Net-Leased Investment
For Sale
$6,500,000
1304-1308 mccallie avenue, Chattanooga, TN 37404
100% occupied, net-leased investment property with long-term leases.
Property Size21,378 SF
Price / SF$304.05
Days on Market320
Property Features for 1304-1308 mccallie avenue
General Information
Standard status
Active
Size
21,378 SF
Class
A
Property subtype
Office
Building Details
Building Size
21,378 SF
Listing Agency:
SVN Second Story Real Estate Management
Listed By:
J. Matthew McGauley · License #291079
(423) 400-0723
Source:
Svn
Added: Nov 21, 2025
Changed: Sep 12
Last Checked: Oct 7 at 11:08AM
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 SVN Second Story Real Estate Management
Investment Insights
Based on property information with market context.
This is a 100% occupied, net-leased investment property featuring four tenants under long-term leases with annual escalations. The building underwent a complete redevelopment between 2018 and 2022.
Key Highlights
- 100% Occupied, Net‑Leased Investment
- Long‑term leases with annual escalations
- Building completely gutted and redeveloped (2018‑2022)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$245,313
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,906,260
$4.9M
Cap Rate 7%
$3,504,471
$3.5M
Cap Rate 9%
$2,725,700
$2.7M
Market Conditions
NOI Build-Up for 21,378 SF
Gross rent
$384.8K $18.00/SF
− Vacancy
−$57.7K −$2.70/SF
EGI
$327.1K $15.30/SF
− OpEx
−$81.8K −$3.82/SF
NOI
$245.3K $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%
$4,906,260
Cap Rate 7%
$3,504,471
Cap Rate 9%
$2,725,700
Alternative Uses
Best Use
Office B
$3.50M
$3.07M – $4.09M
NOI $245,313 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.72M
$4.13M – $5.51M
NOI $330,500 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
Explore this area
Business Placement
Demographics for 37404, TN
13,106
Population
5,887
Households
2.2
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
5.2 sq mi
ZIP Area
2,520
Density / Sq Mi
$53,585
Median Household Income
$35,983
Median Earnings
$999
Median Rent
$235,300
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 100% occupied, net-leased investment property with long-term leases.
Where is this office building located?
The property is located at 1304-1308 mccallie avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: 100% Occupied, Net‑Leased Investment; Long‑term leases with annual escalations; Building completely gutted and redeveloped (2018‑2022)
