Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3903 39Th St Chattanooga, TN 37407

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,000

    Prime 1.4-Acre Commercial Land

    Property Features for 3903 39Th St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    60,984 SF

    We can help!

    Listing Contact
    James Perry

    Listing Agency: THE JAMES COMPANY REAL ESTATE BROKERS AND DEVELOPMENT Listing Agent: James Perry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 1.4-acre commercial property presents a rare opportunity in Chattanooga, TN. Strategically located at the corner of Calhoun Avenue and East 39th Street, this parcel boasts significant road frontage and versatile zoning. The main 1-acre lot is zoned M-1, offering a wide range of commercial development possibilities. An additional 0.4-acre corner lot, zoned R-2, expands the potential uses and adds to the overall value. The combined 1.4 acres provide ample space for various commercial ventures. The land is level, simplifying development and minimizing site preparation costs. With over 184 feet of road frontage on East 39th Street, 304 feet adjacent to railroad tracks, and 100 feet on Calhoun Avenue, this property offers excellent visibility and accessibility. Its convenient location near Rossville Boulevard and I-24 ensures high traffic volume and easy access to major transportation routes. The unique combination of zoning, size, and location makes this a truly exceptional investment opportunity, ideal for developers seeking a prime Chattanooga location. The dimensions of the main lot are approximately 140 feet by 300 feet. This property's already-approved zoning is a significant advantage, streamlining the development process and reducing potential delays. Don't miss this chance to acquire a highly desirable commercial property in a thriving Chattanooga market. Priced at $399,000.
    Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Tn Counties
    State
    Tennessee
    Longitude
    -85.29321
    Latitude
    34.99849

    Nearby Similar for Sale

    • $795,000
      8,358 SF

      Commercial Building in Opportunity Zone

      Commercial building with over 8,000 sq ft, endless possibilities.
      2437 Glass St, Chattanooga, TN 37406
      View Details
    • New
      $550,000
      3,216 SF

      Updated Duplex on Missionary Ridge

      Turnkey investment: updated duplex near downtown Chattanooga with immediate income.
      311 E View Dr, Chattanooga, TN 37404
      View Details
    • $340,000
      Pending

      Chattanooga Duplex Portfolio Opportunity

      Side-by-side duplex near major employers and amenities.
      5010 Brogden Trl, Chattanooga, TN 37416
      View Details
    • New
      $499,900
      1,879 SF

      Versatile Triplex in Chattanooga's Northshore

      Three-unit property in Chattanooga's North Shore with income potential.
      746 Curve St, Chattanooga, TN 37405
      View Details
    • New
      $579,000
      2,218 SF

      Chattanooga Northshore Income Triplex

      Income-producing triplex in Chattanooga's Northshore, near amenities.
      407 Colville St, Chattanooga, TN 37405
      View Details
    • $185,000
      2,724 SF

      Chattanooga Multi-Family Investment Opportunity

      Income-producing triplex with long-term tenants and high potential returns.
      5 Franklin Pl, Chattanooga, TN 37412
      View Details
    • $320,000
      Pending

      Chattanooga Duplex Near Missionary Ridge

      All-brick duplex near Missionary Ridge with strong rental history.
      3223 Castle Ave, Chattanooga, TN 37412
      View Details
    • $260,000
      1,512 SF

      Chattanooga Multifamily Investment Opportunity

      Multifamily property near Downtown Chattanooga, Hamilton Place, Brainerd and East Ridge.
      3829 North Ter, Chattanooga, TN 37411
      View Details
    • $337,750
      Pending

      Well-Maintained Duplex in Chattanooga

      Low-maintenance duplex in a high-growth Chattanooga area.
      3634 Helen Ln, Chattanooga, TN 37412
      View Details
    • $295,000
      Pending

      Updated Income-Producing Duplex in Chattanooga

      Updated duplex with new features, centrally located for easy access.
      1579-1581 Burns Ave, Chattanooga, TN 37412
      View Details
    • $359,000
      1,919 SF

      Versatile Commercial Property, Chattanooga, TN

      High-visibility commercial property with office space and parking.
      1507 Maxwell Rd, Chattanooga, TN 37412
      View Details
    • New
      $290,000
      1,500 SF

      Recently Remodeled Duplex in Chattanooga

      Turnkey, income-producing duplex in Red Bank area of Chattanooga.
      3308 Easton Ave, Chattanooga, TN 37415
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime 1.4-Acre Commercial Land
    Where is this commercial real estate located?
    The property is located at 3903 39Th St Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $399,000.
    (423) 400-2424
    Request Owner's contact information
    3903 39Th St Chattanooga, TN 37407
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3903 39Th St
    Chattanooga, TN 37407
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3903 39Th St Chattanooga, TN 37407
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    James Perry
    Real Estate License ID: 228482
    (423) 400-2424 (423) 499-9999 (423) 314-6000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!