Medical Office Space with
New
For Sale
$1,650,000
400 Laboratory Rd Oak, Oak Ridge, TN 37830
Medical office property with existing healthcare buildouts, landscaped outdoor areas, and access from two roads.
Property Size10,139 SF
Price / SF$321.89
Days on Market5
Property Features for 400 Laboratory Rd Oak
General Information
Standard status
Active
Size
10,139 SF
Class
C
Property subtype
Medical/Healthcare
Additional Details
Road Access
Yes
Office Units
2
Amenities
garden area
breezeway
green space
Building Details
Building Size
10,139 SF
Year Built
1972
Listing Agency:
NAI Koella RM Moore
(865) 777-3035
Listed By:
G. Samuel Tate, CCIM
(865) 777-3035
Source:
Thebrokerlist
Added: Aug 17
Changed: Aug 20
Last Checked: Aug 21 at 3:51AM
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
Investment Insights
Based on property information with market context.
This medical office property includes 5,126 SF available for occupancy within two combined suites, identified as Suites 106 and 107. The space was formerly used as a dental office and includes existing medical buildouts. The property also features a roof with warranty coverage, a garden area, and a breezeway.
Access is available from Laboratory Rd and E Division Rd in Oak Ridge. Parking exceeds 7 spaces per 1,000 SF, with additional green space and garden areas contributing to the site layout. Current occupants are in the medical field, and the property supports either owner occupancy or an investment-oriented ownership strategy.
Access is available from Laboratory Rd and E Division Rd in Oak Ridge. Parking exceeds 7 spaces per 1,000 SF, with additional green space and garden areas contributing to the site layout. Current occupants are in the medical field, and the property supports either owner occupancy or an investment-oriented ownership strategy.
Key Highlights
- 5,126 SF available for occupancy in Suites 106 and 107
- Existing medical buildouts from former dental office use
- Parking exceeds 7 spaces per 1,000 SF
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
$67,817
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
4.11%
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%
$1,356,340
$1.4M
Cap Rate 7%
$968,814
$968.8K
Cap Rate 9%
$753,522
$753.5K
Market Conditions
NOI Build-Up for 5,126 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
$107.6K $21.00/SF
− Vacancy
−$17.2K −$3.36/SF
EGI
$90.4K $17.64/SF
− OpEx
−$22.6K −$4.41/SF
NOI
$67.8K $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%
$1,356,340
Cap Rate 7%
$968,814
Cap Rate 9%
$753,522
Alternative Uses
Best Use
Office B
$968.8K
$847.7K – $1.13M
NOI $67,817 @ 7.0% cap · market cap 4.11%
Second Best
Healthcare Medical
$931.6K
$815.2K – $1.09M
NOI $65,215 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,873 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Yes
Paved road access
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market 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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office property with existing healthcare buildouts, landscaped outdoor areas, and access from two roads.
Where is this medical office space located?
The property is located at 400 Laboratory Rd Oak 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: 5,126 SF available for occupancy in Suites 106 and 107; Existing medical buildouts from former dental office use; Parking exceeds 7 spaces per 1,000 SF
