Professional Office Complex For
For Sale
Contact for pricing
7003 Shallowford Road, Chattanooga, TN 37421
Professional office complex in East Brainerd business corridor.
Property Size12,420 SF
Price / SF$152.98
Days on Market568
Property Features for 7003 Shallowford Road
General Information
Standard status
Active
Size
12,420 SF
Class
B
Total Parking Spaces
30
Property subtype
Office
Zoning
CS
Occupancy
75%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Buildings
1
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
The Raines Group, Inc.
Listed By:
William Raines Jr. · License #18645
(423) 875-3600
Source:
Crexi
Added: Mar 19, 2025
Changed: Oct 4
Last Checked: Oct 7 at 10:25AM
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 The Raines Group, Inc.
Investment Insights
Based on property information with market context.
This professional office complex offers 12,420 square feet in a visible corner location on Shallowford Road and Center Street. Situated between I-75 and Lee Highway in the East Brainerd business corridor, it is near Hamilton Place Mall. The building is primarily occupied by medical, dental, and chiropractic tenants. A 3,069-square-foot vacancy, formerly an Orthodontist Surgeon space, is available and ready for occupancy, with equipment included.
Key Highlights
- Highly visible corner location on Shallowford Road and Center Street.
- Located in the East Brainerd business corridor, near Hamilton Place Mall.
- Existing professional office building occupied mainly by medical, dental, and chiropractic tenants.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,520
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,850,400
$2.9M
Cap Rate 7%
$2,036,000
$2.0M
Cap Rate 9%
$1,583,556
$1.6M
Market Conditions
NOI Build-Up for 12,420 SF
Gross rent
$223.6K $18.00/SF
− Vacancy
−$33.5K −$2.70/SF
EGI
$190.0K $15.30/SF
− OpEx
−$47.5K −$3.82/SF
NOI
$142.5K $11.48/SF
Area
Chattanooga, TN
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,850,400
Cap Rate 7%
$2,036,000
Cap Rate 9%
$1,583,556
Alternative Uses
Best Use
Office B
$2.04M
$1.78M – $2.38M
NOI $142,520 @ 7.0% cap · market cap 7.50%
Second Best
Healthcare Medical
$1.98M
$1.73M – $2.31M
NOI $138,339 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $192,011 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,594
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Professional office complex in East Brainerd business corridor.
Where is this medical office space located?
The property is located at 7003 Shallowford Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Highly visible corner location on Shallowford Road and Center Street.; Located in the East Brainerd business corridor, near Hamilton Place Mall.; Existing professional office building occupied mainly by medical, dental, and chiropractic tenants.
