Oak Ridge Retail
For Sale
Contact for pricing
Oak Ridge Turnpike, Oak Ridge, TN 37830
Retail spaces available in high-traffic Oak Ridge shopping center.
Property Size81,536 SF
Price / SF$0.00
Days on Market341
Property Features for Oak Ridge Turnpike
General Information
Standard status
Active
Size
81,536 SF
Property subtype
Retail
Lease Term
NNN
Building Details
Building Size
81,536 SF
Properties For Sale
at Oak Ridge Turnpike Contact us1145 Oak Ridge Turnpike
Size
2,275 SF
Term
Negotiable
1155 Oak Ridge Turnpike
Size
1,026 SF
Type
Street Retail
Term
Negotiable
Listing Agency:
NAI Koella | RM Moore
Listed By:
Michelle Gibbs · License #249165
(865) 228-4264
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Oct 26
Last Checked: Oct 26 at 12:58PM
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 NAI Koella | RM Moore
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Investment Insights
Based on property information with market context.
Located on Oak Ridge Turnpike, Manhattan Place Shopping Center offers retail spaces within a high-traffic area. The center is anchored by tenants such as Food City Grocery, Gas N' Go, Ross the Boss, H&R Block, and Boost Mobile. Available units include a 975-square-foot space and a 1,026-square-foot space. The property features surface parking, landscaping with shrubs, flowers, and trees, and well-maintained exteriors, including a newly painted facade. The location provides convenient access to Oak Ridge Turnpike and proximity to Oak Ridge High School, Methodist Medical, and the Oak Ridge City Center. The property benefits from high daily traffic counts and is suited for various business uses.
Key Highlights
- High traffic location on Oak Ridge Turnpike
- Strong anchor tenants including Food City Grocery and Ross the Boss
- Abundant surface parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,171,183
Suggested Prices Based on Cap Rates
Cap Rate 5%
$23,423,660
$23.4M
Cap Rate 7%
$16,731,186
$16.7M
Cap Rate 9%
$13,013,144
$13.0M
Market Conditions
NOI Build-Up for 81,536 SF
Gross rent
$1.76M $21.60/SF
− Vacancy
−$88.1K −$1.08/SF
EGI
$1.67M $20.52/SF
− OpEx
−$501.9K −$6.16/SF
NOI
$1.17M $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%
$23,423,660
Cap Rate 7%
$16,731,186
Cap Rate 9%
$13,013,144
Alternative Uses
Best Use
Retail
$16.73M
$14.64M – $19.52M
NOI $1,171,183 @ 7.0% cap · market cap 6,164,121.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.19M
$17.67M – $23.56M
NOI $1,413,639 @ 7.0% cap · market cap 7,440,205.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - Retail spaces available in high-traffic Oak Ridge shopping center.
Where is this shopping center located?
The property is located at Oak Ridge Turnpike Oak Ridge, TN.
What are key features of this property?
This property features: High traffic location on Oak Ridge Turnpike; Strong anchor tenants including Food City Grocery and Ross the Boss; Abundant surface parking
