Manufacturing Building with Highway
New
For Sale
$1,900,000
1905 North Chamberlain Avenue, Chattanooga, TN 37406
RN-2-zoned industrial space accommodates production, storage, warehousing, and distribution operations.
Property Size29,862 SF
Price / SF$63.63
Days on Market2
Property Features for 1905 North Chamberlain Avenue
General Information
Standard status
Active
Size
29,862 SF
Property subtype
Industrial
Zoning
RN-2
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
29,862 SF
Buildings
1
Listing Agency:
EXP Commercial
Listed By:
Justin Evinger · License #TN #371068
(423) 999-7185
Source:
7s
Added: Sep 6
Last Checked: Sep 7 at 7:45AM
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 EXP Commercial
Investment Insights
Based on property information with market context.
This 29,862-square-foot industrial building is positioned for manufacturing, warehousing, distribution, contractor operations, and industrial service businesses. The property is zoned RN-2 and provides space for production and storage, with a layout described as efficient and adaptable to specific industrial requirements.
Located at 1905 North Chamberlain Avenue in Chattanooga, the property connects with Highway 153, Amnicola Highway, I-75, and I-24. Its industrial setting and access to multiple regional routes support a range of operational needs, including manufacturing, storage, distribution, and industrial services.
Located at 1905 North Chamberlain Avenue in Chattanooga, the property connects with Highway 153, Amnicola Highway, I-75, and I-24. Its industrial setting and access to multiple regional routes support a range of operational needs, including manufacturing, storage, distribution, and industrial services.
Key Highlights
- 29,862 SF industrial building
- RN‑2 zoning
- Access to Highway 153, Amnicola Highway, I‑75, and I‑24
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
$150,078
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
7.90%
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%
$3,001,560
$3.0M
Cap Rate 7%
$2,143,971
$2.1M
Cap Rate 9%
$1,667,533
$1.7M
Market Conditions
NOI Build-Up for 29,862 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
$222.2K $7.44/SF
− Vacancy
−$7.8K −$0.26/SF
EGI
$214.4K $7.18/SF
− OpEx
−$64.3K −$2.15/SF
NOI
$150.1K $5.03/SF
Area
Chattanooga, TN
Vacancy
3.50%
Lease Rate
$7.44 /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%
$3,001,560
Cap Rate 7%
$2,143,971
Cap Rate 9%
$1,667,533
Alternative Uses
Best Use
Warehouse
$2.60M
$2.28M – $3.04M
NOI $182,238 @ 7.0% cap · market cap 9.59%
Second Best
Industrial
$2.14M
$1.88M – $2.50M
NOI $150,078 @ 7.0% cap · market cap 7.90%
Theoretical Best
Office A
$6.60M
$5.77M – $7.69M
NOI $461,662 @ 7.0% cap · market cap 24.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,319
Businesses Nearby
Explore this area
Business Placement
Demographics for 37406, TN
12,422
Population
5,894
Households
2.1
Avg Household Size
36
Median Age
16%
College-Educated
85%
High-School Grad
12.1 sq mi
ZIP Area
1,027
Density / Sq Mi
$42,993
Median Household Income
$31,076
Median Earnings
$944
Median Rent
$150,300
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - RN-2-zoned industrial space accommodates production, storage, warehousing, and distribution operations.
Where is this manufacturing property located?
The property is located at 1905 North Chamberlain Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 29,862 SF industrial building; RN‑2 zoning; Access to Highway 153, Amnicola Highway, I‑75, and I‑24
