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Property profile & analytics
OFF-MARKET
Estimated value
$655,000
Auto shops
101 Illinois Ave Oak Ridge, TN 37830-6202
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US80-3481058
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1987
Construction
FRAME
Total area
20,360 SF
Lot
2.26 ac (98,446 SF)
Zoning code
UB2
APN
001099N B 01100
UPID
US80-3481058
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Electric Vehicle Charging Station Electric Vehicle Charging Station
-
Nissan Service Department Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$842k
Blend (final)
Blend
$655k
Owner & transaction history
East Tennessee R/e Invs LLC · 19 yrs held
East Tennessee R/e Invs LLC
since 2007
3 recorded transactions
Zoning & alternative use
UB2 · Oak Ridge, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$770,000
+26.1%
Industrial (general)
$655,000
+7.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Oak Ridge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Oak Ridge submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$610,000
Current use
APARTMENT HOUSE (5+ UNITS)
$770,000
Change: +26% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$655,000
Change: +7% · Conversion: Easy
WAREHOUSE, STORAGE
$565,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$32 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Property tax & assessments
Assessed value
$615,560
Assessed 2023
Previous assessed
$615,560
+0.0% YoY
Assessed land
$291,920
Assessed improvement
$323,640
Land market value
$729,800
Improvement market value
$809,100
Total market value
$1,538,900
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
5
Total area
20,360 SF
Lot
2.26 ac (98,446 SF)
Zoning code
UB2
APN
001099N B 01100
UPID
US80-3481058
Jurisdiction
ANDERSON
Zoning & alternative use
UB2 · Oak Ridge, TN
Zoning UB2 · permitted uses
UB2 · Oak Ridge, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Oak Ridge. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$770,000
INDUSTRIAL (GENERAL)
Est. value
$655,000
WAREHOUSE, STORAGE
Est. value
$565,000
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
YES
Stories
1
Units
1
Rooms
1
Bathrooms
5
Lot
2.26 ac
Current owner
From public records · entity-resolved
East Tennessee R/e Invs LLC
Entity
Mailing address
1549 OAK RDG TPKE, OAK RIDGE, TN 37830-6208
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2007
$5,300,000
East Tennessee R/e Invs LLC
Newton,herb J
Warranty Deed
$4,700,000 · Nissan Motor Acceptance Corp
—
—
East Tennessee R & E Invs LLC
—
Deed Of Trust
related
$4,000,000 · Nissan Motor Acceptance Corp
—
—
East Tennessee R & E Invs LLC
—
Deed Of Trust
related
$4,400,000 · Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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