Flex Space with Loading
1811 DODDS AVE, Chattanooga, TN 37404
For Sale
Contact for pricing
A multi-tenant layout pairs showroom and office areas with warehouse space and a finished, conditioned lower level.
Property Size21,000 SF
Lot Size0.59 Acres
Price / SF$107.14
Days on Market29
Property Features for 1811 DODDS AVE
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Mixed-Use Components
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Asking Price
Property Use
Building Details
Buildings
Building Size
Construction
Tenancy
Listing Agency:
Merchant Real Estate Group
Listed By:
Barrett Kibble · License TN #362791
(423) 715-9645
Source:
Crexi
Added: Oct 12
Changed: Nov 8
Last Checked: Nov 8 at 2:22PM
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 Merchant Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 21,000-SF flex property on 0.59 acres has about 12,228 SF on the main floor and approximately 9,000 SF of finished, conditioned space below. Its configuration includes a front showroom and office area, a warehouse and office suite with a loading dock, and a lower level with an open layout, perimeter offices, and two ground-level doors. Concrete-block construction, central HVAC, supplemental warehouse heat, and asphalt-paved areas are among the property’s features. The site is zoned I-L light industrial.
A Latin grocery tenant occupies a suite of less than 3,200 SF, while a logistics company uses approximately 9,000 SF on the lower level. The middle warehouse and office suite remains available for leasing, expansion, or owner occupancy. The property is adjacent to Mill Town, a 42-acre mixed-use redevelopment centered on the historic Standard Coosa Mill, with housing, adaptive reuse, planned commercial uses, and community amenities.
A Latin grocery tenant occupies a suite of less than 3,200 SF, while a logistics company uses approximately 9,000 SF on the lower level. The middle warehouse and office suite remains available for leasing, expansion, or owner occupancy. The property is adjacent to Mill Town, a 42-acre mixed-use redevelopment centered on the historic Standard Coosa Mill, with housing, adaptive reuse, planned commercial uses, and community amenities.
Key Highlights
- Approximately 21,000 SF on 0.59 acres
- Main level contains approximately 12,228 SF; finished, conditioned lower level has approximately 9,000 SF
- Warehouse and office suite includes a loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,034
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,960,680
$4.0M
Cap Rate 7%
$2,829,057
$2.8M
Cap Rate 9%
$2,200,378
$2.2M
Market Conditions
NOI Build-Up for 21,000 SF
Gross rent
$327.6K $15.60/SF
− Vacancy
−$22.9K −$1.09/SF
EGI
$304.7K $14.51/SF
− OpEx
−$106.6K −$5.08/SF
NOI
$198.0K $9.43/SF
Area
Chattanooga, TN
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,960,680
Cap Rate 7%
$2,829,057
Cap Rate 9%
$2,200,378
Alternative Uses
Best Use
Flex RnD
$2.83M
$2.48M – $3.30M
NOI $198,034 @ 7.0% cap · market cap 8.80%
Second Best
Retail
$2.32M
$2.03M – $2.70M
NOI $162,288 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$4.64M
$4.06M – $5.41M
NOI $324,657 @ 7.0% cap · market cap 14.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
491
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37404, TN
13,106
Population
5,887
Households
2.2
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
5.2 sq mi
ZIP Area
2,520
Density / Sq Mi
$53,585
Median Household Income
$35,983
Median Earnings
$999
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Hamilton County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Cafe Le Mont — 801 Dodds Ave, Chattanooga, TN 37404
Frequently Asked Questions
What type of property is this?
Flex space - A multi-tenant layout pairs showroom and office areas with warehouse space and a finished, conditioned lower level.
Where is this flex space located?
The property is located at 1811 DODDS AVE Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Approximately 21,000 SF on 0.59 acres; Main level contains approximately 12,228 SF; finished, conditioned lower level has approximately 9,000 SF; Warehouse and office suite includes a loading dock
