Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space Near Highway 153 Title is generated by Realmo AI

    2115 Chapman Rd, Chattanooga, TN 37421

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office property conveniently located off Highway 153.

    Type:Office
    Added:
    Apr 8, 2019
    Days on Market:
    2603
    Last Refresh:
    May 12 at 10:56 pm

    Property Features for 2115 Chapman Rd

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 2115 Chapman Rd Contact us

    Suite 131 $10/Mo

    Size
    3,879 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Jason Hines

    Listing agent Jason Hines License #279815

    Listing office NAI Charter Real Estate

    Listing date Apr 8, 2019

    Source Crexi

    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 NAI Charter Real Estate

    HighLights

    • Convenient location off Hwy 153 at the Shallowford Road exit.
    • Located on Chapman Road.
    • Property is East of Hwy 153.
    • Situated behind Texaco.
    • Located beside Hunt Nissan.
    • Built in 1984.

    Overview

    Located east of Highway 153, this office property is accessible from the Shallowford Road exit. Situated on Chapman Road, it is positioned behind a Texaco station and adjacent to Hunt Nissan. The property benefits from a convenient location near Highway 153.
    Property Profile Location Intelligence

    Current Use by Public Records

    Factory Direct Wallpaper (Bike/Boat/Book/etc) Store The Rock City Handyman, ... Hardware & Home Improvement Heartland Micropayments Loan Service Allied Universal® Security ... Security Service Blindsmax (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Hair Salon Big Box & Wholesale Store Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • ComputerWorks, LLC — 6050 Shallowford Rd Box 22483, Chattanooga, TN 37422
    • Litefoot Technology — change of address to:, 5901 Shallowford Rd Suite 135, Chattanooga, TN 37421
    • AnswerNet — 4295 Cromwell Rd, Chattanooga, TN 37421
    • Service Express | Chattanooga, Tennessee — 4295 Cromwell Rd #521, Chattanooga, TN 37421

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.19
    Latitude
    35.0553426

    Nearby Similar for Lease

    • Sponsored
      $129-$4,286/Mo
      11-1,292 SF

      Tallan Financial Center

      200 Martin Luther King Blvd, Unit 1000, Chattanooga, TN 37402
      View Details
    • $14 SF/Yr
      1,700 SF

      Chattanooga Commercial Suite For Rent

      Commercial suite in active business district, ideal for various uses.
      6111 Heritage Park Dr, Chattanooga, TN 37416
      View Details
    • $26 SF/Yr
      1,380 SF

      Retail Space For Lease

      1,380 SF retail space with high visibility and ample parking.
      1414 Jenkins Road, Chattanooga, TN 37421
      View Details
    • $28 SF/Yr
      11,544 SF

      Prime Northshore Retail/Office Space

      Sought-after location near dining, shopping, and downtown Chattanooga attractions.
      419 N Market St, Chattanooga, TN 37405
      View Details
    • $30 SF/Yr
      1,395 SF

      Downtown Chattanooga Retail Space Available

      Retail space in downtown Chattanooga, anchored by Tapestry by Hilton.
      736 broad st, chattanooga , TN 37421
      View Details
    • $30 SF/Yr
      1,071 SF

      Southside District Office Space

      Office space in Chattanooga's innovation, culture, and urban district.
      27 West 19th Street, Chattanooga, TN 37408
      View Details
    • $25 SF/Yr
      10,662 SF

      Historic Office Building in Chattanooga

      Restored historic office building in Chattanooga's Central Business District.
      109 E 7th Street, Chattanooga, TN 37402
      View Details
    • $22 SF/Yr
      5,800 SF

      New Office Space on Lee Highway

      Brand-new, customizable office space with excellent visibility and accessibility.
      6736 Lee Highway, Chattanooga, TN 37421
      View Details
    • $17 SF/Yr
      4,000 SF

      Versatile Space in Thriving Southside

      Adaptable 4,000 SF space ideal for retail or office.
      1800 Rossville Ave, Chattanooga, TN 37408
      View Details
    • $42 SF/Yr
      6,300 SF

      New Retail Development on Gunbarrel

      New retail or office suites on heavily traveled Gunbarrel Road.
      1909 Gunbarrel Road, Chattanooga, TN 37421
      View Details
    • $14 SF/Yr
      1,300 SF

      Fort Wood Retail Space

      1,300 SF retail suite near UTC and Erlanger.
      870 Vine Street, Chattanooga, TN 37403
      View Details
    • $30 SF/Yr
      7,028 SF

      Iconic Building Retail Opportunity

      Retail spaces available in iconic building, opening 2025.
      1620 Riverfront Parkway, Chattanooga, TN 37408
      View Details

    FAQs

    What type of property is this?
    Office space - Office property conveniently located off Highway 153.
    Where is this office space located?
    The property is located at 2115 Chapman Rd Chattanooga, TN.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: Convenient location off Hwy 153 at the Shallowford Road exit.; Located on Chapman Road.; Property is East of Hwy 153.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jason Hines
    Real Estate License ID: 279815
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2115 Chapman Rd, Chattanooga, TN 37421
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!