Two-Suite Flex
For Sale
Contact for pricing
405 E MAIN ST, Chattanooga, TN 37408
The building combines office and warehouse areas within two separate suites on a substantial commercial site.
Property Size91,990 SF
Lot Size4.12 Acres
Price / SF$94.03
Days on Market186
Property Features for 405 E MAIN ST
General Information
Standard status
Active
Size
91,990 SF
Lot size
4.12 Acres
Property subtype
Industrial, Special Purpose, Retail
Zoning
U-IX-4
Building Details
Year Built
1951
Buildings
1
Stories
1
Units
2
Building Size
91,990 SF
Tenancy
Multi
Listing Agency:
Hudson Commercial, LLC
Listed By:
Lee Harper · License #TN 284738
(423) 486-1020
Source:
Crexi
Added: Apr 13
Changed: Oct 3
Last Checked: Oct 14 at 9:35PM
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 Hudson Commercial, LLC
Investment Insights
Based on property information with market context.
This flex property includes a 91,990-square-foot office and warehouse building arranged as two suites. Constructed in 1951, the improvements occupy a 4.12-acre site and provide both office and warehouse components within one commercial asset.
The property is located at 405 E Main Street in Chattanooga, Hamilton County, Tennessee, within the Southside community. Zoning is U-IX-4. The combination of substantial building area, dual-suite configuration, and land area defines the property’s core physical profile.
The property is located at 405 E Main Street in Chattanooga, Hamilton County, Tennessee, within the Southside community. Zoning is U-IX-4. The combination of substantial building area, dual-suite configuration, and land area defines the property’s core physical profile.
Key Highlights
- 91,990‑square‑foot office and warehouse building
- 4.12‑acre commercial site
- Two‑suite configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$561,384
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,227,680
$11.2M
Cap Rate 7%
$8,019,771
$8.0M
Cap Rate 9%
$6,237,600
$6.2M
Market Conditions
NOI Build-Up for 91,990 SF
Gross rent
$684.4K $7.44/SF
− Vacancy
−$24.0K −$0.26/SF
EGI
$660.5K $7.18/SF
− OpEx
−$99.1K −$1.08/SF
NOI
$561.4K $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%
$11,227,680
Cap Rate 7%
$8,019,771
Cap Rate 9%
$6,237,600
Alternative Uses
Best Use
Office B
$15.08M
$13.19M – $17.59M
NOI $1,055,585 @ 7.0% cap · market cap 12.20%
Second Best
Flex RnD
$12.39M
$10.84M – $14.46M
NOI $867,484 @ 7.0% cap · market cap 10.03%
Theoretical Best
Office A
$20.32M
$17.78M – $23.70M
NOI $1,422,151 @ 7.0% cap · market cap 16.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,711
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37408, TN
3,353
Population
1,945
Households
1.7
Avg Household Size
33
Median Age
59%
College-Educated
96%
High-School Grad
2.1 sq mi
ZIP Area
1,597
Density / Sq Mi
$91,000
Median Household Income
$65,377
Median Earnings
$1,338
Median Rent
$460,000
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 Office in South region
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Similar Off Market Nearby
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- Chattanooga Catering — 232 E 11th St, Chattanooga, TN 37402
Frequently Asked Questions
What type of property is this?
Flex space - The building combines office and warehouse areas within two separate suites on a substantial commercial site.
Where is this flex space located?
The property is located at 405 E MAIN ST Chattanooga, TN.
What is the asking price?
The asking price for this property is $8,650,000.
What are key features of this property?
This property features: 91,990‑square‑foot office and warehouse building; 4.12‑acre commercial site; Two‑suite configuration
