Live-Work Property with Medical
2605 JENKINS RD, Chattanooga, TN 37421
For Sale
Contact for pricing
A finished residence above a purpose-built clinic offers distinct work and living areas under one roof.
Property Size7,494 SF
Price / SF$126.77
Days on Market36
Property Features for 2605 JENKINS RD
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Condition
Road Access
Office Units
Property Use
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
Tower Property Group, LLC
Listed By:
Jon Hughes · License TN #294692
(423) 432-2990
Source:
Crexi
Added: Oct 5
Changed: Nov 8
Last Checked: Nov 8 at 5:47PM
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 Tower Property Group, LLC
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Investment Insights
Based on property information with market context.
This two-story live-work building contains 7,494 ± SF. The lower floor is configured as a medical office, with reception and check-in, a waiting room with a separate entrance, private treatment rooms, an X-ray room, and records and administrative space. The finished upper floor has a living area with a fireplace and exposed wood beams, a full kitchen, bedroom space, and an open loft. Covered porches extend around both levels.
The property fronts Jenkins Road near a signalized intersection. A paved driveway and parking area provide 15 ± spaces. Built in 1986, the building is about 2 miles from Hamilton Place, I-75, and the Gunbarrel Road retail and medical corridor.
The property fronts Jenkins Road near a signalized intersection. A paved driveway and parking area provide 15 ± spaces. Built in 1986, the building is about 2 miles from Hamilton Place, I-75, and the Gunbarrel Road retail and medical corridor.
Key Highlights
- 7,494 ± SF two‑story live‑work building
- Medical office includes reception, separate‑entry waiting room, treatment rooms, X‑ray room, and administrative space
- Finished upper level features a kitchen, living area, bedroom space, and open loft
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,994
Cap Rate
9.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,719,880
$1.7M
Cap Rate 7%
$1,228,486
$1.2M
Cap Rate 9%
$955,489
$955.5K
Market Conditions
NOI Build-Up for 7,494 SF
Gross rent
$134.9K $18.00/SF
− Vacancy
−$20.2K −$2.70/SF
EGI
$114.7K $15.30/SF
− OpEx
−$28.7K −$3.82/SF
NOI
$86.0K $11.48/SF
Area
Chattanooga, TN
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,719,880
Cap Rate 7%
$1,228,486
Cap Rate 9%
$955,489
Alternative Uses
Best Use
Office B
$1.23M
$1.07M – $1.43M
NOI $85,994 @ 7.0% cap · market cap 9.05%
Second Best
Healthcare Medical
$1.19M
$1.04M – $1.39M
NOI $83,471 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,856 @ 7.0% cap · market cap 12.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
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Business Placement
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Live-work space - A finished residence above a purpose-built clinic offers distinct work and living areas under one roof.
Where is this live-work space located?
The property is located at 2605 JENKINS RD Chattanooga, TN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 7,494 ± SF two‑story live‑work building; Medical office includes reception, separate‑entry waiting room, treatment rooms, X‑ray room, and administrative space; Finished upper level features a kitchen, living area, bedroom space, and open loft
