Fenced-Yard Flex
For Sale
$460,829
3925 Wilcox Boulevard, Chattanooga, TN 37411
Three buildings provide office, garage, and multi-bay workspace.
Property Size4,500 SF
Price / SF$102.41
Days on Market137
Property Features for 3925 Wilcox Boulevard
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Industrial
Listing Agency:
Merchant Real Estate Group
Listed By:
Barrett Kibble · License #TN 362791/GA 417162/AL 144691
(423) 715-9645
Source:
Cbre
Added: Jun 2
Changed: Oct 6
Last Checked: Oct 16 at 6:52AM
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 Merchant Real Estate Group
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Investment Insights
Based on property information with market context.
This flex property occupies 1.4 AC and includes three separate buildings with varied commercial functionality. Building 1 contains 315 SF of open office space and a restroom. Building 2 provides 960 SF of garage area with two 10x10 roll-up doors. The largest structure measures ±3,200 SF and includes five roll-up doors, two bay areas, two storage areas, a reception area, and two restrooms with exterior access.
A fenced yard supports outdoor storage or vehicle access, with three gates serving the site. One gate is positioned on Agawela Dr. at a lighted intersection. Signage is installed on the property, and the address is 3925 Wilcox Boulevard in Chattanooga, Tennessee.
A fenced yard supports outdoor storage or vehicle access, with three gates serving the site. One gate is positioned on Agawela Dr. at a lighted intersection. Signage is installed on the property, and the address is 3925 Wilcox Boulevard in Chattanooga, Tennessee.
Key Highlights
- 1.4 AC site with fenced yard space
- Three buildings totaling distinct office, garage, storage, and bay areas
- 315 SF Building 1 with open office and restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,462
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,240
$549.2K
Cap Rate 7%
$392,314
$392.3K
Cap Rate 9%
$305,133
$305.1K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$33.5K $7.44/SF
− Vacancy
−$1.2K −$0.26/SF
EGI
$32.3K $7.18/SF
− OpEx
−$4.8K −$1.08/SF
NOI
$27.5K $6.10/SF
Area
Chattanooga, TN
Vacancy
3.50%
Lease Rate
$7.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$549,240
Cap Rate 7%
$392,314
Cap Rate 9%
$305,133
Alternative Uses
Best Use
Flex RnD
$606.2K
$530.5K – $707.3K
NOI $42,436 @ 7.0% cap · market cap 9.21%
Second Best
Warehouse
$392.3K
$343.3K – $457.7K
NOI $27,462 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$993.8K
$869.6K – $1.16M
NOI $69,569 @ 7.0% cap · market cap 15.10%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Three buildings provide office, garage, and multi-bay workspace.
Where is this flex space located?
The property is located at 3925 Wilcox Boulevard Chattanooga, TN.
What is the asking price?
The asking price for this property is $460,829.
What are key features of this property?
This property features: 1.4 AC site with fenced yard space; Three buildings totaling distinct office, garage, storage, and bay areas; 315 SF Building 1 with open office and restroom
