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    1143 Oak Ridge Tpke Oak Ridge, TN 37830

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    For Sale
    Contact for pricing

    Prime Oak Ridge retail space, owner-user opportunity.

    Property size:
    1,480 SF

    Property Features for 1143 Oak Ridge Tpke

    General Information

    Property type
    Mixed-use properties
    Square Feet
    1,480 SF
    Class
    A

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Michael Fuller
    Michael Fuller

    Listing Agency: Mike Fuller Realty & Company Listing Agent: Michael Fuller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional Class A commercial condo, located at 1143 Oak Ridge Turnpike, Unit 212, Oak Ridge, TN 37830, presents a rare owner-user opportunity. The 1,480 square foot space is situated in a well-established development anchored by successful national tenants, ensuring high visibility and convenient access. Built in 2006, this two-story building offers a single tenancy unit, ideal for a variety of retail or mixed-use businesses. The asking price is $229,400, translating to $155 per square foot. The property boasts a prime location in Oak Ridge, Tennessee, within Anderson County, and features excellent visibility. The current owner is offering three financing options to facilitate a smooth transition to ownership. Furthermore, the seller is willing to customize the suite to meet the buyer's specific build-out requirements, providing flexibility and adaptability for your business needs. This is an unparalleled chance to own your commercial space in a thriving location, offering both immediate occupancy and long-term growth potential. The property's APN is 001100H A 00500.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    5th & Nine CBD/Hemp (Bike/Boat/Book/etc) Store The UPS Store Courier Service allintohealthgoal Pharmacy FDPins (Bike/Boat/Book/etc) Store East Tennessee Orthodontics Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.2468949
    Latitude
    36.0189444

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Oak Ridge retail space, owner-user opportunity.
    Where is this mixed-use property located?
    The property is located at 1143 Oak Ridge Tpke Oak Ridge, TN.
    What is the asking price?
    The asking price for this property is $229,400.
    What are key features of this property?
    This property features: $229,400 asking price.; 1,480 SF retail/mixed-use condo.; Class A property in Oak Ridge, TN.
    (865) 909-7471 Call to check price and availability
    Request Owner's contact information
    1143 Oak Ridge Tpke 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
    1143 Oak Ridge Tpke Oak Ridge, TN 37830
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Fuller
    Michael Fuller
    (865) 909-7471 (865) 740-7471
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