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

    420 Laboratory Rd, Oak Ridge, TN 37830

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    Investment or owner-user opportunity in a growing market.

    Type:Office
    Property size:
    11,140 SF
    Price / SF:
    $188/SF
    Added:
    Feb 3, 2026
    Days on Market:
    105
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 420 Laboratory Rd

    General Information

    Standard status
    Active
    Size
    11,140 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Mary Ellen Kilburn
    Mary Ellen Kilburn

    Listing agent Mary Ellen Kilburn License #TN 350637

    Listing office NAI Koella | RM Moore

    Listing date Feb 3, 2026

    Source Crexi

    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

    HighLights

    • Strong existing cash flow from established medical tenant.
    • Approximately 4,000 SF of vacant space available for lease or owner‑occupancy, providing immediate upside.
    • Located in Oak Ridge, a dynamic market.
    • Total building size of approximately 11,420 SF.
    • Ideal for both investors and owner‑users.
    • Versatile asset in an established East Tennessee commercial corridor.

    Overview

    This medical/office property is located in the expanding Oak Ridge commercial real estate market. The building provides a total of 11,142 square feet of functional space. A portion of the building is occupied by East Tennessee Oral & Maxillofacial Surgery. Approximately 4,000 square feet of office space is currently vacant for lease or owner use, offering income potential or the opportunity for the buyer to occupy the space. This property is suited for investors seeking a stabilized property with upside potential or owner-users looking to locate their office while benefiting from rental revenue. The location in Oak Ridge is supported by demand for medical and professional office space. This property offers a blend of income stability and growth potential, making it attractive for investors and owner-occupiers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    James David Johnson ... Dental Office East Tennessee Oral ... Dental Office East Tennessee Oral ... Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -84.241762
    Latitude
    36.020255

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    FAQs

    What type of property is this?
    Medical Office Space - Investment or owner-user opportunity in a growing market.
    Where is this medical office space located?
    The property is located at 420 Laboratory Rd Oak Ridge, TN.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: Strong existing cash flow from established medical tenant.; Approximately 4,000 SF of vacant space available for lease or owner‑occupancy, providing immediate upside.; Located in Oak Ridge, a dynamic market.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mary Ellen Kilburn
    Mary Ellen Kilburn
    Real Estate License ID: TN 350637
    Learn More
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    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.

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