Building Details

Year Built 1950

Stories 1

Units 1

Listing Agency: Keller Williams Realty

Listed By: Nate Card · License #323726 Show Phone

Source: Crexi

Added: May 13 Changed: Oct 19 Last Checked: Oct 20 at 6:34PM

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Investment Insights

Based on property information with market context.

This freestanding, versatile commercial building offers two distinct levels for mixed-use flexibility. The upper level totals 7,395 SF and is set up for retail, showroom, or storefront use. The lower level also totals 7,395 SF and is designed for storage, warehouse, or garage uses, with roll-up doors providing practical loading and access.

The property is located along the high-traffic corridor of Dayton Blvd in Red Bank, TN, approximately 2 miles from Downtown Chattanooga and near Highway 27, supporting convenient regional access.

With a split configuration and multiple potential uses tied to each level, the building suits an owner-user looking to occupy part of the space while generating additional monthly income from other tenants.

Key Highlights

• Freestanding 14,790 SF mixed‑use building (built 1950) on the high‑traffic corridor of Dayton Blvd.
• Upper level features 7,395 SF suitable for retail, showroom, or storefront use.
• Lower level offers 7,395 SF for storage, warehouse, or garage use, with roll‑up doors for loading access.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$139,473

Cap Rate

8.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,789,460 $2.8M

Cap Rate 7%

$1,992,471 $2.0M

Cap Rate 9%

$1,549,700 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,790 SF

Gross rent

$230.7K $15.60/SF

− Vacancy

−$16.2K −$1.09/SF

EGI

$214.6K $14.51/SF

− OpEx

−$75.1K −$5.08/SF

NOI

$139.5K $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%

$2,789,460

Cap Rate 7%

$1,992,471

Cap Rate 9%

$1,549,700

Alternative Uses

Best Use

Flex RnD

$1.99M

$1.74M – $2.32M (±1% cap)

NOI $139,473 @ 7.0% cap · market cap 8.21%

Second Best

Retail

$1.63M

$1.43M – $1.90M (±1% cap)

NOI $114,297 @ 7.0% cap · market cap 6.73%

Theoretical Best

Office A

$3.27M

$2.86M – $3.81M (±1% cap)

NOI $228,651 @ 7.0% cap · market cap 13.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mango's Décor & Co. Furniture & Home Goods

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

213

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 37415, TN

23,580

Population

11,970

Households

2

Avg Household Size

38

Median Age

45%

College-Educated

95%

High-School Grad

17.5 sq mi

ZIP Area

1,347

Density / Sq Mi

$67,027

Median Household Income

$42,933

Median Earnings

$1,240

Median Rent

$261,900

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Frequently Asked Questions

What type of property is this?

Flex space - Freestanding versatile building with upper-level retail/showroom space and a lower level built for roll-up door loading.

Where is this flex space located?

The property is located at 2112 DAYTON BLVD Red Bank, TN.

What is the asking price?

The asking price for this property is $1,699,000.

What are key features of this property?

This property features: Freestanding 14,790 SF mixed‑use building (built 1950) on the high‑traffic corridor of Dayton Blvd.; Upper level features 7,395 SF suitable for retail, showroom, or storefront use.; Lower level offers 7,395 SF for storage, warehouse, or garage use, with roll‑up doors for loading access.