1502 TOMBRAS AVE East Ridge, TN 37412
Flexible office, medical, retail, or service space on a highly visible corner lot with ample paved parking.
Property Features for 1502 TOMBRAS AVE
General Information
- Standard status
- Active
- Size
- 1,740 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1950
Listing office KW Commercial Chattanooga - Downtown
Listing date Jul 8, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The property is positioned on a highly visible corner lot and is located in East Ridge, with convenient access to Ringgold Road, Interstate 24, and Downtown Chattanooga.
This combination of adaptable interior space and parking support makes the site suitable for owner-users seeking a move-in-ready location within an established residential neighborhood setting.
Key Highlights
- Approximately 1,740 SF flexible commercial space at 1502 Tombras Avenue
- Highly visible corner lot with ample paved parking
- Detached accessory building on the property
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.3k | $18.00 |
| − Vacancy | −$4.7k | −$2.70 |
| EGI | $26.6k | $15.30 |
| − OpEx | −$6.7k | −$3.82 |
| NOI | $20.0k | $11.48 |
