1006 Floyd Culler CtOak Ridge, TN 37830

Property Details for 1006 Floyd Culler Ct

Year built

1992

Construction

FRAME

Lot size

4.56 AC

Property size (Sq ft)

30,078 SF

Property type

Office properties

Property subtype

Other office properties

APN

001111G A 00600

APU

001111GA00600

Description

This exceptional 35,000-square-foot flex space in Oak Ridge, Tennessee, presents a unique investment opportunity. Situated on a 4.69-acre lot at 1006 Floyd Culler Ct (Floyd Culler Ct and Alvin Weinberg Drive), this Class C building offers a blend of office and light industrial space, ideal for a variety of businesses. Built in 1992 and featuring two stories with 24-foot ceilings, the property includes approximately 3,000 square feet of warehouse space with a roll-up door. The layout is designed for efficiency and employee comfort, boasting over 50 private offices, three conference rooms, a break room, and restrooms and shower facilities on both floors. The property is zoned IND-2, allowing for diverse uses. Recent improvements include a 2017 parking lot expansion, significant roof upgrades in 2022, and a fresh exterior paint job in 2022. Its prime location near the Oak Ridge National Laboratory (ORNL) makes this a highly desirable property for businesses seeking a substantial, well-maintained space in a strategic location. The APN is 111G A 00600. This single-tenant building offers a rare combination of size, functionality, and recent upgrades in a thriving Tennessee community. The property's excellent condition and strategic location make it an attractive option for businesses seeking to establish or expand their operations in Oak Ridge.

• CAP approach

  CAP return

  Valuation

  6%

  $5,278,544

  6.5%

  $4,872,502

  7%

  $4,524,467

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,867,014

  Geo Method

  $5,867,014

• Alternative Use

  Use

  Valuation

  Residential

  $6,041,904

  Hospitality

  $5,534,351

  Educational

  $4,604,515

  Medical

  $4,762,872

  Retail

  $7,162,579

Location Insight

City

Oak Ridge

County

Anderson

State

Tennessee

Latitude

35.9777

Longitude

-84.2274

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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