Oak Ridge Civicplus #FY2027-113

City of Oak Ridge Solicits As-Needed Commercial Real Estate Services

The City of Oak Ridge, Tennessee, is seeking qualified real estate agents or firms to provide as-needed commercial real estate services for city-owned properties. - Government Buyer: - City of Oak Ridge, Finance Department, Procurement Specialist - Scope of Services: - Valuation of commercial and other real properties - Listing and marketing of city-owned properties - Establishment of rental rates - Market analyses and sales strategy recommendations - Leasing recommendations and negotiation of offers/sales agreements - Holding earnest money in escrow - Coordinating appraisals, due diligence, and transaction closings - Consulting with city staff and stakeholders, including public meeting presentations - Vendor Requirements: - Must be a licensed real estate agent or firm in good standing in Tennessee - Experience with both small and large commercial properties - Knowledge of the local real estate market and public real estate records - Contract Term: - Initial two-year contract, with up to two additional two-year extensions (maximum six years) - No specific OEMs or product manufacturers are named in this solicitation.

Description

The City of Oak Ridge is soliciting proposals for as-needed commercial real estate services including valuation, listing, establishment of rental rates, and sale of commercial and other real property. The selected firm will provide professional real estate services on an as-needed basis, including market analyses, sales strategies, marketing properties, negotiating offers, and coordinating transaction closings. The initial contract term is two years with possible extensions up to six years. Proposals are due by October 15, 2026, at 2:00 PM local time.

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