Versatile Commercial Property in
For Sale
Contact for pricing
Pending
2507 BLISS AVE, Chattanooga, TN 37406
Flexible commercial property ideal for warehouse, storage, office, or contractor use.
Property Size2,607 SF
Days on Market104
Property Features for 2507 BLISS AVE
General Information
Standard status
Pending
Size
2,607 SF
Property subtype
Industrial, Land
Zoning
Commercial
Building Details
Stories
1
Units
1
Listing Agency:
Real Broker
(423) 529-0696
Listed By:
Corey Ballew · License #332263
Source:
Crexi
Added: May 19
Changed: Aug 8
Last Checked: Jul 24 at 6:36PM
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 Real Broker
Investment Insights
Based on property information with market context.
This commercial property on Bliss Ave in Chattanooga, TN, presents an opportunity for investors, developers, owner-operators, or businesses seeking flexible commercial space. It is suited for warehouse development, self-storage facilities, contractor yards, equipment or vehicle lot storage, distribution operations, flex space, or commercial office use. The property provides access to major roadways, downtown Chattanooga, manufacturing hubs, and interstate connections, making it well-positioned for logistics, service-based businesses, and industrial operations. The property offers potential for immediate use, redevelopment, or long-term investment appreciation. It is ideal for establishing a new business location, expanding operations, creating income-producing storage space, or securing commercial land in a growing market. The property size is 2607 square feet.
Key Highlights
- Strategic location in a growing industrial and business corridor with convenient access to major roadways, downtown Chattanooga, manufacturing hubs, and interstate connections.
- Flexible commercial potential suitable for warehouse, self‑storage, lot storage, office, contractor use, distribution, or flex space.
- Offered at $200,000, presenting an outstanding opportunity for investors, developers, owner‑operators, or businesses.
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
$15,910
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
7.95%
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%
$318,200
$318.2K
Cap Rate 7%
$227,286
$227.3K
Cap Rate 9%
$176,778
$176.8K
Market Conditions
NOI Build-Up for 2,607 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
$19.4K $7.44/SF
− Vacancy
−$679 −$0.26/SF
EGI
$18.7K $7.18/SF
− OpEx
−$2.8K −$1.08/SF
NOI
$15.9K $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%
$318,200
Cap Rate 7%
$227,286
Cap Rate 9%
$176,778
Alternative Uses
Best Use
Office B
$427.4K
$373.9K – $498.6K
NOI $29,915 @ 7.0% cap · market cap 14.96%
Second Best
Self Storage
$320.0K
$280.0K – $373.4K
NOI $22,402 @ 7.0% cap · market cap 11.20%
Theoretical Best
Office A
$575.8K
$503.8K – $671.7K
NOI $40,304 @ 7.0% cap · market cap 20.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Explore this area
Business Placement
Demographics for 37406, TN
12,422
Population
5,894
Households
2.1
Avg Household Size
36
Median Age
16%
College-Educated
85%
High-School Grad
12.1 sq mi
ZIP Area
1,027
Density / Sq Mi
$42,993
Median Household Income
$31,076
Median Earnings
$944
Median Rent
$150,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Flexible commercial property ideal for warehouse, storage, office, or contractor use.
Where is this commercial land located?
The property is located at 2507 BLISS AVE Chattanooga, TN.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Strategic location in a growing industrial and business corridor with convenient access to major roadways, downtown Chattanooga, manufacturing hubs, and interstate connections.; Flexible commercial potential suitable for warehouse, self‑storage, lot storage, office, contractor use, distribution, or flex space.; Offered at $200,000, presenting an outstanding opportunity for investors, developers, owner‑operators, or businesses.
