Historic Building Near Medical
908 Oak Ridge Turnpike, Oak Ridge, TN
Historic 2,688 SF building ideal for medical or retail use.
Type:OFFICE
Property size:
2,688 SFLot size:
0.50 AcresPrice / SF:
$146/SF- Added:
- Oct 28, 2025
- Days on Market:
- 202
- Last Refresh:
- Apr 5 at 8:34 pm
Property Features for 908 Oak Ridge Turnpike
General Information
- Standard status
- Active
- Size
- 2,688 SF
- Lot size
- 0.50 Acres
- Property subtype
- OFFICE
Listing agent Charles Stallings License #368338 (865) 705-3423
Listing office Wallace Commercial (865) 705-3423
Listing date Oct 28, 2025
Source Moodyscre
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 Wallace Commercial
HighLights
- High‑traffic location on Oak Ridge Turnpike (24,626 vehicles/day).
- Proximity to Oak Ridge Methodist Medical Center.
- Adaptable for medical, service, or retail businesses.
- Building size: 2,688 SF on .5 acres.
- Historic significance as a former Manhattan Project building.
- Previously used as an office for the American Red Cross.
Overview
This historic brick building, originally constructed by the Army Corps of Engineers as the Housing Administration Building for the Manhattan Project, offers 2,688 square feet of space on a 0.5-acre lot. Previously used as an office for the American Red Cross, the property is located on Oak Ridge Turnpike, benefiting from a high average daily traffic count of 24,626 vehicles as of 2024. Its location bordering Oak Ridge Methodist Medical Center makes it suitable for a medical practice, dentist office, or other service-based business seeking high visibility near a busy traffic center. The building can also be adapted for retail use, such as a coffee shop, small restaurant, or other small retail business.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$395.1K
NOI $35,562 @ 9.00% cap · cautious / downside scenario
Moderate
$508.0K
NOI $35,562 @ 7.00% cap · market / base-case scenario
Aggressive
$711.2K
NOI $35,562 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.4k | $21.00 |
| − Vacancy | −$9.0k | −$3.36 |
| EGI | $47.4k | $17.64 |
| − OpEx | −$11.9k | −$4.41 |
| NOI | $35.6k | $13.23 |
2,688 SF · lease $21.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$508.0K
$444.5K – $592.7K
NOI $35,562 @ 7.0% cap · market cap 9.00%
Second Best
Healthcare Medical
$488.5K
$427.5K – $570.0K
NOI $34,198 @ 7.0% cap · market cap 8.66%
Theoretical Best
Office A
$665.8K
$582.5K – $776.7K
NOI $46,603 @ 7.0% cap · market cap 11.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Oak Ridge
- County
- Anderson
- State
- Tennessee
- Longitude
- -84.2408
- Latitude
- 36.0256
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Historic 2,688 SF building ideal for medical or retail use.
Where is this medical office space located?
The property is located at 908 Oak Ridge Turnpike Oak Ridge, TN.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: High‑traffic location on Oak Ridge Turnpike (24,626 vehicles/day).; Proximity to Oak Ridge Methodist Medical Center.; Adaptable for medical, service, or retail businesses.
