Federal-Tenant Office
New
For Sale
Contact for pricing
301 Laboratory Rd, Oak Ridge, TN 37830
Build-to-suit office property with federal occupancy in Oak Ridge’s scientific and government employment base.
Property Size83,000 SF
Price / SF$168.67
Days on Market5
Property Features for 301 Laboratory Rd
General Information
Standard status
Active
Size
83,000 SF
Property subtype
OFFICE
Building Details
Year Built
1991
Tenancy
Multi
Listing Agency:
Providence Commercial Real Estate
(865) 207-9711
Listed By:
Jay Cobble · License #301271
(865) 207-9711
Source:
Moodyscre
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 20 at 7:43AM
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 Providence Commercial Real Estate
Investment Insights
Based on property information with market context.
This office property contains 83,000 square feet and was constructed as a build-to-suit project in 1991 by Cowperwood. The asset is leased to the U.S. Department of Energy, including the Oak Ridge Office of Environmental Management and the Office of Science connected to Oak Ridge National Laboratory.
Located at 301 Laboratory Road in Oak Ridge, Tennessee, the property sits within a federal and scientific employment base. Its setting provides proximity to DOE facilities, Oak Ridge National Laboratory, and Y-12.
Located at 301 Laboratory Road in Oak Ridge, Tennessee, the property sits within a federal and scientific employment base. Its setting provides proximity to DOE facilities, Oak Ridge National Laboratory, and Y-12.
Key Highlights
- 83,000‑square‑foot office property
- Leased to the U.S. Department of Energy
- Includes occupancy by the Oak Ridge Office of Environmental Management and Office of Science
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,098,090
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$21,961,800
$22.0M
Cap Rate 7%
$15,687,000
$15.7M
Cap Rate 9%
$12,201,000
$12.2M
Market Conditions
NOI Build-Up for 83,000 SF
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.
Gross rent
$1.74M $21.00/SF
− Vacancy
−$278.9K −$3.36/SF
EGI
$1.46M $17.64/SF
− OpEx
−$366.0K −$4.41/SF
NOI
$1.10M $13.23/SF
Area
Anderson County, TN
Vacancy
16.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$21,961,800
Cap Rate 7%
$15,687,000
Cap Rate 9%
$12,201,000
Alternative Uses
Best Use
Office B
$15.69M
$13.73M – $18.30M
NOI $1,098,090 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.56M
$17.99M – $23.98M
NOI $1,439,021 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
Explore this area
Business Placement
Demographics for 37830, TN
31,839
Population
15,110
Households
2.1
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
84.8 sq mi
ZIP Area
375
Density / Sq Mi
$70,795
Median Household Income
$41,293
Median Earnings
$1,076
Median Rent
$234,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Build-to-suit office property with federal occupancy in Oak Ridge’s scientific and government employment base.
Where is this office building located?
The property is located at 301 Laboratory Rd Oak Ridge, TN.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 83,000‑square‑foot office property; Leased to the U.S. Department of Energy; Includes occupancy by the Oak Ridge Office of Environmental Management and Office of Science
