Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Fort Oglethorpe Quartermaster Building Title is generated by Realmo AI

    11 Quartermaster Cir, Fort Oglethorpe, GA 30742

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Versatile commercial spaces in historic Fort Oglethorpe building.

    Type:Office
    Added:
    Feb 9, 2024
    Days on Market:
    842
    Last Refresh:
    May 12 at 9:31 pm

    Property Features for 11 Quartermaster Cir

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 11 Quartermaster Cir Contact us

    Quartermaster Circle Unit #71 $0.68/Mo

    Size
    3,300 SF
    Type
    Office
    Desirable space in the Historic Quartermaster Building in Fort Oglethorpe, GA now...
    show more
    Contact us

    We can help!

    Listing Contact
    CHRISTI DOLL
    CHRISTI DOLL

    Listing agent CHRISTI DOLL License #TN328142

    Listing office Premier Property Group Inc.

    Listing date Feb 9, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Premier Property Group Inc.

    HighLights

    • Prime location in Quartermaster Circle, downtown Fort Oglethorpe, GA, less than 20 minutes from Chattanooga.
    • Versatile spaces suitable for business, office, retail, or meeting place.
    • Ample parking and easy customer access off Lafayette Road.
    • Proximity to Chickamauga Battlefield for recreational opportunities.
    • Proven adaptability with previous tenants including salons, retail, offices, and distribution.
    • Two units include additional usable upstairs space at no extra cost.

    Overview

    Located in downtown Fort Oglethorpe, Georgia, the historic Quartermaster Building at Quartermaster Circle offers spaces suitable for business, office, retail, or meeting purposes. Situated off Lafayette Road near the Sears Shoe Store, the location provides customer accessibility and ample parking. The property is less than one mile from the Chickamauga Battlefield. Previous tenants have used the building for hair salons, retail shops, office spaces, distribution centers, and low volume health industries. Select units include additional usable space upstairs at no additional cost. The property is located less than 20 minutes from downtown Chattanooga.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Oglethorpe
    County
    Catoosa
    State
    Georgia
    Longitude
    -85.2494
    Latitude
    34.9197

    Nearby Similar for Lease

    • $12 SF/Yr
      180,000 SF

      Retail Space For Lease

      Retail spaces available in Fort Oglethorpe shopping center.
      1785 Battlefield Pky, Fort Oglethorpe, GA 30742
      View Details
    • Contact for pricing
      27,680 SF

      Retail Space Near Major Retailers

      Retail space available in shadow-anchored strip center near high-traffic Walmart.
      62 Battlefield Parkway, Fort Oglethorpe, GA 30742
      View Details
    • Contact for pricing
      3,600 SF

      Warehouse with HVAC and Parking

      3,600 SF warehouse space suitable for various businesses.
      265 PATTERSON AVE, FORT OGLETHORPE, GA
      View Details
    • Contact for pricing
      2,500 SF

      Former Restaurant with Drive-Thru

      2,500 SF restaurant on 0.81 acres with drive-thru.
      564 Battlefield Pkwy, Fort Oglethorpe, GA 30742
      View Details
    • Contact for pricing
      1,724 SF

      Retail Space in Fort Oglethorpe

      Retail space available in a busy Fort Oglethorpe location.
      2535-2645 Battlefield Pkwy, Fort Oglethorpe, GA
      View Details
    • $18 SF/Yr
      1,800 SF

      Prime Retail Space Available

      Retail space in a high-traffic Fort Oglethorpe location.
      1229 Battlefield Pkwy, Fort Oglethorpe, GA 30742
      View Details
    • $8 SF/Yr
      12,256 SF

      Battlefield Parkway Retail Opportunity

      Retail space available on high-traffic Battlefield Parkway.
      731 Battlefield Pkwy, Fort Oglethorpe, GA 30742
      View Details
    • $14 SF/Yr

      Battlefield Centre Retail Space Available

      Discount retail shopping center in Fort Oglethorpe, GA.
      1785 Battlefield Pkwy, Fort Oglethorpe, GA 30742
      View Details

    FAQs

    What type of property is this?
    Office units - Versatile commercial spaces in historic Fort Oglethorpe building.
    Where is this office units located?
    The property is located at 11 Quartermaster Cir Fort Oglethorpe, GA.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Quartermaster Circle, downtown Fort Oglethorpe, GA, less than 20 minutes from Chattanooga.; Versatile spaces suitable for business, office, retail, or meeting place.; Ample parking and easy customer access off Lafayette Road.
    (352) 302-4046 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing CHRISTI DOLL
    CHRISTI DOLL
    Real Estate License ID: TN328142
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    11 Quartermaster Cir, Fort Oglethorpe, GA 30742
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!