Commercial Flex Property with
2507 MCCALLIE AVE Chattanooga, TN 37404
For Sale
Contact for pricing
Office and medical-ready buildings on a commercial corridor with frontage, front and rear parking, and a full-width back yard.
Property Size3,175 SF
Price / SF$102.36
Days on Market78
Property Features for 2507 MCCALLIE AVE
General Information
- Standard status
- Active
- Size
- 3,175 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1925
Listing Agency:
Herman Walldorf Commercial, Inc.
(423) 756-2400
Listed By:
Kate Eischeid · License #TN 340379
Source:
Crexi
Added: May 7
Changed: Jul 23
Last Checked: Jul 23 at 7:01AM
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 Herman Walldorf Commercial, Inc.
Investment Insights
Based on property information with market context.
Well-positioned commercial property on McCallie Avenue offered for sale as an owner-user or investment opportunity. The primary building at 2507 McCallie totals 1,686 SF and is described as well-suited for office or medical use. A secondary structure at 2509 McCallie totals 1,489 SF and offers flexibility for storage, expansion, or future redevelopment based on buyer needs. The property is offered as-is, and all images provided may be digitally edited to illustrate potential use and appearance.
The site includes approximately 100 feet of frontage on McCallie Avenue, providing visibility and signage opportunity, plus convenient access with both front and rear parking. It is located adjacent to Parkridge Medical Center and in close proximity to other healthcare and professional destinations, and the property sits along a public transit route.
Zoned C-C (Commercial Corridor), the property allows for a range of uses described in the listing, including office, medical, retail, or residential conversion. A large back yard stretches the full width of the property, offering room for additional parking and/or outdoor space.
The site includes approximately 100 feet of frontage on McCallie Avenue, providing visibility and signage opportunity, plus convenient access with both front and rear parking. It is located adjacent to Parkridge Medical Center and in close proximity to other healthcare and professional destinations, and the property sits along a public transit route.
Zoned C-C (Commercial Corridor), the property allows for a range of uses described in the listing, including office, medical, retail, or residential conversion. A large back yard stretches the full width of the property, offering room for additional parking and/or outdoor space.
Key Highlights
- Two‑building commercial property built in 1925 on McCallie Avenue: 2507 McCallie (1,686 SF) and 2509 McCallie (1,489 SF).
- Approximately 100 ft of frontage on McCallie Avenue with both front and rear parking and signage opportunity.
- Large full‑width backyard that can support additional parking and/or outdoor space.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.1k | $12.00 |
| − Vacancy | −$3.0k | −$0.96 |
| EGI | $35.1k | $11.04 |
| − OpEx | −$10.5k | −$3.31 |
| NOI | $24.5k | $7.73 |
3,175 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Office B
$520.5K
$455.4K – $607.2K
NOI $36,433 @ 7.0% cap · market cap 11.21%
Second Best
Healthcare Medical
$505.2K
$442.1K – $589.4K
NOI $35,364 @ 7.0% cap · market cap 10.88%
Theoretical Best
Office A
$701.2K
$613.6K – $818.1K
NOI $49,085 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jennifer A Hartline
Pediatrician
FAQs
What type of property is this?
Office building - Office and medical-ready buildings on a commercial corridor with frontage, front and rear parking, and a full-width back yard.
Where is this office building located?
The property is located at 2507 MCCALLIE AVE Chattanooga, TN.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two‑building commercial property built in 1925 on McCallie Avenue: 2507 McCallie (1,686 SF) and 2509 McCallie (1,489 SF).; Approximately 100 ft of frontage on McCallie Avenue with both front and rear parking and signage opportunity.; Large full‑width backyard that can support additional parking and/or outdoor space.
