575 Oak Ridge TpkeOak Ridge, TN 37830

Property Details for 575 Oak Ridge Tpke

Year built

2003

Lot size

1.84 AC

Property size (Sq ft)

38,472 SF

Property type

Office properties

Property subtype

Other office properties

APN

001094K A 01100

APU

001094KA01100

Description

This exceptional Class A office space, totaling 2,700 square feet, is situated within the prestigious Victory Centre in Oak Ridge, Tennessee. Located at 575 Oak Ridge Turnpike, zip code 37830, this property offers a prime location with convenient access to major roadways. The suite, number 203, is on the second floor of a larger building encompassing 38,000 total square feet. The building itself boasts a modern design and construction, having been built in 2003. The property is zoned B-2 and sits on a sizable 1.4-acre lot in Anderson County. Multiple tenancy options are available, making it suitable for a variety of businesses. The space is adaptable to various office needs, including traditional office setups, executive suites, coworking spaces, medical offices, and creative office environments. Ample parking is provided, with a ratio of 5 spaces per 1,000 square feet of building space. This presents a rare opportunity to secure high-quality office space in a thriving Oak Ridge location. The available space is immediately ready for occupancy. Inquire today to learn more about this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $6,600,685

  6.5%

  $6,092,940

  7%

  $5,657,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,270,234

  Geo Method

  $7,504,348

• Alternative Use

  Use

  Valuation

  Residential

  $7,555,246

  Hospitality

  $6,920,564

  Educational

  $5,757,828

  Medical

  $5,955,849

  Retail

  $8,956,622

Location Insight

City

Oak Ridge

County

Anderson

State

Tennessee

Latitude

36.0316

Longitude

-84.2275

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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