Office
For Sale
Contact for pricing
4704 Hixson Pike, Hixson, TN 37343
Two floors support separate leasing arrangements for multiple occupants.
Property Size3,632 SF
Price / SF$178.96
Days on Market16
Property Features for 4704 Hixson Pike
General Information
Standard status
Active
Size
3,632 SF
Class
C
Total Parking Spaces
22
Property subtype
Office
Zoning
R-4
Occupancy
100%
Lease Type
Gross
Investment Type
Value Add
Net Operating Income
$60,000
Building Details
Year Built
1966
Year Renovated
2006
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
NAI Charter Real Estate
Listed By:
Bryan Rudisill · License #TN 241817
(423) 267-6549
Source:
Crexi
Added: Aug 18
Changed: Sep 1
Last Checked: Sep 1 at 9:27PM
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 NAI Charter Real Estate
Investment Insights
Based on property information with market context.
This 3,632-square-foot office building was constructed in 1966 and is arranged across two floors. Each floor is leased separately, providing a multitenant configuration within the property.
The property is located at 4704 Hixson Pike in Hixson, Tennessee, within the Chattanooga area. It carries R-4 zoning and is offered for sale.
The property is located at 4704 Hixson Pike in Hixson, Tennessee, within the Chattanooga area. It carries R-4 zoning and is offered for sale.
Key Highlights
- 3,632‑square‑foot office building
- Two floors leased separately
- Multitenant office 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
$29,780
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
4.58%
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%
$595,600
$595.6K
Cap Rate 7%
$425,429
$425.4K
Cap Rate 9%
$330,889
$330.9K
Market Conditions
NOI Build-Up for 3,632 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
$41.4K $11.40/SF
− Vacancy
−$1.7K −$0.47/SF
EGI
$39.7K $10.93/SF
− OpEx
−$9.9K −$2.73/SF
NOI
$29.8K $8.20/SF
Area
Hamilton County, TN
Vacancy
4.10%
Lease Rate
$11.40 /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%
$595,600
Cap Rate 7%
$425,429
Cap Rate 9%
$330,889
Alternative Uses
Best Use
Office B
$425.4K
$372.3K – $496.3K
NOI $29,780 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$603.1K
$527.7K – $703.7K
NOI $42,219 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Explore this area
Business Placement
Demographics for 37343, TN
43,626
Population
19,031
Households
2.3
Avg Household Size
42
Median Age
38%
College-Educated
93%
High-School Grad
42.1 sq mi
ZIP Area
1,036
Density / Sq Mi
$79,177
Median Household Income
$45,151
Median Earnings
$1,258
Median Rent
$275,300
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?
Office building - Two floors support separate leasing arrangements for multiple occupants.
Where is this office building located?
The property is located at 4704 Hixson Pike Hixson, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,632‑square‑foot office building; Two floors leased separately; Multitenant office configuration
