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    ISO-Certified Metal Finishing Facility Title is generated by Realmo AI

    2405 RIVERSIDE DR, Chattanooga, TN 37406

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    Acquisition includes a metal finishing operation, 13,000 SF facility, and equipment package with 3-phase power.

    Type:Industrial
    Property size:
    13,946 SF
    Price / SF:
    $265/SF
    Added:
    Jun 2, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 5:24 am

    Property Features for 2405 RIVERSIDE DR

    General Information

    Standard status
    Active
    Size
    13,946 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1977

    We can help!

    Listing Contact
    Shawn Matthews
    Shawn Matthews

    Listing agent Shawn Matthews License #314204

    Listing office Coldwell Banker Kinard Realty

    Listing date Jun 2, 2026

    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 Coldwell Banker Kinard Realty

    HighLights

    • Established Chattanooga metal finishing business operating for 68+ years, ISO‑certified
    • Includes approximately 13,000 SF industrial facility plus business and a substantial equipment package
    • 3‑phase power, 240V with ability to go to 480V
    • Equipment includes blast cabinets and automated air blast systems, shot jet blast, burnisher, finisher(s), and dryers
    • Material handling/finishing equipment includes multiple 50/40/20/15/8 cubic foot bowls and tumbling barrels
    • Gross revenue over $2.5M; industries served include automotive, tool manufacturing, and machined parts production

    Overview

    This offering combines an established metal finishing business with real estate and a substantial equipment package. The operation has been running for over 68 years and is ISO-certified, specializing in precision barrel finishing, vibratory finishing, deburring, polishing, cleaning, drying, steel shot blasting, and surface preparation. The included capabilities also cover steel shot and ceramic media cutting, polishing, corn drying and polishing, and soap/water chemical processing. The facility, approximately 13,000 SF, is supported by 3-phase power (240V with ability to go to 480V). Equipment included features multiple blast and finishing systems, dryers, tumbling barrels, and both automated and manual processing assets, along with material handling equipment including a 2024 Bobcat G20 (4,000 lb lift capacity) and a 2023 Doosan 15 (3,000 lb lift capacity).

    The property is located in Chattanooga, TN, with convenient access to major highways and regional manufacturing corridors. It serves industrial and manufacturing clients, including automotive, tool manufacturing, and machined parts production.

    For buyers or operators seeking an operating-ready platform, this combination provides a turnkey setup for metal finishing and surface preparation work, with documented business tenure and a focused manufacturing customer base. Financials and additional business information are available to qualified buyers.
    Location Intelligence

    Current Use by Public Records

    Logo, Park City ... General Contractor Park City Company, ... Chemical Plant Brandt Industries Factory

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2626553
    Latitude
    35.0694587

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    FAQs

    What type of property is this?
    Manufacturing property - Acquisition includes a metal finishing operation, 13,000 SF facility, and equipment package with 3-phase power.
    Where is this manufacturing property located?
    The property is located at 2405 RIVERSIDE DR Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: Established Chattanooga metal finishing business operating for 68+ years, ISO‑certified; Includes approximately 13,000 SF industrial facility plus business and a substantial equipment package; 3‑phase power, 240V with ability to go to 480V
    (423) 284-3233 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Shawn Matthews
    Shawn Matthews
    Real Estate License ID: 314204
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    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.

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