High-Visibility Commercial Asset on
For Sale
Contact for pricing
1817 Dodds Ave, Chattanooga, TN 37404
Commercial property on evolving corridor, suitable for various businesses.
Property Size12,540 SF
Price / SF$107.66
Days on Market141
Property Features for 1817 Dodds Ave
General Information
Standard status
Active
Size
12,540 SF
Class
B
Property subtype
Mixed Use, Office, Retail
Zoning
C-C
Investment Type
Owner/User
Building Details
Year Built
1960
Year Renovated
2022
Buildings
1
Stories
2
Units
2
Listing Agency:
Fletcher Bright Realty
(423) 598-1469
Listed By:
Trace Walker · License #TN 334693
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 10 at 8:46AM
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 Fletcher Bright Realty
Investment Insights
Based on property information with market context.
Available for sale or lease, the property at 1817 Dodds Avenue presents an opportunity to acquire a commercial asset along a rapidly evolving corridor in Chattanooga. The property's location provides convenient access to downtown, Missionary Ridge, and surrounding residential neighborhoods. The building offers a flexible layout suitable for a variety of uses including office, retail, or service-oriented businesses. The property has frontage along Dodds Avenue, providing visibility and signage potential. The property is surrounded by ongoing investment and a growing residential base. The property, with a size of 12540 square feet, is suitable for investors or owner-users seeking an entry point into a Chattanooga submarket.
Key Highlights
- Highly visible commercial asset on rapidly evolving Dodds Avenue.
- Strategic location with convenient access to downtown, Missionary Ridge, and residential areas.
- Flexible layout suitable for office, retail, or service‑oriented businesses.
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
$96,909
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
7.18%
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%
$1,938,180
$1.9M
Cap Rate 7%
$1,384,414
$1.4M
Cap Rate 9%
$1,076,767
$1.1M
Market Conditions
NOI Build-Up for 12,540 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
$150.5K $12.00/SF
− Vacancy
−$12.0K −$0.96/SF
EGI
$138.4K $11.04/SF
− OpEx
−$41.5K −$3.31/SF
NOI
$96.9K $7.73/SF
Area
Chattanooga, 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%
$1,938,180
Cap Rate 7%
$1,384,414
Cap Rate 9%
$1,076,767
Alternative Uses
Best Use
Office B
$2.06M
$1.80M – $2.40M
NOI $143,897 @ 7.0% cap · market cap 10.66%
Second Best
Mixed Use
$1.98M
$1.73M – $2.31M
NOI $138,442 @ 7.0% cap · market cap 10.25%
Theoretical Best
Office A
$2.77M
$2.42M – $3.23M
NOI $193,866 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property on evolving corridor, suitable for various businesses.
Where is this mixed-use property located?
The property is located at 1817 Dodds Ave Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Highly visible commercial asset on rapidly evolving Dodds Avenue.; Strategic location with convenient access to downtown, Missionary Ridge, and residential areas.; Flexible layout suitable for office, retail, or service‑oriented businesses.
