Retail/Office Condo in Oak
For Sale
Contact for pricing
Pending
1143 Oak Ridge Turnpike Unit 105, Oak Ridge, TN 37830
High-end commercial condo in central Oak Ridge retail area.
Property Size1,720 SF
Days on Market1499
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 1143 Oak Ridge Turnpike Unit 105
General Information
Standard status
Pending
Size
1,720 SF
Property subtype
Office, Retail
Zoning
Commercial
Building Details
Year Built
2006
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Mike Fuller Realty & Company
Listed By:
Michael Fuller · License #249198
(865) 909-7471
Source:
Crexi
Added: Sep 8, 2022
Changed: Oct 10
Last Checked: Oct 14 at 9:28PM
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 Mike Fuller Realty & Company
Investment Insights
Based on property information with market context.
This high-end Class "A" commercial condo is available for sale as a long-term net-leased investment. Located in the center of the retail triangle in the city of Oak Ridge, the property benefits from its prime retail/office location. The unit features large storefront windows providing tons of natural light. Great signage opportunities are available, and there is direct elevator access to the 2nd level office suites. The property is situated next to Central Park Retail, near Home Federal Bank, and is anchored by tenants such as Firehouse Subs, UPS, Prestige Dry Cleaners, and Oak Ridge Eye, which draws consistent traffic. The property size is 1720 square feet.
Key Highlights
- Prime retail/office location in the center of Oak Ridge's retail triangle.
- High‑end Class "A" commercial office condo.
- Long‑term net‑leased investment opportunity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,706
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,120
$494.1K
Cap Rate 7%
$352,943
$352.9K
Cap Rate 9%
$274,511
$274.5K
Market Conditions
NOI Build-Up for 1,720 SF
Gross rent
$37.2K $21.60/SF
− Vacancy
−$1.9K −$1.08/SF
EGI
$35.3K $20.52/SF
− OpEx
−$10.6K −$6.16/SF
NOI
$24.7K $14.36/SF
Area
Anderson County, TN
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,120
Cap Rate 7%
$352,943
Cap Rate 9%
$274,511
Alternative Uses
Best Use
Retail
$352.9K
$308.8K – $411.8K
NOI $24,706 @ 7.0% cap · market cap 6.38%
Second Best
Office B
$325.1K
$284.5K – $379.3K
NOI $22,756 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$426.0K
$372.8K – $497.0K
NOI $29,821 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,287
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Retail space - High-end commercial condo in central Oak Ridge retail area.
Where is this retail space located?
The property is located at 1143 Oak Ridge Turnpike Unit 105 Oak Ridge, TN.
What is the asking price?
The asking price for this property is $387,000.
What are key features of this property?
This property features: Prime retail/office location in the center of Oak Ridge's retail triangle.; High‑end Class "A" commercial office condo.; Long‑term net‑leased investment opportunity.
