Mixed-Use Property with
For Sale
Contact for pricing
3222 CALHOUN AVE, Chattanooga, TN 37407
Commercial zoning pairs a residential structure with a detached building suitable for live-work, office, or workshop use.
Property Size1,104 SF
Price / SF$203.80
Days on Market48
Property Features for 3222 CALHOUN AVE
General Information
Standard status
Active
Size
1,104 SF
Property subtype
Office, Mixed Use
Zoning
Commercial
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Additional Details
Asking Price
$225,000
Building Details
Year Built
1948
Buildings
2
Stories
1
Units
1
Tenancy
Single
Listing Agency:
CHARLOTTE MABRY TEAM
Listed By:
Charlotte Mabry · License #228140
Source:
Crexi
Added: Jul 15
Changed: Aug 30
Last Checked: Aug 30 at 10:03PM
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 CHARLOTTE MABRY TEAM
Investment Insights
Based on property information with market context.
This mixed-use property combines a 1,104-square-foot, 3-bedroom, 1-bathroom single-family home with a detached 30 X 20 storage building. The outbuilding includes functioning plumbing and electricity, adding practical utility for storage, office, or workshop applications. Constructed in 1948, the property is zoned Commercial and may accommodate a live-work arrangement or professional office configuration, subject to applicable city requirements.
The property is located at 3222 Calhoun Avenue in Chattanooga, with the source information noting proximity to downtown and access to transit corridors and major employment hubs. Buyers should independently confirm dimensions, utility arrangements, and permitted uses under current zoning ordinances.
The property is located at 3222 Calhoun Avenue in Chattanooga, with the source information noting proximity to downtown and access to transit corridors and major employment hubs. Buyers should independently confirm dimensions, utility arrangements, and permitted uses under current zoning ordinances.
Key Highlights
- Commercial zoning designation
- 1,104‑square‑foot single‑family home
- 3 bedrooms and 1 bathroom
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
$12,668
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
5.63%
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%
$253,360
$253.4K
Cap Rate 7%
$180,971
$181.0K
Cap Rate 9%
$140,756
$140.8K
Market Conditions
NOI Build-Up for 1,104 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
$19.9K $18.00/SF
− Vacancy
−$3.0K −$2.70/SF
EGI
$16.9K $15.30/SF
− OpEx
−$4.2K −$3.82/SF
NOI
$12.7K $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 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%
$253,360
Cap Rate 7%
$180,971
Cap Rate 9%
$140,756
Alternative Uses
Best Use
Office B
$181.0K
$158.4K – $211.1K
NOI $12,668 @ 7.0% cap · market cap 5.63%
Second Best
Mixed Use
$174.1K
$152.4K – $203.1K
NOI $12,188 @ 7.0% cap · market cap 5.42%
Theoretical Best
Office A
$243.8K
$213.4K – $284.5K
NOI $17,068 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
463
Businesses Nearby
Explore this area
Business Placement
Demographics for 37407, TN
9,779
Population
3,540
Households
2.8
Avg Household Size
28
Median Age
7%
College-Educated
57%
High-School Grad
3.4 sq mi
ZIP Area
2,876
Density / Sq Mi
$33,785
Median Household Income
$27,018
Median Earnings
$891
Median Rent
$84,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial zoning pairs a residential structure with a detached building suitable for live-work, office, or workshop use.
Where is this mixed-use property located?
The property is located at 3222 CALHOUN AVE Chattanooga, TN.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Commercial zoning designation; 1,104‑square‑foot single‑family home; 3 bedrooms and 1 bathroom
