Brick Retail Building with
For Sale
$2,000,000
3920 Dayton Boulevard, Chattanooga, TN 37415
COMMERCIAL - Chattanooga, TN
Property Size11,262 SF
Lot Size0.50 Acres
Price / SF$177.59
Days on Market160
Property Features for 3920 Dayton Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Interior features
High Speed Internet
Exterior features
Balcony
Appliances
Convection Oven, Dishwasher, Electric Oven, Microwave, Refrigerator
Lot features
Level, Level
Elementary school
Red Bank
Middle school
Red Bank
High school
Red Bank
Directions
Start on U.S. Route 27 North heading toward Red Bank. Continue on US-27 North for about 3 miles. Take the exit for Dayton Boulevard / Red Bank. Turn left onto Dayton Blvd at the end of the ramp. Continue north on Dayton Blvd for about 0.7 miles through the Red Bank commercial corridor. 3920 Dayton Blvd will be on the right side of the road.
Standard status
Active
APN
109p G 008
Size
11,262 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Annual Amount
8010
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Multi Units, Central Air, Zoned
Water source
Public
Building Details
Year built
1930
Flooring type
Hardwood
Building materials
Brick
Roof type
Flat
Listing Agency:
Real Broker
(844) 594-7325
Listed By:
Corey Ballew · License #332263
(423) 529-0696
Added: Mar 10
Changed: Aug 4
Last Checked: Aug 16 at 1:06AM
MLS# 20261206
Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
3920 Dayton Blvd is a brick retail building offering a spacious, flexible layout suitable for retail, antiques, boutique shops, showrooms, galleries, or specialty markets. The structure includes open space that can support a variety of commercial setups, including multi-vendor retail concepts, antique markets, curated boutiques, and specialty retail environments. Interior features include high-speed internet, and the building is served by public water and public sewer. Heating is central electric, and cooling is central air with multi units and zoned operation. The exterior includes a balcony, and the roof is flat.
Set on a 0.5-acre site, the property is positioned along the Dayton Boulevard commercial corridor in Red Bank. It is described as being minutes from downtown Chattanooga with access to US-27 and downtown via a north-south route. Parking access is available behind the building via Redding Road.
Built in 1930, this Commercial-zoned property totals 11,262 square feet and is designed for storefront-facing retail use with room for adaptable merchandising and visitor-oriented experiences.
Set on a 0.5-acre site, the property is positioned along the Dayton Boulevard commercial corridor in Red Bank. It is described as being minutes from downtown Chattanooga with access to US-27 and downtown via a north-south route. Parking access is available behind the building via Redding Road.
Built in 1930, this Commercial-zoned property totals 11,262 square feet and is designed for storefront-facing retail use with room for adaptable merchandising and visitor-oriented experiences.
Key Highlights
- Commercial‑zoned retail building on 0.5 acres
- 11,262 SF brick building with flexible open layout
- Balcony and flat roof
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
$87,033
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
4.35%
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%
$1,740,660
$1.7M
Cap Rate 7%
$1,243,329
$1.2M
Cap Rate 9%
$967,033
$967.0K
Market Conditions
NOI Build-Up for 11,262 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
$135.1K $12.00/SF
− Vacancy
−$10.8K −$0.96/SF
EGI
$124.3K $11.04/SF
− OpEx
−$37.3K −$3.31/SF
NOI
$87.0K $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 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%
$1,740,660
Cap Rate 7%
$1,243,329
Cap Rate 9%
$967,033
Alternative Uses
Best Use
Retail
$1.24M
$1.09M – $1.45M
NOI $87,033 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,109 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
3,552 visits/mo
0.3 miles
Demographics for 37415, TN
23,580
Population
11,970
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,347
Density / Sq Mi
$67,027
Median Household Income
$42,933
Median Earnings
$1,240
Median Rent
$261,900
Median Home Value
Market
Vacancy Rate% for Retail 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?
Retail space - Commercially zoned brick retail building with balcony, central electric HVAC, and public utilities on a 0.5-acre lot.
Where is this retail space located?
The property is located at 3920 Dayton Boulevard Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Commercial‑zoned retail building on 0.5 acres; 11,262 SF brick building with flexible open layout; Balcony and flat roof
