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    Oak Ridge Medical/Office Building Title is generated by Realmo AI

    400 Laboratory Rd, Oak Ridge, TN 37830

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    For Sale
    $1,650,000

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

    Type:Office
    Property size:
    10,139 SF
    Price / SF:
    $162/SF
    Added:
    Nov 21, 2025
    Days on Market:
    225
    Last Refresh:
    May 8 at 10:48 pm

    Property Features for 400 Laboratory Rd

    General Information

    Standard status
    Active
    Size
    10,139 SF
    Property subtype
    Office

    Building Details

    Year Built
    1972

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    Sam Tate, CCIM
    Sam Tate, CCIM

    Listing office NAI Koella RM Moore - Knoxville

    Listing date Nov 21, 2025

    Source Naiglobal

    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 NAI Koella RM Moore - Knoxville

    HighLights

    • Newer roof with warranty
    • Over 7 parking spots per 1,000 SF
    • Very expensive buildouts already in‑place
    • 5,126 SF available for occupancy at $16/SF NNN
    • Owner‑user or investment opportunity
    • Access points on Laboratory Rd & E Division Rd

    Overview

    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.

    Local Financial Insights For Office B

    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 $212.9k $21.00
    − Vacancy −$34.1k −$3.36
    EGI $178.9k $17.64
    − OpEx −$44.7k −$4.41
    NOI $134.1k $13.23
    10,139 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.92M
    $1.68M – $2.24M (±1% cap)
    NOI $134,139 @ 7.0% cap · market cap 8.13%
    Second Best
    Healthcare Medical
    $1.84M
    $1.61M – $2.15M (±1% cap)
    NOI $128,992 @ 7.0% cap · market cap 7.82%
    Theoretical Best
    Office A
    $2.51M
    $2.20M – $2.93M (±1% cap)
    NOI $175,786 @ 7.0% cap · market cap 10.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile 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

    Real Estate Agency Big Box & Wholesale Store Hotel & Motel Building Supply Auto Parts Store Storage Facility Parking Lot & Garage Bar & Pub Gym & Fitness Center Law Firm

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

    Similar Places Nearby

    • Jackson Square Animal Clinic — 201 W Tyrone Rd, Oak Ridge, TN 37830
    • Dr. David Allen, DVM — 201 W Tyrone Rd, Oak Ridge, TN 37830
    • Grace Veterinary Center, Oak Ridge — 1030 Oak Ridge Turnpike, Oak Ridge, TN 37830

    Location Insight

    • Map
    • Local Demand
    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.2418
    Latitude
    36.0203

    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
    More about this property
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