Mixed-Use Property with
For Sale
Contact for pricing
4431 HWY 58, Chattanooga, TN 37416
Commercially zoned building combining office and retail functions along Highway 58 in Chattanooga.
Property Size3,040 SF
Price / SF$164.14
Days on Market8
Property Features for 4431 HWY 58
General Information
Standard status
Active
Size
3,040 SF
Property subtype
Retail, Office, Mixed Use
Zoning
Commercial
Investment Type
Owner/User
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1958
Buildings
1
Stories
1
Units
1
Tenancy
Single
Building Size
3,040 SF
Listing Agency:
Horizon Sotheby's International Realty.
Listed By:
Byron Kelly · License #TN 281751
Source:
Crexi
Added: Aug 26
Changed: Sep 1
Last Checked: Sep 1 at 8:26PM
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 Horizon Sotheby's International Realty.
Investment Insights
Based on property information with market context.
This 3,040-square-foot mixed-use commercial building combines office and retail functions within a well-maintained property constructed in 1958. The space is currently being used for an established retail operation, with a visible storefront, direct road access, and an interior described as ready for occupancy.
The property is located at 4431 Hwy 58 in Chattanooga, with direct frontage along the highway and exposure to heavy traffic. Established retail businesses, a grocery store, restaurants, and additional commercial activity surround the site. Commercial zoning supports the existing retail use and the property’s office, retail, and other commercial-use profile.
The property is located at 4431 Hwy 58 in Chattanooga, with direct frontage along the highway and exposure to heavy traffic. Established retail businesses, a grocery store, restaurants, and additional commercial activity surround the site. Commercial zoning supports the existing retail use and the property’s office, retail, and other commercial-use profile.
Key Highlights
- 3,040 SF mixed‑use commercial building
- Commercial zoning
- Office and retail configuration
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
$33,562
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
6.73%
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%
$671,240
$671.2K
Cap Rate 7%
$479,457
$479.5K
Cap Rate 9%
$372,911
$372.9K
Market Conditions
NOI Build-Up for 3,040 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
$58.4K $19.20/SF
− Vacancy
−$4.7K −$1.54/SF
EGI
$53.7K $17.66/SF
− OpEx
−$20.1K −$6.62/SF
NOI
$33.6K $11.04/SF
Area
Chattanooga, TN
Vacancy
8.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
37.50%
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%
$671,240
Cap Rate 7%
$479,457
Cap Rate 9%
$372,911
Alternative Uses
Best Use
Mixed Use
$479.5K
$419.5K – $559.4K
NOI $33,562 @ 7.0% cap · market cap 6.73%
Second Best
Retail
$335.6K
$293.7K – $391.6K
NOI $23,493 @ 7.0% cap · market cap 4.71%
Theoretical Best
Office A
$671.4K
$587.5K – $783.3K
NOI $46,998 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
161k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Shops & Services 23%
Groceries 18%
Electronics 1%
Food City
Groceries
29,404 visits/mo
0.1 miles
Speedway
Shops & Services
17,946 visits/mo
0.3 miles
Wendy's
Dining
14,947 visits/mo
0.1 miles
Bojangles' Famous Chicken 'n Biscuits
Dining
12,246 visits/mo
0.2 miles
Starbucks
Dining
11,801 visits/mo
0.0 miles
Demographics for 37416, TN
14,844
Population
6,598
Households
2.2
Avg Household Size
42
Median Age
34%
College-Educated
94%
High-School Grad
20.5 sq mi
ZIP Area
724
Density / Sq Mi
$65,083
Median Household Income
$37,379
Median Earnings
$1,086
Median Rent
$229,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned building combining office and retail functions along Highway 58 in Chattanooga.
Where is this mixed-use property located?
The property is located at 4431 HWY 58 Chattanooga, TN.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,040 SF mixed‑use commercial building; Commercial zoning; Office and retail configuration
