Freestanding Retail and Office
For Sale
Contact for pricing
Pending
3450 BRAINERD RD, Chattanooga, TN 37411
Freestanding building with showroom/retail space, offices, conference room, and off-street parking on a high-traffic corridor.
Property Size2,000 SF
Days on Market65
Property Features for 3450 BRAINERD RD
General Information
Standard status
Pending
Size
2,000 SF
Class
A
Total Parking Spaces
5
Property subtype
Retail, Office
Zoning
Commercial
Investment Type
Owner/User
Additional Details
Traffic Count
40,000 vehicles/day
Building Details
Year Built
1978
Stories
1
Units
1
Listing Agency:
Coldwell Banker Kinard Realty
(423) 284-3233
Listed By:
Shawn Matthews · License #314204
Source:
Crexi
Added: Jun 8
Changed: Aug 8
Last Checked: Aug 2 at 11:42AM
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 Coldwell Banker Kinard Realty
Investment Insights
Based on property information with market context.
This freestanding commercial building offers approximately 2,000 square feet of flexible retail and office space. The interior includes a spacious retail/showroom area along with a large conference room, two private offices, and two restrooms. The exterior has been modernized and features large storefront windows to support storefront-oriented presentation. Additional visibility is provided by a roadside pole sign, and the property includes off-street parking for customer and staff convenience.
The property is located at 3450 Brainerd Road in Chattanooga, Tennessee, on one of the area’s most heavily traveled commercial corridors. The frontage provides strong street exposure with visibility to more than 40,000 vehicles per day. Access is described as convenient to Downtown Chattanooga, East Ridge, and Interstate 24.
With zoning of C-2, the building can support a variety of commercial uses and is well-suited for an owner-user seeking a professional storefront with back-office functionality. The combination of showroom/retail space, multiple offices, and a conference room also fits service-oriented and office-based users that want a customer-facing presence, along with on-site parking.
The property is located at 3450 Brainerd Road in Chattanooga, Tennessee, on one of the area’s most heavily traveled commercial corridors. The frontage provides strong street exposure with visibility to more than 40,000 vehicles per day. Access is described as convenient to Downtown Chattanooga, East Ridge, and Interstate 24.
With zoning of C-2, the building can support a variety of commercial uses and is well-suited for an owner-user seeking a professional storefront with back-office functionality. The combination of showroom/retail space, multiple offices, and a conference room also fits service-oriented and office-based users that want a customer-facing presence, along with on-site parking.
Key Highlights
- Freestanding commercial building on Brainerd Road at 3450 Brainerd Rd
- Approximately 2,000 SF flexible retail/showroom or office space with large storefront windows
- Interior includes a spacious retail/showroom area, large conference room, two private offices, and two restrooms
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
$22,950
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
7.65%
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%
$459,000
$459.0K
Cap Rate 7%
$327,857
$327.9K
Cap Rate 9%
$255,000
$255.0K
Market Conditions
NOI Build-Up for 2,000 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
$36.0K $18.00/SF
− Vacancy
−$5.4K −$2.70/SF
EGI
$30.6K $15.30/SF
− OpEx
−$7.7K −$3.82/SF
NOI
$23.0K $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 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%
$459,000
Cap Rate 7%
$327,857
Cap Rate 9%
$255,000
Alternative Uses
Best Use
Office B
$327.9K
$286.9K – $382.5K
NOI $22,950 @ 7.0% cap · market cap 7.65%
Second Best
Retail
$220.8K
$193.2K – $257.6K
NOI $15,456 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$441.7K
$386.5K – $515.3K
NOI $30,920 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building with showroom/retail space, offices, conference room, and off-street parking on a high-traffic corridor.
Where is this retail space located?
The property is located at 3450 BRAINERD RD Chattanooga, TN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Freestanding commercial building on Brainerd Road at 3450 Brainerd Rd; Approximately 2,000 SF flexible retail/showroom or office space with large storefront windows; Interior includes a spacious retail/showroom area, large conference room, two private offices, and two restrooms
