Add Listing
    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

    325 Market St Chattanooga, TN 37402

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr

    Centrally located office space with recent lobby renovations and highway access.

    Building Details

    Year built
    1997

    We can help!

    Listing Contact
    Kelly Fitzgerald
    Kelly Fitzgerald
    Source: Svn

    Listing Agency: SVN | Second Story RE Management Listing Agent: Kelly Fitzgerald

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

    Learn more

    Overview

    Prime Chattanooga Office Space

    This office space is situated in a central Chattanooga location, within walking distance of restaurants and fitness options such as Mellow Mushroom, Pucketts, Five Guys, Lupis, Hotworx, and the YMCA. The building is part of a redevelopment area, near the renovated John Ross building and upcoming developments like a Drury Inn and Embassy Suites. The property features a recently renovated lobby. Its location offers accessibility, being close to Highway 27. On-site guest parking and nearby garage options are available. Tenant Improvements or a turnkey delivery can be tailored to meet specific needs. Current co-tenants include Steam Logistics, Chattanooga Allergy Clinic, and Erlanger Urgent Care. The property has an open floorplan on Market St. The building has a total property size of 54386 square feet.
    Location Intelligence

    Current Use by Public Records

    Optimal Health Institute Physician Lena Satterfield Physician Jennifer Patel Physician Sandra L. Kilpatrick, ... Physician Clinical Psychology: Dr. ... Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.310126
    Latitude
    35.0527202

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      Tallan Financial Center

      Discover many ways to work your way in Tallan Financial Center
      200 Martin Luther King Blvd, Chattanooga, TN 37402
      View Details
    • $22 SF/Yr

      Downtown Chattanooga Office Space Available

      Prime office space in Chattanooga's business core, for lease.
      600 Georgia Ave, Chattanooga, TN 37402
      View Details
    • $14 SF/Yr

      Chattanooga Commercial Suite For Rent

      Commercial suite in active business district, ideal for various uses.
      6111 Heritage Park Dr, Chattanooga, TN 37416
      View Details
    • $26 SF/Yr

      Retail Space For Lease

      1,380 SF retail space with high visibility and ample parking.
      1414 Jenkins Rd, Chattanooga, TN 37421
      View Details
    • $28 SF/Yr

      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

      Medical Office Space Development Opportunity

      4,200 SF medical office space available for custom development.
      607 Dodds Ave, Chattanooga, TN 37404
      View Details
    • $30 SF/Yr

      Downtown Chattanooga Retail Space Available

      Retail space in downtown Chattanooga, anchored by Tapestry by Hilton.
      736 Broad St, Chattanooga, TN 37421
      View Details
    • $16 SF/Yr

      Office Space Near Southside

      Office space for lease near vibrant Southside neighborhood.
      1601 S Holtzclaw Ave, Chattanooga, TN 37404
      View Details
    • $23 SF/Yr

      Downtown Chattanooga Class A Office

      Class A office space in the heart of downtown Chattanooga.
      811 Broad St, Chattanooga, TN 37402
      View Details
    • $17 SF/Yr
      4,818 SF

      Medical Office Space Available

      4,818 SF medical office space for lease.
      1032 Mccallie Ave, Chattanooga, TN 37403
      View Details
    • $16 SF/Yr

      Prime Commercial Spaces For Lease

      Commercial spaces for lease in downtown Chattanooga's central business district.
      835 Georgia Ave, Chattanooga, TN 37402
      View Details
    • $23 SF/Yr

      Class A Office Building

      Class A office building near Hamilton Place Mall in Chattanooga.
      2030 Hamilton Place Blvd, Chattanooga, TN 37421
      View Details

    FAQs

    What type of property is this?
    Office units - Centrally located office space with recent lobby renovations and highway access.
    Where is this office units located?
    The property is located at 325 Market St Chattanooga, TN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Unbeatable accessibility: Seconds from Highway 27, making it easily accessible for employees and clients.; - Prime central location in Chattanooga: Walking distance to numerous restaurants and fitness options.; - Landlord offers flexibility for Tenant Improvements or turnkey delivery.
    (423) 682-8241
    Request Owner's contact information
    325 Market St Chattanooga, TN 37402
    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.
    325 Market St
    Chattanooga, TN 37402
    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
    325 Market St Chattanooga, TN 37402
    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 (615) 714-6378
    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!