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Property profile & analytics
OFF-MARKET
Retail space
170 Oak Rdg Tpke, Oak Ridge, TN 37830-7256
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-3498595
Property summary
AI-generated overview
This exceptional 1.22-acre commercial land parcel, located at 170 Oak Ridge Turnpike in Oak Ridge, Tennessee (APN: 094F B 062.00), presents a compelling investment opportunity. Zoned UB-2, this flat, table-top site boasts highway frontage and enjoys exceptional visibility due to daily traffic counts exceeding 20,000 vehicles. All utilities are readily available on-site, simplifying development plans. A completed survey is included with the sale, streamlining the due diligence process. The asking price is $279,000, translating to a land value of $228,689 per acre. The property's prime location offers numerous potential uses, capitalizing on the strong local demographics, including average household incomes exceeding $80,000. This is an ideal site for businesses seeking high visibility and convenient access to a substantial customer base. The property is owned by Chris Lane and lease options are not available. This is a rare opportunity to acquire a well-situated commercial land parcel in a thriving Tennessee community. Serious inquiries only.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
6,676 SF
Lot
1.55 ac (67,518 SF)
Zoning code
R1C
APN
001094F B 06300
UPID
US80-3498595
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
-
Pattersons Home Appliances Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Steven L Patterson · 2 yrs held
Steven L Patterson
since 2024
Last sale
$379,000
4 recorded transactions
Zoning & alternative use
R1C · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$165,800
Assessed 2023
Previous assessed
$165,800
+0.0% YoY
Assessed land
$63,760
Assessed improvement
$102,040
Land market value
$159,400
Improvement market value
$255,100
Total market value
$414,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
YES
Stories
1
Units
1
Rooms
3
Bathrooms
4
Total area
6,676 SF
Lot
1.55 ac (67,518 SF)
Zoning code
R1C
APN
001094F B 06300
UPID
US80-3498595
Jurisdiction
ANDERSON
Zoning & alternative use
R1C · Oak Ridge, TN
Zoning R1C · permitted uses
R1C · 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
1993
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
YES
Cooling
Yes
Stories
1
Units
1
Rooms
3
Bathrooms
4
Lot
1.55 ac
Current owner
From public records · entity-resolved
Steven L Patterson
Individual
Mailing address
PO BOX 178, KINGSTON, TN 37763-0178
Ownership since
2024
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
Jun 3, 2024
—
Steven L Patterson
Steven L Patterson
Intrafamily Transfer
related
—
Apr 28, 2014
$379,000
Steven L Patterson
C L Lamb Family LP
Warranty Deed
—
Mar 16, 2005
$367,000
Lamb Family
Rosenberg Louis Trust
Warranty Deed
—
—
—
Lamb Family LP
—
Deed Of Trust
related
$320,000 · Community Trust Bank NA
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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