Property profile

575 Oak Rdg Tpke Oak Ridge, TN 37830

OFF-MARKET
Office Spaces
Property ID
US80-1230628
38,472 SF 1.84 ac lot Built 2003
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office space, totaling 2,700 square feet, is situated within the prestigious Victory Centre in Oak Ridge, Tennessee. Located at 575 Oak Ridge Turnpike, zip code 37830, this property offers a prime location with convenient access to major roadways. The suite, number 203, is on the second floor of a larger building encompassing 38,000 total square feet. The building itself boasts a modern design and construction, having been built in 2003. The property is zoned B-2 and sits on a sizable 1.4-acre lot in Anderson County. Multiple tenancy options are available, making it suitable for a variety of businesses. The space is adaptable to various office needs, including traditional office setups, executive suites, coworking spaces, medical offices, and creative office environments. Ample parking is provided, with a ratio of 5 spaces per 1,000 square feet of building space. This presents a rare opportunity to secure high-quality office space in a thriving Oak Ridge location. The available space is immediately ready for occupancy. Inquire today to learn more about this exceptional opportunity.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 2003
Total area 38,472 SF
Lot 1.84 ac (80,150 SF)
APN 001094K A 01100
UPID US80-1230628

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Engineering Consultant Engineer
  • Consultant
  • Business Service Center Advocacy Group
  • Physician
  • Physician Medical Clinic

Location

575 Oak Rdg Tpke Oak Ridge, TN 37830-7100
Oak Ridge metro Census 20202 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.47M
Comparable Approach Comparable
$8.83M
Blend (final) Blend
$855k

Owner & transaction history

since 2018
4 recorded transactions
2018
$4.0M
2008
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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