Strip Mall with Long-Term
For Sale
Contact for pricing
480 Greenway View Dr, Chattanooga, TN 37411
Strip mall offering long-term tenancy in a retail building spanning 44,800 SF.
Property Size44,800 SF
Price / SF$109.38
Days on Market141
Property Features for 480 Greenway View Dr
General Information
Standard status
Active
Size
44,800 SF
Property subtype
RETAIL
Listing Agency:
BLVD Real Estate Investment Co.
Listed By:
Nick D'Argenzio · License #01434304
(818) 281-7893
Source:
Moodyscre
Added: Apr 27
Changed: Sep 7
Last Checked: Sep 13 at 8:35AM
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 BLVD Real Estate Investment Co.
Investment Insights
Based on property information with market context.
This strip mall offers a retail building with long-term tenancy. The property totals 44,800 SF, providing a consolidated footprint for retail operations under existing occupancy.
The address is 480 Greenway View Dr in Chattanooga, TN 37411. The offering is presented as available for sale.
With its single retail-building configuration and existing long-term tenancy, the property may appeal to buyers seeking established occupancy within a strip mall format.
The address is 480 Greenway View Dr in Chattanooga, TN 37411. The offering is presented as available for sale.
With its single retail-building configuration and existing long-term tenancy, the property may appeal to buyers seeking established occupancy within a strip mall format.
Key Highlights
- 44,800 SF strip mall retail building
- Long‑term tenancy in place
- For sale retail building offering
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
$346,214
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
7.07%
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%
$6,924,280
$6.9M
Cap Rate 7%
$4,945,914
$4.9M
Cap Rate 9%
$3,846,822
$3.8M
Market Conditions
NOI Build-Up for 44,800 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
$537.6K $12.00/SF
− Vacancy
−$43.0K −$0.96/SF
EGI
$494.6K $11.04/SF
− OpEx
−$148.4K −$3.31/SF
NOI
$346.2K $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%
$6,924,280
Cap Rate 7%
$4,945,914
Cap Rate 9%
$3,846,822
Alternative Uses
Best Use
Retail
$4.95M
$4.33M – $5.77M
NOI $346,214 @ 7.0% cap · market cap 7.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.89M
$8.66M – $11.54M
NOI $692,601 @ 7.0% cap · market cap 14.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
935
Businesses Nearby
220k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 38%
Dining 37%
Shops & Services 19%
Apparel 4%
Walmart
Superstores
82,830 visits/mo
0.1 miles
Chick-fil-A
Dining
47,701 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
15,939 visits/mo
0.4 miles
Mongolian Grill
Dining
12,944 visits/mo
0.4 miles
Dollar Tree
Shops & Services
11,933 visits/mo
0.1 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Strip mall - Strip mall offering long-term tenancy in a retail building spanning 44,800 SF.
Where is this strip mall located?
The property is located at 480 Greenway View Dr Chattanooga, TN.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 44,800 SF strip mall retail building; Long‑term tenancy in place; For sale retail building offering
