Property profile

115 Franklin Rd Oak Ridge, TN 37830

OFF-MARKET
Commercial real estate
Property ID
US80-2070643
76,312 SF 9.9 ac lot Built 1975
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Oak Ridge, Tennessee industrial property offers 128,000 square feet of warehouse space situated on a generous 9.9-acre lot. The property features a Class B, single-tenant building constructed in 1975 and renovated in 2013. The main warehouse building encompasses 80,332 square feet, complemented by 13,612 square feet of office space. An additional 21,155-square-foot warehouse building is located at the rear, offering a separate entrance/exit for enhanced operational efficiency. Three smaller buildings totaling 12,593 square feet provide versatile supplementary space. The property boasts impressive features including a 41-foot ceiling height, ideal for high-volume storage, two loading docks with two dock-high doors, and nine drive-in doors for convenient access. Ample parking is available with 64 spaces. The property is equipped for heavy power demands and is zoned IND-1. Its strategic location provides easy access to both TN-95 and TN-62, ensuring seamless transportation and logistics. Currently, 109,217 square feet is available for lease. This property is perfectly suited for businesses requiring substantial warehouse space, high ceilings, and convenient access to major roadways.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Construction FRAME
Total area 76,312 SF
Lot 9.9 ac (431,244 SF)
APN 001100G A 01200
UPID US80-2070643

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
  • Recycling Center Waste Management Facility

Location

115 Franklin Rd Oak Ridge, TN 37830-7074
Oak Ridge metro Census 20202 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$945k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$650k

Owner & transaction history

since 2024
Last sale
$566,500
5 recorded transactions
2024
$6.0M
2023
Price N/A
2011
$566,500
2006
$900,000
2006
$750,000

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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