East Ridge Mixed-Use Commercial
For Sale
$799,000
1509 Maxwell Road, Chattanooga, TN 37412
Versatile commercial property with office and garage space in East Ridge.
Property Size1,068 SF
Lot Size0.50 Acres
Price / SF$139.98
Days on Market157
Property Features for 1509 Maxwell Road
General Information
Standard status
Active
Size
1,068 SF
Lot size
0.50 Acres
Property subtype
Mixed Use
Building Details
Building Size
1,068 SF
Year Built
1950
Listing Agency:
Exit Realty
Listed By:
Jonathan Campbell · License #291911
(423) 314-2212
Source:
Leepropertyprofessionals.kw
Added: May 20
Changed: Oct 3
Last Checked: Oct 23 at 3:42AM
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 Exit Realty
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Investment Insights
Based on property information with market context.
This mixed-use commercial property is located in East Ridge, situated on approximately 0.5 acres just off Ringgold Road. The property includes a 1,068± square foot freestanding office building suitable for administrative, retail, or client-facing operations. Behind the office is approximately 5,000± square feet of garage and shop space, providing room for automotive, storage, service, warehouse, or contractor operations. The property has parking and garage capacity for over 30 vehicles. The location along a commercial corridor offers traffic exposure and access to Chattanooga markets. The property is suitable for owner-users, investors, automotive businesses, contractors, or mixed-use commercial operations seeking flexible space. The total property size is 5,708 square feet.
Key Highlights
- Prime location on highly traveled Ringgold Road in East Ridge, offering excellent visibility and access.
- Versatile mixed‑use property suitable for various operations.
- Ample garage and shop space (nearly 5,000± SF) for various business needs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,499
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,309,980
$1.3M
Cap Rate 7%
$935,700
$935.7K
Cap Rate 9%
$727,767
$727.8K
Market Conditions
NOI Build-Up for 5,708 SF
Gross rent
$102.7K $18.00/SF
− Vacancy
−$15.4K −$2.70/SF
EGI
$87.3K $15.30/SF
− OpEx
−$21.8K −$3.82/SF
NOI
$65.5K $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%
$1,309,980
Cap Rate 7%
$935,700
Cap Rate 9%
$727,767
Alternative Uses
Best Use
Office B
$935.7K
$818.7K – $1.09M
NOI $65,499 @ 7.0% cap · market cap 8.20%
Second Best
Mixed Use
$900.2K
$787.7K – $1.05M
NOI $63,016 @ 7.0% cap · market cap 7.89%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,245 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
674
Businesses Nearby
Explore this area
Business Placement
Demographics for 37412, TN
21,881
Population
10,305
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.7 sq mi
ZIP Area
2,515
Density / Sq Mi
$56,600
Median Household Income
$37,858
Median Earnings
$1,120
Median Rent
$182,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial property with office and garage space in East Ridge.
Where is this mixed-use property located?
The property is located at 1509 Maxwell Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime location on highly traveled Ringgold Road in East Ridge, offering excellent visibility and access.; Versatile mixed‑use property suitable for various operations.; Ample garage and shop space (nearly 5,000± SF) for various business needs.
