Retail/Office Condo in Oak
1143 Oak Ridge Turnpike Unit 105 Oak Ridge, TN 37830
1143 Oak Ridge Turnpike Unit 105, Oak Ridge, TN, 37830
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For Sale
Contact for pricing
High-end commercial condo in central Oak Ridge retail area.
Property Size1,720 SF
Price / SF$225
Days on Market1409
Property Features for 1143 Oak Ridge Turnpike Unit 105
General Information
- Standard status
- Active
- Size
- 1,720 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 2006
Listing Agency
Mike Fuller Realty & Company
(865) 909-7471
Listed by
Michael Fuller · License #249198
Source
Crexi
Added: Sep 8, 2022 Checked: Jul 17 at 4:23 am
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $21.60 |
| − Vacancy | −$1.9k | −$1.08 |
| EGI | $35.3k | $20.52 |
| − OpEx | −$10.6k | −$6.16 |
| NOI | $24.7k | $14.36 |
1,720 SF · lease $21.60/SF/yr · vacancy 5.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
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
Similar For Sale Nearby
FAQs
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.
