Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1556 Riverside Drive Chattanooga, TN 37406

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,795,000

    Industrial land near downtown Chattanooga with income-generating billboards.

    Type:Land
    Property size:
    4 SF
    Lot size:
    4.40 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    14
    Last Refresh:
    Mar 18 at 8:11 am

    Property Features for 1556 Riverside Drive

    General Information

    Standard status
    Active
    Size
    4 SF
    Lot size
    4.40 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Russell Elliott
    Russell Elliott

    Listing agent Russell Elliott License #215403

    Listing office CBRE, INC

    Listing date Mar 25, 2026

    Source Cbre

    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 CBRE, INC

    Overview

    Rare Industrial Land Opportunity

    This approximately 4.4-acre industrial land site is located just east of Downtown Chattanooga, near the intersection of Amnicola Highway and Wilcox Blvd. The site offers approximately 3.21 acres of usable space. Its proximity to major transportation routes makes it suitable for manufacturing or warehousing. Two billboards are located on the site, and the purchase price includes these billboards, which generate an income of $21,000 per month.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2772739
    Latitude
    35.05691

    Nearby Similar for Sale

    • $2,000,000
      11,262 SF

      Prime Commercial Space in Chattanooga

      Versatile commercial property on Dayton Boulevard, Chattanooga.
      3920 Dayton Boulevard, Chattanooga, TN 37415
      View Details
    • $550,000
      3,216 SF

      Updated Duplex on Missionary Ridge

      Turnkey investment: updated duplex near downtown Chattanooga with immediate income.
      311 E View Drive, Chattanooga, TN 37404
      View Details
    • $359,000
      1,919 SF

      Versatile Commercial Property, Chattanooga, TN

      High-visibility commercial property with office space and parking.
      1507 Maxwell Road, Chattanooga, TN 37412
      View Details
    • $485,000
      3,060 SF

      Chattanooga Quadplex with Views

      Attractive quadplex near downtown and UTC with renovated units.
      234 Buena Vista Drive, Chattanooga, TN 37404
      View Details
    • $975,000
      3,360 SF

      Chattanooga Quadruplex in Downtown Area

      Charming quadruplex in downtown Chattanooga with four one-bedroom units.
      716 Forest Avenue, Chattanooga, TN 37405
      View Details
    • $800,000
      3,436 SF

      Rebuilt Quadplex with Expansion Potential

      Four-unit multifamily property rebuilt with modern finishes and expansion potential.
      314 E View Drive, Chattanooga, TN 37404
      View Details
    • $2,000,000

      Commercial Building in Chattanooga, TN

      Commercial building for sale in Chattanooga, Tennessee.
      3920 Dayton Blvd, Chattanooga, TN 37415
      View Details
    • $599,000

      Development Opportunity Near Signal Mountain

      2.83-acre vacant lot with development potential near downtown Chattanooga.
      1161 Mountain Creek Road, Chattanooga, TN 37405
      View Details
    • $150,000
      2,724 SF

      Chattanooga Multi-Family Investment Opportunity

      Income-producing triplex with long-term tenants and high potential returns.
      5 Franklin Place, Chattanooga, TN 37412
      View Details
    • $1,200,000

      Prime Land on East Brainerd

      3.15 acres of prime land with endless possibilities.
      8528 E Brainerd Road, Chattanooga, TN 37421
      View Details
    • $499,900
      1,652 SF

      Renovated Duplex with Development Potential

      Investor package featuring renovated duplex and development opportunity.
      356 Browns Ferry Road, Chattanooga, TN 37419
      View Details
    • $470,000
      1,879 SF

      Versatile Triplex in Chattanooga's Northshore

      Three-unit property in a vibrant, walkable Chattanooga neighborhood.
      746 Curve Street, Chattanooga, TN 37405
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial land near downtown Chattanooga with income-generating billboards.
    Where is this industrial land located?
    The property is located at 1556 Riverside Drive Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $1,795,000.
    What are key features of this property?
    This property features: Billboard income of $21,000/month included in purchase price.; ±3.21 AC of usable industrial land.; Rare industrial land site in a thriving market.
    (615) 493-9223
    We can help!
    Listing Contact
    Russell Elliott
    Russell Elliott
    Real Estate License ID: 215403
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!