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Property profile & analytics
OFF-MARKET
Estimated value
$2,730,000
Office Spaces
101 Midway Ln Oak Ridge, TN 37830-7998
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1454843
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1961
Construction
FRAME
Total area
8,104 SF
Lot
1.06 ac (46,174 SF)
Zoning code
IND-1
APN
001106A C 01800
UPID
US80-1454843
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
-
Federal Bureau-Investigation Law Firm Security Service
-
GET-NSA, LLC Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.92M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.96M
Blend (final)
Blend
$2.73M
Owner & transaction history
Melrose Tennessee Holdings LLC · 3 yrs held
Melrose Tennessee Holdings LLC
since 2022
Last sale
$2.6M
4 recorded transactions
Zoning & alternative use
IND-1 · Oak Ridge, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$2,760,000
ML approach
$2,920,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.73M
Range $2.46M – $3.00M · ±10% · vs last sale $2.62M (Sep 13 2022)
Last sale anchor
$2.62M
Sep 13 2022
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
$337 / 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
$363,360
Assessed 2023
Previous assessed
$363,360
+0.0% YoY
Assessed land
$18,800
Assessed improvement
$344,560
Land market value
$47,000
Improvement market value
$861,400
Total market value
$908,400
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1961
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Units
1
Rooms
16
Bathrooms
8
Total area
8,104 SF
Lot
1.06 ac (46,174 SF)
Zoning code
IND-1
APN
001106A C 01800
UPID
US80-1454843
Jurisdiction
ANDERSON
Zoning & alternative use
IND-1 · Oak Ridge, TN
Zoning IND-1 · permitted uses
IND-1 · 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.
Building & site characteristics
From public records
Year built
1961
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Units
1
Rooms
16
Bathrooms
8
Lot
1.06 ac
Current owner
From public records · entity-resolved
Melrose Tennessee Holdings LLC
Entity
Mailing address
255 N PETERS RD STE #101, KNOXVILLE, TN 37923-4920
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2022
$2,616,828
Melrose Tennessee Holdings LLC
R&r Enterprises
Special Warranty Deed
$10,500,000 · Wells Fargo Bank NA
Apr 4, 2018
$1,453,316
R & R Ents
R & R Properties Of Tennessee LLC
Grant Deed
related
—
Feb 12, 2018
—
R & R Properties Of Tennessee LLC
Chinn,richard G & Shirley A
Quit Claim Deed
related
—
Feb 12, 2018
$1,453,316
R & R Ents
R & R Properties Of Tennessee LLC
Warranty Deed
related
—
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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