Property profile

401 Illinois Ave Oak Ridge, TN 37830

OFF-MARKET
Retail space
Property ID
US80-1126913
4,063 SF 0.43 ac lot Built 1977
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,063 SF
Lot 0.43 ac (18,731 SF)
Zoning code B3
APN 001099G A 04800
UPID US80-1126913

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Food Market Farmer's Market
  • Bank Loan Service

Location

401 Illinois Ave Oak Ridge, TN 37830-7510
Oak Ridge metro Census 20202 KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
by Request
Comparable Approach Comparable
$386k
Blend (final) Blend
$510k

Owner & transaction history

since 2020
Last sale
$590,000
2 recorded transactions
2020
$590,000
2011
$570,000

Zoning & alternative use

B3 · Oak Ridge, TN
Top alternative use upside
Commercial (general) $585,000 +42.1%

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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