Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    615 E Main St Chattanooga, TN 37408

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in the landmark Bolt Building.

    Property size:
    1,242 SF
    Lot size:
    0.21 Acres

    Property Features for 615 E Main St

    General Information

    Size
    1,242 SF
    Lot size
    0.21 Acres

    We can help!

    Listing Contact
    Kelly Fitzgerald
    Kelly Fitzgerald
    Source: Moodyscre

    Listing Agent: Kelly Fitzgerald

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

    Learn more

    Property Insight Report

    Overview

    Chattanooga Southside Landmark Retail Space

    The Bolt, formerly known as the Atlas Bolt Building, is a landmark located in Chattanooga's Southside. The property offers retail space with a size of 1242 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Dental Office Spa & Massage Law Firm Realty agency Hair Salon Nail Salon Clothing Store Pharmacy Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2993869
    Latitude
    35.0333686

    Nearby Similar for Lease

    • $18 SF/Yr
      54,386 SF

      Prime Chattanooga Office Space

      Centrally located office space with recent lobby renovations and highway access.
      325 Market St, Chattanooga, TN 37402
      View Details
    • $25 SF/Yr
      10,662 SF

      Historic Office Building in Chattanooga

      Restored historic office building in Chattanooga's Central Business District.
      109 E 7Th St, Chattanooga, TN 37402
      View Details
    • $28 SF/Yr
      11,544 SF

      Prime Northshore Retail/Office Space

      Sought-after location near dining, shopping, and downtown Chattanooga attractions.
      419 N Market St, Chattanooga, TN 37405
      View Details
    • Contact for pricing
      4,000 SF

      Prime Northshore Retail Location

      Sought-after location with high visibility and on-site parking.
      147 N Market St, Chattanooga, TN 37405
      View Details
    • $1,750 /Mo

      Modern Townhome in Highland Park

      Sleek 2-bedroom townhome with modern finishes and convenient location.
      1754 S Highland Park Ave S, Chattanooga, TN 37404
      View Details
    • $22 SF/Yr
      5,800 SF

      New Office Space on Lee Highway

      Brand-new, customizable office space with excellent visibility and accessibility.
      6736 Lee Hwy, Chattanooga, TN 37421
      View Details
    • $23 SF/Yr
      46,109 SF

      Downtown Chattanooga Class A Office

      Class A office space in the heart of downtown Chattanooga.
      811 Broad St, Chattanooga, TN 37402
      View Details
    • $12 SF/Yr
      80,063 SF

      Retail Center Anchored by Fitness

      High-traffic retail space in Hixson, TN, anchored by Crunch Fitness.
      5230 Tennessee 153, Chattanooga, TN 37343
      View Details
    • $11 SF/Yr
      12,000 SF

      Downtown Chattanooga Office Space

      12,000 SF Office Building, 3,960 SF Available
      430 Market St, Chattanooga, TN 37402
      View Details
    • Contact for pricing
      4,200 SF

      Medical Office Space Development Opportunity

      4,200 SF medical office space available for custom development.
      607 Dodds Ave, Chattanooga, TN 37404
      View Details
    • $8 SF/Yr
      44,049 SF

      Former Food City Retail Space

      44,049 SF retail space, high visibility, convenient access.
      1600 E 23Rd St, Chattanooga, TN 37404
      View Details
    • $7 SF/Yr
      46,000 SF

      Chattanooga Industrial Warehouse

      14,000 SF Warehouse, M-1 Zoning
      481 45Th St, Chattanooga, TN 37410
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space available in the landmark Bolt Building.
    Where is this retail space located?
    The property is located at 615 E Main St Chattanooga, TN.
    What are key features of this property?
    This property features: - Landmark building in Chattanooga's Southside.; - Formerly known as the Atlas Bolt Building.
    (423) 682-8241
    Request Owner's contact information
    615 E Main St Chattanooga, TN 37408
    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.
    615 E Main St
    Chattanooga, TN 37408
    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
    615 E Main St Chattanooga, TN 37408
    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
    Kelly Fitzgerald
    Kelly Fitzgerald
    Real Estate License ID: #339695
    (423) 682-8241
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.