Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    Commerce Park Dr Oak Ridge, TN 37830

    For Sale
    $2,040,000

    7-34 Acres, I-2 Zoning, Build-to-Suit Option

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 7 to 34-acre commercial and industrial land parcel in Oak Ridge, Tennessee, presents a unique investment opportunity. Located on Commerce Park Drive, this gently sloping, clay-soil property boasts excellent visibility and convenient access off Illinois Ave and Pellissippi Parkway. Its prime location offers close proximity to Oak Ridge National Laboratory, Y-12 Laboratory, and the Spallation Neutron Source, ensuring easy access for employees and clients. The property is easily accessible from West Knoxville and McGhee Tyson Airport via I-140/Pellissippi Parkway. The site is zoned I-2, with detailed zoning information available upon request, and offers the potential for subdivision to accommodate various development needs. Utilities include electric, water, gas, sewer, storm drain, cable, and broadband. The property features 2MW of available power. The seller is open to build-to-suit options, providing flexibility for potential buyers. Asking price ranges from $2,040,000, with a price per acre ranging from $60,000 to $80,000. This is an ideal location for businesses seeking a strategic presence in Oak Ridge's thriving industrial and research corridor. The property's versatility and prime location make it an attractive investment for both immediate development and long-term growth.

    Property Features for 0 Commerce Park Dr

    General Information

    Property type
    Land
    Lot Size
    304,920 SF

    HighLights

    • High visibility from major thoroughfare.
    • Gently sloping terrain.
    • Clay soil composition.
    • Full utilities available: electricity, water, gas, sewer, storm drain, cable, and broadband internet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.2237563
    Latitude
    35.9924522

    Nearby Similar for Sale

    • $325,000
      1,425 SF

      Oak Ridge Duplex Investment Opportunity

      Duplex in Oak Ridge with rental income potential.
      558/560 W Outer Dr, Oak Ridge, TN 37830
      View Details
    • $325,000
      1,425 SF

      Oak Ridge Duplex Investment Opportunity

      Well-maintained duplex in Oak Ridge with tenant in place.
      617 W Outer Dr, Oak Ridge, TN 37830
      View Details
    • $285,000
      Pending

      Income-Producing Duplex in Oak Ridge

      Updated duplex on a large lot, ideal for investment.
      178 Hillside Rd, Oak Ridge, TN 37830
      View Details
    • $299,000
      1,225 SF

      Oak Ridge Income-Producing Duplex

      Income-generating duplex with two 2-bedroom units in Oak Ridge, TN.
      100/102 Howard Ln, Oak Ridge, TN 37830
      View Details
    • $359,000
      2,119 SF

      Oak Ridge Multifamily Property

      Multifamily property in Oak Ridge, featuring updated interiors and large backyard.
      380 W Outer Dr, Oak Ridge, TN 37830
      View Details
    • $2,450,000
      Pending

      Versatile Sneedville Building For Sale

      Office, medical, or retail opportunity in Sneedville, Tennessee.
      115 Broadway Ave, Oak Ridge, TN 37830
      View Details

    FAQs

    What type of property is this?
    Land - 7-34 Acres, I-2 Zoning, Build-to-Suit Option
    Where is this land located?
    The property is located at Commerce Park Dr Oak Ridge, TN.
    What is the asking price?
    The asking price for this property is $2,040,000.
    What are key features of this property?
    This property features: High visibility from major thoroughfare.; Gently sloping terrain.; Clay soil composition.
    Request Owner's contact information
    Commerce Park Dr Oak Ridge, TN 37830
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Commerce Park Dr
    Oak Ridge, TN 37830
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Commerce Park Dr Oak Ridge, TN 37830
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.