Flex Space with Office and
3200 N HAWTHORNE ST, Chattanooga, TN 37406
For Sale
Contact for pricing
A renovated office component and two warehouse areas support a range of commercial operations.
Property Size14,060 SF
Lot Size0.90 Acres
Price / SF$179.94
Days on Market43
Property Features for 3200 N HAWTHORNE ST
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Warehouse Space
Office Build-Out
Drive-In Doors
Additional Details
Property Use
Building Details
Year Renovated
Buildings
Building Size
Listing Agency:
Herman Walldorf Commercial, Inc.
Listed By:
Jason Lehn · License TN #323440
(423) 756-2400
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 8 at 3:53PM
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.
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Investment Insights
Based on property information with market context.
At 3200 N Hawthorne Street, this 14,060-square-foot flex property combines 6,060 square feet of office space with 8,000 square feet of warehouse and storage. Renovated in 2019, the office layout includes reception, 19 private offices, two conference rooms, a break room, and open workstation area. The warehouse is divided into 3,100-square-foot and 4,900-square-foot sections, each with a 10-by-10-foot grade-level loading door.
The property occupies 0.9 acres and has a level site, ample parking, and a fenced outdoor yard. It is less than a mile from Amnicola Highway and 4 miles, or 7 minutes, from Tennessee Highway 153. I-H zoning and the office-warehouse configuration accommodate a range of flex and industrial uses.
The property occupies 0.9 acres and has a level site, ample parking, and a fenced outdoor yard. It is less than a mile from Amnicola Highway and 4 miles, or 7 minutes, from Tennessee Highway 153. I-H zoning and the office-warehouse configuration accommodate a range of flex and industrial uses.
Key Highlights
- 14,060‑square‑foot building on 0.9 acres
- 6,060 square feet of office space and 8,000 square feet of warehouse and storage
- Office renovated in 2019; layout includes 19 private offices and two conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,589
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,780
$2.7M
Cap Rate 7%
$1,894,129
$1.9M
Cap Rate 9%
$1,473,211
$1.5M
Market Conditions
NOI Build-Up for 14,060 SF
Gross rent
$219.3K $15.60/SF
− Vacancy
−$15.4K −$1.09/SF
EGI
$204.0K $14.51/SF
− OpEx
−$71.4K −$5.08/SF
NOI
$132.6K $9.43/SF
Area
Chattanooga, TN
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,651,780
Cap Rate 7%
$1,894,129
Cap Rate 9%
$1,473,211
Alternative Uses
Best Use
Flex RnD
$1.89M
$1.66M – $2.21M
NOI $132,589 @ 7.0% cap · market cap 5.24%
Second Best
Warehouse
$1.23M
$1.07M – $1.43M
NOI $85,803 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$3.11M
$2.72M – $3.62M
NOI $217,365 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
385
Businesses Nearby
Balanced
Demand for This Use
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
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Market
Properties on Market for Flex space in Hamilton County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Eggstravagant Rolls — 3005 Dodson Ave, Chattanooga, TN 37406
Frequently Asked Questions
What type of property is this?
Flex space - A renovated office component and two warehouse areas support a range of commercial operations.
Where is this flex space located?
The property is located at 3200 N HAWTHORNE ST Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,530,000.
What are key features of this property?
This property features: 14,060‑square‑foot building on 0.9 acres; 6,060 square feet of office space and 8,000 square feet of warehouse and storage; Office renovated in 2019; layout includes 19 private offices and two conference rooms
