Live-Work Property With Tiny
New
For Sale
$235,000
13329 Tennessee 28, Whitwell, TN 37397
MULTI_FAMILY - Whitwell, TN
Property Size1,300 SF
Lot Size0.50 Acres
Price / SF$121.76
Days on Market1
Property Features for 13329 Tennessee 28
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bedroom 1, Bathroom 2
Parking features
Driveway
Elementary school
Whitwell Elementary
Middle school
Whitwell Middle
High school
Whitwell High School
Directions
From Chattanooga, take US-27 N to TN-111 S toward Dunlap/Whitwell. Turn left onto TN-28 S. Continue approximately 2 miles. Property is on the right. 13329 TN-28, Whitwell, TN 37397.
Standard status
Active
APN
050h C 039.00
Size
1,930 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Description
Gis 2001 50H C 31.00 Cb
Tax Annual Amount
875
Legal Description
Gis 2001 50H C 31.00 Cb
Utilities
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Public
Building Details
Year built
1979
Number of units
2
Listing Agency:
Real Estate Partners Chattanooga LLC
(423) 265-0088
Listed By:
Gregory Depasquale · License #TN357488
(423) 664-3074
Added: Aug 5
Last Checked: Aug 5 at 7:06PM
MLS# 1540106
Copyright © 2026 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This live-work property combines a 1,300+/- square foot flex building with a separate 600+/- square foot tiny home on approximately 0.5 acres. The flex building offers an open configuration suited to office, warehouse, workshop, retail, studio, or light industrial use. The residence includes one bedroom and two bathrooms, while central air serves the property. Built in 1979, the improvements provide both working and living space within one compact arrangement.
The property is located at 13329 Tennessee 28 in Whitwell, Tennessee, with frontage along Highway 28 and access via a driveway. Public water and a septic tank serve the site. Its approximately 1,930 square feet of total building area includes the flex structure and tiny home.
The property is located at 13329 Tennessee 28 in Whitwell, Tennessee, with frontage along Highway 28 and access via a driveway. Public water and a septic tank serve the site. Its approximately 1,930 square feet of total building area includes the flex structure and tiny home.
Key Highlights
- 1,300+/- square foot flex building
- 600+/- square foot tiny home
- Approximately 0.5 acres with frontage on Highway 28
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.1k | $19.20 |
| − Vacancy | −$3.0k | −$1.54 |
| EGI | $34.1k | $17.66 |
| − OpEx | −$12.8k | −$6.62 |
| NOI | $21.3k | $11.04 |
1,930 SF · lease $19.20/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$316.4K
$276.8K – $369.1K
NOI $22,147 @ 7.0% cap · market cap 9.42%
Second Best
Mixed Use
$304.4K
$266.3K – $355.1K
NOI $21,307 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$426.2K
$373.0K – $497.3K
NOI $29,837 @ 7.0% cap · market cap 12.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 37397, TN
9,928
Population
4,709
Households
2.1
Avg Household Size
44
Median Age
14%
College-Educated
80%
High-School Grad
149.3 sq mi
ZIP Area
66
Density / Sq Mi
$55,776
Median Household Income
$33,569
Median Earnings
$754
Median Rent
$160,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Live-work space - Approximately half an acre includes flexible workspace, a separate residence, driveway parking, and public water with septic service.
Where is this live-work space located?
The property is located at 13329 Tennessee 28 Whitwell, TN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: 1,300+/- square foot flex building; 600+/- square foot tiny home; Approximately 0.5 acres with frontage on Highway 28
