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 Market96
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.
(818) 281-7893
Listed By:
Nick D'Argenzio · License #01915137
(818) 281-7893
Source:
Moodyscre
Added: Apr 27
Changed: Jul 30
Last Checked: Jul 30 at 12:23PM
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $537.6k | $12.00 |
| − Vacancy | −$43.0k | −$0.96 |
| EGI | $494.6k | $11.04 |
| − OpEx | −$148.4k | −$3.31 |
| NOI | $346.2k | $7.73 |
44,800 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
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
Current Use
Location Intelligence
Trade Area within ½ mile
902
Businesses Nearby
283k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 43%
Superstores 29%
Shops & Services 16%
Home Improvements & Furnishings 4%
Walmart
Superstores
82,830 visits/mo
0.2 miles
Chick-fil-A
Dining
47,701 visits/mo
0.3 miles
Starbucks
Dining
18,845 visits/mo
0.4 miles
Ollie's Bargain Outlet
Shops & Services
15,939 visits/mo
0.2 miles
Mongolian Grill
Dining
12,944 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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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
