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    Property profile & analytics

    380 W Outer Dr Oak Ridge, TN 37830

    • Commercial real estate
    For Sale
    View listing
    $359,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1811907
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 380 W Outer Dr

    Year built
    1943
    Property type
    Commercial real estate

    Description

    This beautifully remodeled duplex in Oak Ridge, Tennessee, presents a compelling investment opportunity. Located at 380 W Outer Dr, 37830, this 1943-built property offers two distinct units within a single building. Unit 380 features three spacious bedrooms and one and a half bathrooms, while Unit 382 provides two cozy bedrooms and one bathroom. Both units boast elegant hardwood floors and modern tile throughout, showcasing updated kitchens and bathrooms that blend style and functionality. Each unit includes a private deck, ideal for outdoor relaxation. The property also features a large, fenced backyard, providing ample space for outdoor activities. Current tenants are responsible for all utilities, minimizing management concerns. Projected net annual income is $31,000 (financial statement available, excluding October, November, and December data). Owner financing is available. This turnkey property is situated in a desirable Oak Ridge location, making it an attractive investment for both seasoned and new investors. The property is classified as a multifamily apartment building.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oak Ridge
    County
    Anderson
    State
    Tennessee
    Longitude
    -84.2666565
    Latitude
    36.0254305

    Comparable in this City

    • New
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      Oak Ridge Duplex Investment Opportunity

      Duplex in Oak Ridge with income potential and convenient location.
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    • $309,900

      Profitable Duplex on Large Lot

      Updated duplex with rental income potential near Knoxville and Oak Ridge.
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    • $359,000
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      Updated Duplex in Oak Ridge

      Updated duplex with steady rental income and separate utilities.
      380 W Outer Dr, Oak Ridge, TN 37830
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    • New
      $320,000
      1,425 SF

      Oak Ridge Duplex Investment Opportunity

      Well-maintained duplex in Oak Ridge with tenant in place.
      617 W Outer Dr, Oak Ridge, TN 37830
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    • $3,450,000
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      Oak Ridge Multifamily Investment Portfolio

      Multifamily investment portfolio in Oak Ridge, Tennessee with value-add opportunity.
      140 Tacoma Rd, Oak Ridge, TN 37830
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    • New
      $294,000
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      Oak Ridge Duplex Investment Property

      Income-producing duplex in Oak Ridge with two rented units.
      100/102 Howard Ln, Oak Ridge, TN 37830
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    Similar Nearby for Sale

    • $309,900

      Profitable Duplex on Large Lot

      Updated duplex with rental income potential near Knoxville and Oak Ridge.
      178180 Hillside Rd, Oak Ridge, TN 37830
      View Details
    • $359,000
      2,119 SF

      Updated Duplex in Oak Ridge

      Updated duplex with steady rental income and separate utilities.
      380 W Outer Dr, Oak Ridge, TN 37830
      View Details
    • New
      $320,000
      1,425 SF

      Oak Ridge Duplex Investment Opportunity

      Well-maintained duplex in Oak Ridge with tenant in place.
      617 W Outer Dr, Oak Ridge, TN 37830
      View Details
    • $3,450,000
      14,706 SF

      Oak Ridge Multifamily Investment Portfolio

      Multifamily investment portfolio in Oak Ridge, Tennessee with value-add opportunity.
      140 Tacoma Rd, Oak Ridge, TN 37830
      View Details
    • New
      $294,000
      1,225 SF

      Oak Ridge Duplex Investment Property

      Income-producing duplex in Oak Ridge with two rented units.
      100/102 Howard Ln, Oak Ridge, TN 37830
      View Details
    • New
      $320,000
      1,425 SF

      Oak Ridge Duplex Investment Opportunity

      Duplex in Oak Ridge with income potential and convenient location.
      558/560 W Outer Dr, Oak Ridge, TN 37830
      View Details

    Similar Nearby for Lease

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      Oak Ridge Industrial Warehouse For Lease

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    • Contact for pricing
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      Available Industrial Space Near Lake

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      Historic 2,688 SF building ideal for medical or retail use.
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      Available Office Space for Lease

      Office spaces available for lease in Oak Ridge, Tennessee.
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      Oak Ridge Professional Office Space

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    Oak Ridge, TN 37830
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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