Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5022 Old Godsey Ln Chattanooga, TN 37343

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Medical/office space available for lease in Hixson area.

    Type:Office
    Added:
    Aug 11, 2022
    Days on Market:
    1359
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 5022 Old Godsey Ln

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 5022 Old Godsey Ln Contact us

    $18 /Mo

    Size
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Bobby Ankar, CCIM

    Listing agent Bobby Ankar, CCIM License #TN 348757

    Listing office Real Estate Partners Chattanooga LLC

    Listing date Aug 11, 2022

    Source Crexi

    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 Real Estate Partners Chattanooga LLC

    Overview

    Hixson Medical/Office Anchor Tenant

    An anchor tenant opportunity is available for lease within the Hamill Professional Centre, suitable for medical or office space. The property is located in the Hixson area, just off Highway 153 and Hamill Road, directly across from CHI Memorial Hospital's Hixson campus and adjacent to the medical offices along Northpoint Blvd. Co-occupants include North River Periodontics and Implants, Benchmark Physical Therapy, CHI Memorial's MaryEllen Locher Breast Center, and Implants & Oral Surgery of Chattanooga. The space was previously used as an optical center but can continue as medical or be converted to office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Northgate Animal Hospital — 1600 Hamill Rd, Hixson, TN 37343

    Map

    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2361969
    Latitude
    35.1260105

    Nearby Similar for Lease

    • $28 SF/Yr

      Prime Northshore Retail/Office Space

      Sought-after location near dining, shopping, and downtown Chattanooga attractions.
      419 N Market St, Chattanooga, TN 37405
      View Details
    • Sponsored
      Contact for pricing

      Tallan Financial Center

      200 Martin Luther King Blvd, Unit 1000, Chattanooga, TN 37402
      View Details
    • $25 SF/Yr

      Historic Office Building in Chattanooga

      Restored historic office building in Chattanooga's Central Business District.
      109 E 7th Street, Chattanooga, TN 37402
      View Details
    • $22 SF/Yr

      New Office Space on Lee Highway

      Brand-new, customizable office space with excellent visibility and accessibility.
      6736 Lee Highway, Chattanooga, TN 37421
      View Details
    • $14 SF/Yr

      Chattanooga Commercial Suite For Rent

      Commercial suite in active business district, ideal for various uses.
      6111 Heritage Park Dr, Chattanooga, TN 37416
      View Details
    • $22 SF/Yr

      Downtown Chattanooga Office Space Available

      Prime office space in Chattanooga's business core, for lease.
      600 Georgia Avenue Suite 8, Chattanooga, TN 37402
      View Details
    • $26 SF/Yr

      Retail Space For Lease

      1,380 SF retail space with high visibility and ample parking.
      1414 Jenkins Road, Chattanooga, TN 37421
      View Details
    • $42 SF/Yr

      New Retail Development on Gunbarrel

      New retail or office suites on heavily traveled Gunbarrel Road.
      1909 Gunbarrel Road, Chattanooga, TN 37421
      View Details
    • $30 SF/Yr

      Iconic Building Retail Opportunity

      Retail spaces available in iconic building, opening 2025.
      1620 Riverfront Parkway, Chattanooga, TN 37408
      View Details
    • $18 SF/Yr

      Prime Chattanooga Office Space

      Centrally located office space with recent lobby renovations and highway access.
      325 Market St, Chattanooga, TN 37402
      View Details
    • $12 SF/Yr

      Retail Space Near Walmart Supercenter

      Retail spaces adjacent to high-performing Walmart Supercenter with national tenants.
      480 Greenway View Drive, Chattanooga, TN, 37411
      View Details
    • $30 SF/Yr

      Downtown Chattanooga Retail Space Available

      Retail space in downtown Chattanooga, anchored by Tapestry by Hilton.
      736 broad st, chattanooga , TN 37421
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical/office space available for lease in Hixson area.
    Where is this medical office space located?
    The property is located at 5022 Old Godsey Ln Chattanooga, TN.
    What are key features of this property?
    This property features: Anchor tenant opportunity in a highly desirable Hixson location.; Located directly across from CHI Memorial Hospital's Hixson campus.; Adjacent to medical offices along Northpoint Blvd.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bobby Ankar, CCIM
    Real Estate License ID: TN 348757
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!