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    The Largest CRE Database in the US with Over 1 Million Listings

    150 Division Rd Oak Ridge, TN 37830

    Sponsored
    For Lease
    $21 SF/Yr

    Newly renovated, 1265 sq ft medical office.

    Lot size:
    1,265 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    421
    This newly renovated 1,265 square foot medical office space is ideally situated in Oak Ridge's Professional Village, a thriving hub of medical and dental practices. The property features a spacious entryway and reception/work area, perfect for patient interaction. Three private offices provide ample space for consultations or individual work, complemented by convenient storage and a dedicated breakroom. An added benefit is an enclosed outdoor break area, offering a pleasant respite. The building offers convenient front door parking, a significant advantage for both staff and clients. Previously used as a medical office, this versatile space is suitable for a variety of professional uses. The property is available for occupancy beginning January 1, 2025. Located in Anderson County, this single-tenant space presents a unique opportunity for a medical practice or other professional business seeking a well-maintained and conveniently located office in a thriving professional community. The comprehensive renovation ensures a move-in ready space, minimizing upfront costs and maximizing immediate productivity. The combination of location, amenities, and recent updates makes this property a highly desirable option.

    Property Features for 150 Division Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,265 SF

    Spaces For Lease

    at 150 Division Rd, Oak Ridge, TN 37830 Contact us
    Unit

    $21 /Mo

    Size
    1,265 SF
    Contact us

    We can help!

    Listing Contact
    John Haney
    John Haney

    Learn more

    Property Insight Report

    HighLights

    • 1,265 SF medical office building in Oak Ridge, Anderson County.
    • Single‑tenant occupancy.
    • Newly renovated with updated interior.
    • Features reception area, three offices, storage, and breakroom.
    • Includes an enclosed outdoor break area and front door parking.
    • Available January 1, 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Atomic City Family ... Dental Office Samantha Hutton-Metheney Marriage Or Relationship Counselor Dr. Sarah (Sally) ... Physician Dr. Justin Dinsmore Dental Office David Honald Childers 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.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.242344636133
    Latitude
    36.020839186092

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    FAQs

    What type of property is this?
    Medical office - Newly renovated, 1265 sq ft medical office.
    Where is this medical office located?
    The property is located at 150 Division Rd Oak Ridge, TN.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: 1,265 SF medical office building in Oak Ridge, Anderson County.; Single-tenant occupancy.; Newly renovated with updated interior.
    Request Owner's contact information
    150 Division Rd Oak Ridge, TN 37830
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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.

    More about this property
    150 Division Rd Oak Ridge, TN 37830
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    Listing Contact
    John Haney
    John Haney
    Real Estate License ID: 314412
    Learn more
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