150 Division RdOak Ridge, TN 37830

Property Details for 150 Division Rd

Year built

1977

Lot size

0.18 AC

Property size (Sq ft)

1,284 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

001100A C 03500 003

APU

001100AC03500003

Description

This newly renovated 1,265 square foot medical office space is ideally situated in Oak Ridge's Professional Village, a thriving hub of medical and dental practices. The property features a spacious entryway and reception/work area, perfect for patient interaction. Three private offices provide ample space for consultations or individual work, complemented by convenient storage and a dedicated breakroom. An added benefit is an enclosed outdoor break area, offering a pleasant respite. The building offers convenient front door parking, a significant advantage for both staff and clients. Previously used as a medical office, this versatile space is suitable for a variety of professional uses. The property is available for occupancy beginning January 1, 2025. Located in Anderson County, this single-tenant space presents a unique opportunity for a medical practice or other professional business seeking a well-maintained and conveniently located office in a thriving professional community. The comprehensive renovation ensures a move-in ready space, minimizing upfront costs and maximizing immediate productivity. The combination of location, amenities, and recent updates makes this property a highly desirable option.

• CAP approach

  CAP return

  Valuation

  6%

  $224,323

  6.5%

  $207,067

  7%

  $192,277

• Comparable approach

  Method

  Valuation

  Relative Method

  $221,909

  Geo Method

  $250,457

• Alternative Use

  Use

  Valuation

  Residential

  $256,763

  Hospitality

  $235,194

  Educational

  $195,678

  Medical

  $202,408

  Retail

  $304,389

Location Insight

City

Oak Ridge

County

Anderson

State

Tennessee

Latitude

36.0205

Longitude

-84.2427

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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