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    Commerce Park Dr Oak Ridge, TN 37830

    Sponsored
    For Sale
    $1,012,500

    13.5-acre commercial/industrial lot

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 13.5-acre parcel, located in Oak Ridge, Tennessee (Commerce Park Drive, zip code 37830), presents a unique investment opportunity. Zoned I-2, this level, clay-soiled lot boasts convenient access to major thoroughfares including Illinois Avenue and Pellissippi Parkway, providing easy commutes to West Knoxville and McGhee Tyson Airport via I-140. Its prime location offers close proximity to Oak Ridge National Laboratory, Y-12 Laboratory, and the Spallation Neutron Source, ensuring high visibility and strong potential for development. The property features readily available utilities including electric, water, gas, sewer, storm drain, and cable. A significant advantage is the availability of 2MW of power. The seller is open to build-to-suit options, adding further flexibility for potential buyers. Detailed zoning information is available upon request. The lot size is potentially subdividable, offering versatility for various development scenarios. This property represents a compelling opportunity for industrial or commercial development in a thriving, strategically located area. The asking price is $1,012,500, with a land value of $75,000 per square foot. The largest nearby street is S. Illinois Ave. Paved roads provide excellent accessibility.

    Property Features for 0 Commerce Park Dr

    General Information

    Property type
    Land
    Lot Size
    272,250 SF

    HighLights

    • IND‑2 Zoning.
    • Small‑scale market.
    • Paved road access.
    • High property visibility.
    • Fronts S. Illinois Ave.
    • Level topography.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

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

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    FAQs

    What type of property is this?
    Land - 13.5-acre commercial/industrial lot
    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 $1,012,500.
    What are key features of this property?
    This property features: IND-2 Zoning.; Small-scale market.; Paved road access.
    Request Owner's contact information
    Commerce Park Dr Oak Ridge, TN 37830
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    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
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