Open-Plan Storefront
3201 Wilcox Boulevard, Chattanooga, TN 37411
For Sale
Contact for pricing
The interior includes a broad retail area, rear stockroom, restrooms, and a service area.
Property Size10,000 SF
Lot Size0.98 Acres
Price / SF$105
Days on Market8
Property Features for 3201 Wilcox Boulevard
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Site & Location
Neighborhood
Pylon Signage
Road Access
Building Details
Year Built
Year Renovated
Buildings
Tenancy
Listing Agency:
Herman Walldorf Commercial, Inc.
Listed By:
Jason Lehn · License TN #323440
(423) 756-2400
Source:
Crexi
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 2:22PM
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.
This freestanding storefront property contains approximately 10,000 SF, arranged with a large retail area and separate rear stockroom, restrooms, and service area. The interior is in good condition. Built in 2001, the building received a major renovation and a 2,000 SF addition in 2014. Its open configuration supports continued single-tenant retail use; other reuse concepts or a multi-tenant layout would require applicable approvals and, where needed, infrastructure and interior changes.
The ±0.98-acre site is at the signalized meeting of Wilcox Boulevard and Greenwood Road, about one-half mile east of the Wilcox Boulevard tunnel. It has access from both roads, 35 parking spaces, approximately 200 feet of Wilcox Boulevard frontage, and a pylon sign facing the corridor.
The ±0.98-acre site is at the signalized meeting of Wilcox Boulevard and Greenwood Road, about one-half mile east of the Wilcox Boulevard tunnel. It has access from both roads, 35 parking spaces, approximately 200 feet of Wilcox Boulevard frontage, and a pylon sign facing the corridor.
Key Highlights
- Approximately 10,000 SF of interior space
- ±0.98‑acre site with 35 parking spaces
- Approximately 200 feet of frontage on Wilcox Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,280
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,545,600
$1.5M
Cap Rate 7%
$1,104,000
$1.1M
Cap Rate 9%
$858,667
$858.7K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$120.0K $12.00/SF
− Vacancy
−$9.6K −$0.96/SF
EGI
$110.4K $11.04/SF
− OpEx
−$33.1K −$3.31/SF
NOI
$77.3K $7.73/SF
Area
Chattanooga, TN
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,545,600
Cap Rate 7%
$1,104,000
Cap Rate 9%
$858,667
Alternative Uses
Best Use
Retail
$1.10M
$966.0K – $1.29M
NOI $77,280 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,598 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,996 visits/mo
0.1 miles
Shell
Shops & Services
6,616 visits/mo
0.2 miles
S K Food Mart
Shops & Services
1,468 visits/mo
0.2 miles
Demographics for 37411, TN
17,499
Population
8,807
Households
2
Avg Household Size
40
Median Age
29%
College-Educated
90%
High-School Grad
7.3 sq mi
ZIP Area
2,397
Density / Sq Mi
$50,180
Median Household Income
$34,045
Median Earnings
$1,031
Median Rent
$216,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Storefront properties in Hamilton County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Storefront property - The interior includes a broad retail area, rear stockroom, restrooms, and a service area.
Where is this storefront property located?
The property is located at 3201 Wilcox Boulevard Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Approximately 10,000 SF of interior space; ±0.98‑acre site with 35 parking spaces; Approximately 200 feet of frontage on Wilcox Boulevard
