Property profile

1980 Oak Rdg Tpke Oak Ridge, TN 37830

OFF-MARKET
Retail space
Property ID
US80-1141992
3,488 SF 0.69 ac lot Built 1969
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a freestanding commercial retail building totaling approximately 3,200 square feet, built on a 0.69-acre site, and includes a drive-thru and a former bank-branch configuration. It is located on Oak Ridge Turnpike with road frontage and visibility along the corridor. The site and building layout are suitable for a range of commercial uses, including restaurant service with drive-thru operations, retail, office use, or financial services such as a bank or credit union, as well as coffee shop or similar businesses. The property is positioned near a Department of Homeland Security training complex and dense residential areas, with traffic volumes reported as averaging more than 21,000 vehicles per day in West Oak Ridge.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,488 SF
Lot 0.69 ac (30,056 SF)
Zoning code B2
APN 001105A B 01800
UPID US80-1141992

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1980 Oak Rdg Tpke Oak Ridge, TN 37830-6001
Oak Ridge metro Census 20500 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$240k

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B2 · Oak Ridge, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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