Building Details

Buildings 2

Building Size 1,300 SF

Listing Agency: Real Estate Partners Chattanooga LLC c***@homesrep.com Show Phone

Listed By: Gregory Depasquale · License #TN357488 Show Phone

Source: Exprealty

Added: Aug 5 Changed: Oct 7 Last Checked: Oct 7 at 12:50PM

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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 Real Estate Partners Chattanooga LLC

Investment Insights

Based on property information with market context.

This flex property includes a 1,300± square foot open-layout building and a separate 600± square foot tiny home on approximately 0.5 acres. The commercial building is described for office, warehouse, workshop, retail, studio, or light industrial applications. Outdoor areas and parking accommodate equipment, trailers, inventory, or other business needs. The tiny home provides on-site residential space and may also function as rental, guest, or office space.

The property fronts Highway 28 at 13329 Highway 28 in Whitwell, Tennessee. It is located minutes from downtown Whitwell and within a short drive of Chattanooga. The combined property size is listed as 1,930 square feet, with both commercial and residential improvements included.

Key Highlights

• 1,300± square foot open‑layout flex building
• Separate 600± square foot tiny home
• Approximately 0.5 acres with Highway 28 frontage

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,307

Cap Rate

9.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$426,140 $426.1K

Cap Rate 7%

$304,386 $304.4K

Cap Rate 9%

$236,744 $236.7K

Market Conditions

NOI Build-Up for 1,930 SF

Gross rent

$37.1K $19.20/SF

− Vacancy

−$3.0K −$1.54/SF

EGI

$34.1K $17.66/SF

− OpEx

−$12.8K −$6.62/SF

NOI

$21.3K $11.04/SF

Area

Sequatchie County, TN

Vacancy

8.00%

Lease Rate

$19.20 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$426,140

Cap Rate 7%

$304,386

Cap Rate 9%

$236,744

Alternative Uses

Best Use

Office B

$316.4K

$276.8K – $369.1K (±1% cap)

NOI $22,147 @ 7.0% cap · market cap 9.42%

Second Best

Mixed Use

$304.4K

$266.3K – $355.1K (±1% cap)

NOI $21,307 @ 7.0% cap · market cap 9.07%

Theoretical Best

Office A

$426.2K

$373.0K – $497.3K (±1% cap)

NOI $29,837 @ 7.0% cap · market cap 12.70%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Grocery & Convenience Store Hair Salon (Bike/Boat/Book/etc) Store Big Box & Wholesale Store Pharmacy Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

94

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 37397, TN

9,928

Population

4,709

Households

2.1

Avg Household Size

44

Median Age

14%

College-Educated

80%

High-School Grad

149.3 sq mi

ZIP Area

66

Density / Sq Mi

$55,776

Median Household Income

$33,569

Median Earnings

$754

Median Rent

$160,700

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial property combines an open flex building with an on-site tiny home and outdoor space.

Where is this flex space located?

The property is located at 13329 Highway 28 Whitwell, TN.

What is the asking price?

The asking price for this property is $235,000.

What are key features of this property?

This property features: 1,300± square foot open‑layout flex building; Separate 600± square foot tiny home; Approximately 0.5 acres with Highway 28 frontage