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Property profile & analytics
FOR LEASE
Retail space

1291 Oak Ridge Tpke Oak Ridge, TN 37830

4,156 SF 0.71 ac lot Built 2011
Individually Owned 13-yr Hold ~ Est. High Equity
Property ID
US80-3474289
Property summary
AI-generated overview

This exceptional Class A retail property, located at 1291 Oak Ridge Turnpike in Oak Ridge, Tennessee, offers a prime opportunity for businesses seeking high visibility and strong foot traffic. The 4,000 square foot, single-story building, constructed in 2011, sits on a 0.71-acre lot (30,928 square feet) and boasts excellent ingress and egress at a signalized intersection. Currently, 2,000 square feet of retail space is available for lease within this multiple-tenancy building. The property enjoys a highly desirable location adjacent to Walgreens and CVS, and in close proximity to major retailers such as Walmart Supercenter, JC Penney, Belk, TJ Maxx, Dick's Sporting Goods, PetSmart, Ulta Beauty, and Starbucks, ensuring significant exposure to a large customer base. The site benefits from ample parking (38 spaces, a ratio of 9.27 per 1000 square feet) and high visibility due to its placement in front of a high-traffic area averaging 27,820 cars daily. The available space is divisible, offering flexibility for potential tenants. The property's address is 1291 Oak Ridge Turnpike, with a cross street of E. Main Street, and its APN is 02-099L-A-099L-00500.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2011
Total area 4,156 SF
Lot 0.71 ac (30,928 SF)
APN 001099L A 00500
UPID US80-3474289
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
  • AT&T Store Mobile Phone Store Electronics & Wireless Store
  • AT&T - Internet Service Provider Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$599k
Blend (final) Blend
$565k
Owner & transaction history
Oakatt Ptshp · 13 yrs held
Oakatt Ptshp
since 2012
7 recorded transactions
2012
$2.3M
2011
$675,000
2011
$650,000
2009
$950,000
2006
$1.8M
2003
$586,500
2001
$829,597
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $595,000 +42.1%
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