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    1143 Oak Ridge Tpke Oak Ridge, TN 37830

    Sponsored
    For Sale
    $387,000

    Prime Oak Ridge location, high-end office suite.

    Property size:
    1,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,720 square foot executive office condo, located at 1143 Oak Ridge Turnpike, Unit 105, Oak Ridge, TN 37830, presents a unique investment opportunity. Priced at $387,000 ($225/sq ft), this single-unit property boasts a prime location in the heart of Oak Ridge's retail district, benefiting from high visibility and significant foot traffic. Built in 2006, this two-story building offers ample natural light from large storefront windows and convenient elevator access to the second-level office suites. The property is zoned for commercial use (APN: 001100H A 00500) and features a desirable high-end commercial retail condo design. Its strategic placement within the city's retail triangle ensures excellent exposure to both local businesses and residents. The property is situated next to Home Federal Bank and benefits from the established presence of successful national and local tenants in the surrounding area. This turnkey solution allows for immediate occupancy and the potential to modify the suite to perfectly suit your business needs. The lease commenced on August 26, 2022. This is an ideal opportunity for businesses seeking to transition from renting to owning their commercial space.

    Property Features for 1143 Oak Ridge Tpke

    General Information

    Property type
    Retail properties
    Square Feet
    1,720 SF

    Building Details

    Year Built
    2006
    Buildings
    1
    Stories
    2
    Units
    1

    HighLights

    • $387,000 asking price for this executive office condo.
    • 1,720 square feet of net rentable space in a single‑unit building.
    • Located at 1143 Oak Ridge Turnpike, Unit 105, Oak Ridge, TN 37830.
    • $225 per square foot price.
    • Built in 2006, this two‑story building sits on a commercially zoned lot (APN: 001100H A 00500).
    Property Profile Location Intelligence

    Current Use by Public Records

    5th & Nine CBD/Hemp Health And Beauty Shop The UPS Store Shipping And Mailing Service allintohealthgoal Pharmacy FDPins Jewelry Designer East Tennessee Orthodontics Orthodontist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.2469836
    Latitude
    36.0188943

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    FAQs

    What type of property is this?
    Retail property - Prime Oak Ridge location, high-end office suite.
    Where is this retail 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 $387,000.
    What are key features of this property?
    This property features: $387,000 asking price for this executive office condo.; 1,720 square feet of net rentable space in a single-unit building.; Located at 1143 Oak Ridge Turnpike, Unit 105, Oak Ridge, TN 37830.
    Request Owner's contact information
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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
    1143 Oak Ridge Tpke Oak Ridge, TN 37830
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