Waterfront Investment
For Sale
Contact for pricing
210 HAMM RD, Chattanooga, TN 37405
Prime waterfront property with development potential in expanding corridor.
Property Size11,080 SF
Lot Size2.16 Acres
Price / SF$360.92
Days on Market148
Property Features for 210 HAMM RD
General Information
Standard status
Active
Size
11,080 SF
Class
A
Total Parking Spaces
25
Lot size
2.16 Acres
Property subtype
Industrial, Mixed Use, Land
Zoning
M-1
Occupancy
100%
Investment Type
Redevelopment
Building Details
Year Built
1998
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Keller Williams Realty
Listed By:
Nate Card · License #323726
(423) 664-1900
Source:
Crexi
Added: May 21
Changed: Oct 3
Last Checked: Oct 14 at 10:33PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This unique waterfront investment opportunity offers significant development potential. Zoned M-1, the property allows for a wide range of commercial or mixed-use possibilities. Situated in a rapidly expanding corridor west of the Coolidge Park area, the site is located among new developments and represents one of the last strategic waterfront opportunities in the area. The offering includes two parcels totaling approximately 2.16 acres: a vacant 1.13-acre lot and a 1.03-acre lot currently operating as a multi-tenant flex-space building. The existing flex-space property, with a size of 11080 square feet, has two active leases in place, providing current income while future development plans are considered. The surrounding area is experiencing substantial growth, with potential future townhouse developments and expansion of the riverwalk adding long-term value. This property is a chance to secure a location with strong upside potential for redevelopment, investment, mixed-use concepts, or continued income-producing use.
Key Highlights
- Prime waterfront location in a rapidly expanding corridor.
- Zoned M‑1, offering flexibility for commercial or mixed‑use development.
- Consists of two parcels totaling 2.16 acres, including a vacant lot and an income‑producing flex‑space building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,323
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,446,460
$2.4M
Cap Rate 7%
$1,747,471
$1.7M
Cap Rate 9%
$1,359,144
$1.4M
Market Conditions
NOI Build-Up for 11,080 SF
Gross rent
$212.7K $19.20/SF
− Vacancy
−$17.0K −$1.54/SF
EGI
$195.7K $17.66/SF
− OpEx
−$73.4K −$6.62/SF
NOI
$122.3K $11.04/SF
Area
Chattanooga, TN
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,446,460
Cap Rate 7%
$1,747,471
Cap Rate 9%
$1,359,144
Alternative Uses
Best Use
Mixed Use
$1.75M
$1.53M – $2.04M
NOI $122,323 @ 7.0% cap · market cap 3.06%
Second Best
Flex RnD
$1.49M
$1.31M – $1.74M
NOI $104,487 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$2.45M
$2.14M – $2.85M
NOI $171,295 @ 7.0% cap · market cap 4.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 37405, TN
18,231
Population
9,959
Households
1.8
Avg Household Size
36
Median Age
53%
College-Educated
92%
High-School Grad
54.3 sq mi
ZIP Area
336
Density / Sq Mi
$77,850
Median Household Income
$51,748
Median Earnings
$1,276
Median Rent
$416,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Mixed-use property - Prime waterfront property with development potential in expanding corridor.
Where is this mixed-use property located?
The property is located at 210 HAMM RD Chattanooga, TN.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: Prime waterfront location in a rapidly expanding corridor.; Zoned M‑1, offering flexibility for commercial or mixed‑use development.; Consists of two parcels totaling 2.16 acres, including a vacant lot and an income‑producing flex‑space building.
