 SF

      Oak Ridge Multifamily Investment Opportunity

      Fully furnished duplex in Oak Ridge, great investment potential.
      111 Vienna Rd, Oak Ridge, TN 37830
      View Details
    • $185,000

      Oak Ridge Versatile Waterfront Lot

      0.48-acre lot with lake views, zoned residential/commercial.
      9136 Solway Ferry Rd, Oak Ridge, TN 37830
      View Details
    • $315,000
      1,475 SF

      Remodeled Duplex in Oak Ridge

      Fully remodeled duplex in Oak Ridge, Tennessee, near amenities.
      191 N Purdue Ave, Oak Ridge, TN 37830
      View Details
    • $315,000

      Oak Ridge Duplex Investment Opportunity

      Two-unit duplex in Oak Ridge, ideal for rental income.
      113/115 Walsh Lane, Oak Ridge, TN 37830
      View Details
    • $89,750

      Oak Ridge Home Site Land

      Gated community land near golf, marina, and Oak Ridge amenities.
      11 Royal Troon Circle, Oak Ridge, TN 37830
      View Details
    • $39,900

      Residential Lot in Oak Ridge

      0.40-acre residential lot in Oak Ridge, Tennessee.
      126 Jonathan Lane, Oak Ridge, TN 37830
      View Details
    • $305,000
      1,425 SF

      Oak Ridge Duplex Investment Opportunity

      Duplex in Oak Ridge with strong income potential.
      558/560 W Outer Drive, Oak Ridge, TN 37830
      View Details
    • $30,000

      Residential Lot in Oak Ridge

      Wooded 0.55 acre lot with utilities in Oak Ridge, TN.
      Glassboro Drive, Oak Ridge, TN 37830
      View Details
    • $1,400,000
      15,541 SF

      Versatile Office Building in Oak Ridge

      Security-enhanced 15,541 SF office building near Y-12 Complex.
      122-132 Jefferson Court, Oak Ridge, TN 37830
      View Details
    • $280,000
      1,225 SF

      Oak Ridge Duplex Investment Opportunity

      Fully occupied duplex in Oak Ridge, proven income producer.
      100/102 Howard Lane, Oak Ridge, TN 37830
      View Details
    • $395,000
      2,688 SF

      Historic Building Near Medical Center

      Historic 2,688 SF building ideal for medical or retail use.
      908 Oak Ridge Turnpike, Oak Ridge, TN
      View Details

    FAQs

    What type of property is this?
    Land - 40-acre corner lot in Horizon Center Industrial Park.
    Where is this land located?
    The property is located at 2 Hwy 58 Oak Ridge, TN.
    What are key features of this property?
    This property features: 40 Acres of land; Corner lot facing ORTP (State Highway 95 / 58); Level pad ready site with all utilities in place
    (865) 482-3602 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rick Chinn Jr
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2 Hwy 58, Oak Ridge, TN
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!