Oak Ridge Medical/Office
For Sale
$1,650,000
400 Laboratory Rd, Oak Ridge, TN 37830
Medical/office building in Oak Ridge with existing medical tenants.
Property Size10,139 SF
Days on Market320
Property Features for 400 Laboratory Rd
General Information
Standard status
Active
Size
10,139 SF
Class
C
Property subtype
Office
Building Details
Building Size
10,139 SF
Year Built
1972
Listing Agency:
NAI Koella RM Moore - Knoxville
Listed By:
Sam Tate, CCIM · License #TN #207699
(865) 806-6517
Source:
Koellamoore
Added: Nov 21, 2025
Changed: Oct 4
Last Checked: Oct 5 at 4:52PM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Newer roof with warranty
- Over 7 parking spots per 1,000 SF
- Very expensive buildouts already in‑place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,139
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,682,780
$2.7M
Cap Rate 7%
$1,916,271
$1.9M
Cap Rate 9%
$1,490,433
$1.5M
Market Conditions
NOI Build-Up for 10,139 SF
Gross rent
$212.9K $21.00/SF
− Vacancy
−$34.1K −$3.36/SF
EGI
$178.9K $17.64/SF
− OpEx
−$44.7K −$4.41/SF
NOI
$134.1K $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 Rate 5%
$2,682,780
Cap Rate 7%
$1,916,271
Cap Rate 9%
$1,490,433
Alternative Uses
Best Use
Office B
$1.92M
$1.68M – $2.24M
NOI $134,139 @ 7.0% cap · market cap 8.13%
Second Best
Healthcare Medical
$1.84M
$1.61M – $2.15M
NOI $128,992 @ 7.0% cap · market cap 7.82%
Theoretical Best
Office A
$2.51M
$2.20M – $2.93M
NOI $175,786 @ 7.0% cap · market cap 10.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,243
Businesses Nearby
Balanced
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Similar Off Market Nearby
- Grace Veterinary Center, Oak Ridge — 1030 Oak Ridge Turnpike, Oak Ridge, TN 37830
- Jackson Square Animal Clinic — 201 W Tyrone Rd, Oak Ridge, TN 37830
- Dr. David Allen, DVM — 201 W Tyrone Rd, Oak Ridge, TN 37830
Frequently Asked Questions
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
