Oak Ridge Medical/Office
420 Laboratory Rd, Oak Ridge, TN 37830
Investment or owner-user opportunity in a growing market.
Type:Office
Property size:
11,140 SFPrice / SF:
$188/SF- Added:
- Feb 3, 2026
- Days on Market:
- 151
- 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
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.
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 | $233.9k | $21.00 |
| − Vacancy | −$37.4k | −$3.36 |
| EGI | $196.5k | $17.64 |
| − OpEx | −$49.1k | −$4.41 |
| NOI | $147.4k | $13.23 |
11,140 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.11M
$1.84M – $2.46M
NOI $147,382 @ 7.0% cap · market cap 7.02%
Second Best
Healthcare Medical
$2.02M
$1.77M – $2.36M
NOI $141,728 @ 7.0% cap · market cap 6.75%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $193,141 @ 7.0% cap · market cap 9.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
James David Johnson ...
Dental Office
East Tennessee Oral ...
Dental Office
East Tennessee Oral ...
Dental Office
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
Nearby Similar for Sale
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.
