Commercial Building with Five
1507 Maxwell Road Chattanooga, TN 37412
1507 Maxwell Road, Chattanooga, TN, 37412
$359,000
For Sale
$359,000
COMMERCIAL - Chattanooga, TN
Property Size1,919 SF
Lot Size0.29 Acres
Price / SF$187.08
Days on Market314
Property Features for 1507 Maxwell Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking features
- Parking Lot
- Appliances
- Disposal, Electric Range, Microwave, Refrigerator
- Standard status
- Active
- APN
- 169j H 020
- Size
- 1,919 SF
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Annual Amount
- 2118
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1950
- Flooring type
- Carpet, Vinyl
- Roof type
- Shingle
Listing Agency
Berkshire Hathaway J Douglas Properties
(423) 498-5800
100 Tremont Street, Chattanooga, TN
Listed by
Grace Edrington · License #291147
(423) 280-2865
Added: Sep 8, 2025 Checked: Jul 18 at 9:06 pm
MLS# 20254279
Copyright © 2026 River Counties 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 commercial property at 1507 Maxwell Road is offered for sale as a versatile space with a long operating history. The building is described as formerly home to a franchise business for more than 30 years and is now available for a new owner. Interior features include zoned commercial space with additional office area, five private offices, and a full kitchen with brand-new appliances. Central heating and air are in place for year-round comfort. The property size is listed as 1,919 square feet on a 0.29-acre lot.
The site is positioned for convenient access near a traffic light and is directly across from the U.S. Post Office. Parking is provided via an asphalt lot with 20 on-site spaces.
For buyers looking for a centrally located commercial building with dedicated office rooms and support amenities, this configuration may fit professional, service, or retail-oriented uses within the stated commercial zoning.
The site is positioned for convenient access near a traffic light and is directly across from the U.S. Post Office. Parking is provided via an asphalt lot with 20 on-site spaces.
For buyers looking for a centrally located commercial building with dedicated office rooms and support amenities, this configuration may fit professional, service, or retail-oriented uses within the stated commercial zoning.
Key Highlights
- Commercial building with 5 private offices and added office space
- Former franchise location; full kitchen plus disposal, electric range, microwave, and refrigerator
- Central heating and central air, with a shingle roof and carpet/vinyl flooring
Local Financial Insights For Office B
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 | $34.5k | $18.00 |
| − Vacancy | −$5.2k | −$2.70 |
| EGI | $29.4k | $15.30 |
| − OpEx | −$7.3k | −$3.82 |
| NOI | $22.0k | $11.48 |
1,919 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$314.6K
$275.3K – $367.0K
NOI $22,021 @ 7.0% cap · market cap 6.13%
Second Best
Retail
$211.9K
$185.4K – $247.2K
NOI $14,830 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$423.8K
$370.8K – $494.5K
NOI $29,667 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Commercial building includes five private offices, full kitchen, and central heating/air with 20 on-site parking spaces.
Where is this office building located?
The property is located at 1507 Maxwell Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Commercial building with 5 private offices and added office space; Former franchise location; full kitchen plus disposal, electric range, microwave, and refrigerator; Central heating and central air, with a shingle roof and carpet/vinyl flooring
