Main Street Commercial
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1446 Main St, Dunlap, TN 37327
High-visibility commercial property in Dunlap, Tennessee, with easy access.
Property Size2,304 SF
Price / SF$119.36
Days on Market160
Property Features for 1446 Main St
General Information
Standard status
Active
Size
2,304 SF
Class
B
Property subtype
Mixed Use, Office, Retail
Zoning
C-1
Building Details
Year Built
1976
Buildings
1
Stories
1
Listing Agency:
Crew Commercial
(423) 664-1900
Listed By:
Jeff Billington · License #349209
Source:
Crexi
Added: Mar 16
Changed: Aug 22
Last Checked: Aug 21 at 10:52PM
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 Crew Commercial
Investment Insights
Based on property information with market context.
Located on Main Street in Dunlap, Tennessee, this property offers visibility and access in Sequatchie Valley. Main Street serves as a commercial corridor, providing local traffic and connectivity to Chattanooga. The location features easy access and parking. The surrounding area has a growing small-business environment with residential development. This 2304-square-foot property is positioned for service-based businesses seeking local exposure in a growing rural market.
Key Highlights
- High visibility location on Main Street.
- Easy access and ample parking.
- Proximity to Chattanooga, expanding the potential customer base.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,805
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$356,100
$356.1K
Cap Rate 7%
$254,357
$254.4K
Cap Rate 9%
$197,833
$197.8K
Market Conditions
NOI Build-Up for 2,304 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.6K $12.00/SF
− Vacancy
−$2.2K −$0.96/SF
EGI
$25.4K $11.04/SF
− OpEx
−$7.6K −$3.31/SF
NOI
$17.8K $7.73/SF
Area
Sequatchie County, TN
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$356,100
Cap Rate 7%
$254,357
Cap Rate 9%
$197,833
Alternative Uses
Best Use
Office B
$377.7K
$330.5K – $440.6K
NOI $26,438 @ 7.0% cap · market cap 9.61%
Second Best
Mixed Use
$363.4K
$318.0K – $423.9K
NOI $25,436 @ 7.0% cap · market cap 9.25%
Theoretical Best
Office A
$508.8K
$445.2K – $593.7K
NOI $35,619 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Explore this area
Business Placement
Demographics for 37327, TN
12,412
Population
5,319
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
81%
High-School Grad
191.4 sq mi
ZIP Area
65
Density / Sq Mi
$51,862
Median Household Income
$28,990
Median Earnings
$843
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - High-visibility commercial property in Dunlap, Tennessee, with easy access.
Where is this mixed-use property located?
The property is located at 1446 Main St Dunlap, TN.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: High visibility location on Main Street.; Easy access and ample parking.; Proximity to Chattanooga, expanding the potential customer base.
