Single-Story Flex
For Sale
Contact for pricing
2108 BUCKLEY ST, Chattanooga, TN 37404
Commercially zoned flex space with warehouse improvements and an adaptable single-story layout.
Property Size4,620 SF
Lot Size0.32 Acres
Price / SF$81.17
Days on Market116
Property Features for 2108 BUCKLEY ST
General Information
Standard status
Active
Size
4,620 SF
Class
D
Lot size
0.32 Acres
Property subtype
Industrial
Zoning
Commercial
Building Details
Year Built
1977
Buildings
1
Stories
1
Units
1
Building Size
4,620 SF
Construction
block
Listing Agency:
KW Commercial Chattanooga - Downtown
Listed By:
Ashley Missel · License #TN 358225
Source:
Crexi
Added: May 7
Changed: Aug 29
Last Checked: Aug 29 at 11:58PM
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 KW Commercial Chattanooga - Downtown
Investment Insights
Based on property information with market context.
This single-story flex property provides approximately 4,620 square feet on ±0.32 acres. The building was constructed in 1977 and includes warehouse storage improvements, block construction, and a layout adaptable to contractor operations, creative workspace, storage, light industrial, automotive-related services, and distribution. Commercial zoning supports the property’s broad operational profile.
The site is positioned in Chattanooga’s Southside and Highland Park corridor, with proximity to Downtown Chattanooga, Main Street, and interstate access. The surrounding area includes ongoing redevelopment, local businesses, and growing residential density. The combination of warehouse functionality and access to the urban core supports use by an owner-occupant or investor.
The site is positioned in Chattanooga’s Southside and Highland Park corridor, with proximity to Downtown Chattanooga, Main Street, and interstate access. The surrounding area includes ongoing redevelopment, local businesses, and growing residential density. The combination of warehouse functionality and access to the urban core supports use by an owner-occupant or investor.
Key Highlights
- Approximately 4,620 SF flex and warehouse property
- ±0.32‑acre site in Chattanooga’s Southside and Highland Park corridor
- Commercial zoning with single‑story configuration
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
$28,194
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
7.52%
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%
$563,880
$563.9K
Cap Rate 7%
$402,771
$402.8K
Cap Rate 9%
$313,267
$313.3K
Market Conditions
NOI Build-Up for 4,620 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
$34.4K $7.44/SF
− Vacancy
−$1.2K −$0.26/SF
EGI
$33.2K $7.18/SF
− OpEx
−$5.0K −$1.08/SF
NOI
$28.2K $6.10/SF
Area
Chattanooga, TN
Vacancy
3.50%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
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%
$563,880
Cap Rate 7%
$402,771
Cap Rate 9%
$313,267
Alternative Uses
Best Use
Flex RnD
$622.4K
$544.6K – $726.1K
NOI $43,568 @ 7.0% cap · market cap 11.62%
Second Best
Warehouse
$402.8K
$352.4K – $469.9K
NOI $28,194 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.02M
$892.8K – $1.19M
NOI $71,424 @ 7.0% cap · market cap 19.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
448
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Cafe Le Mont — 801 Dodds Ave, Chattanooga, TN 37404
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned flex space with warehouse improvements and an adaptable single-story layout.
Where is this flex space located?
The property is located at 2108 BUCKLEY ST Chattanooga, TN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Approximately 4,620 SF flex and warehouse property; ±0.32‑acre site in Chattanooga’s Southside and Highland Park corridor; Commercial zoning with single‑story configuration
