Industrial Machine Shop &
For Sale
Contact for pricing
9208 & 9210 Oak Ridge Hwy, Oak Ridge, TN 37830
Two adjoining buildings offer office rooms, a kitchen, and warehouse space suited for machine work or auto repair.
Property Size3,844 SF
Lot Size0.50 Acres
Price / SF$101.46
Days on Market100
Property Features for 9208 & 9210 Oak Ridge Hwy
General Information
Standard status
Active
Size
3,844 SF
Class
C
Lot size
0.50 Acres
Property subtype
Retail, Office, Industrial
Additional Details
Highway Access
Yes
Drive-In Doors
1
Building Details
Year Built
1965
Buildings
1
Stories
1
Listing Agency:
Wallace Commercial
Listed By:
Charles Stallings · License #368338
(865) 690-1111
Source:
Crexi
Added: Jun 1
Changed: Sep 5
Last Checked: Sep 8 at 3:38AM
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
Investment Insights
Based on property information with market context.
The property for sale includes two adjoining parcels with an industrial building previously used for manufacturing machine parts and a manufactured building formerly used as office space and storage. The office portion has six rooms that can be used as offices, along with a kitchen. The warehouse building on one parcel totals 2,248 SF and the manufactured building totals 1,596 SF, with the buildings sitting on separate lots. The site includes additional parking behind the warehouse and a single roll-up door that supports practical loading and access for shop operations.
The property is located at 9208 & 9210 Oak Ridge Hwy in Oak Ridge, Tennessee. It is configured as a combined industrial and office setup across the two parcels, allowing for flexible use of the warehouse and the interior room layout.
This configuration is well matched for tenants or buyers looking for an owner-operator style environment, such as a machine shop or an auto repair shop. The combination of shop-ready warehouse access, dedicated office rooms, and on-site parking can support day-to-day operations, customer-facing work areas, and administrative needs in the same footprint.
The property is located at 9208 & 9210 Oak Ridge Hwy in Oak Ridge, Tennessee. It is configured as a combined industrial and office setup across the two parcels, allowing for flexible use of the warehouse and the interior room layout.
This configuration is well matched for tenants or buyers looking for an owner-operator style environment, such as a machine shop or an auto repair shop. The combination of shop-ready warehouse access, dedicated office rooms, and on-site parking can support day-to-day operations, customer-facing work areas, and administrative needs in the same footprint.
Key Highlights
- Two adjoining parcels with industrial/machine‑work buildings: warehouse and manufactured building
- Warehouse building (Parcel 076JA025) is 2,248 SF on 0.3 acres with 1 roll‑up door
- Manufactured building (Parcel 076JA024) is 1,596 SF on 0.2 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,461
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.58%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$669,220
$669.2K
Cap Rate 7%
$478,014
$478.0K
Cap Rate 9%
$371,789
$371.8K
Market Conditions
NOI Build-Up for 3,844 SF
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.
Gross rent
$55.4K $14.40/SF
− Vacancy
−$3.9K −$1.01/SF
EGI
$51.5K $13.39/SF
− OpEx
−$18.0K −$4.69/SF
NOI
$33.5K $8.70/SF
Area
Anderson County, TN
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$669,220
Cap Rate 7%
$478,014
Cap Rate 9%
$371,789
Alternative Uses
Best Use
Flex RnD
$478.0K
$418.3K – $557.7K
NOI $33,461 @ 7.0% cap · market cap 8.58%
Second Best
Warehouse
$476.4K
$416.8K – $555.8K
NOI $33,347 @ 7.0% cap · market cap 8.55%
Theoretical Best
Office A
$952.1K
$833.1K – $1.11M
NOI $66,646 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37830, TN
31,839
Population
15,110
Households
2.1
Avg Household Size
42
Median Age
39%
College-Educated
91%
High-School Grad
84.8 sq mi
ZIP Area
375
Density / Sq Mi
$70,795
Median Household Income
$41,293
Median Earnings
$1,076
Median Rent
$234,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two adjoining buildings offer office rooms, a kitchen, and warehouse space suited for machine work or auto repair.
Where is this flex space located?
The property is located at 9208 & 9210 Oak Ridge Hwy Oak Ridge, TN.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: Two adjoining parcels with industrial/machine‑work buildings: warehouse and manufactured building; Warehouse building (Parcel 076JA025) is 2,248 SF on 0.3 acres with 1 roll‑up door; Manufactured building (Parcel 076JA024) is 1,596 SF on 0.2 acres
