Warehouse With Loading
For Sale
Contact for pricing
5230 Hixson Pike, Chattanooga, TN 37343
Industrial building with a predominantly warehouse layout, flexible occupancy potential, and corridor access in Hixson.
Property Size12,960 SF
Price / SF$115.74
Days on Market216
Property Features for 5230 Hixson Pike
General Information
Standard status
Active
Size
12,960 SF
Class
B
Property subtype
Industrial
Zoning
C-C
Occupancy
27%
Lease Type
Gross
Investment Type
Value Add
Building Details
Year Built
1978
Year Renovated
2025
Tenancy
Multi
Listing Agency:
Merchant Real Estate Group
(423) 715-9645
Listed By:
Barrett Kibble · License #362791
Source:
Crexi
Added: Jan 28
Changed: Aug 31
Last Checked: Aug 30 at 3:35AM
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 Merchant Real Estate Group
Investment Insights
Based on property information with market context.
This 12,960-square-foot warehouse property was built in 1978 and occupies approximately 1 acre at 5230 Hixson Pike. The building is configured with an approximately 90/10 warehouse-to-office ratio, multiple loading options, and strong power capacity. Zoning is C-C.
Approximately 9,360 square feet is available for lease, while 3,600 square feet is leased to an existing tenant. The existing division supports either continued multi-tenant occupancy or a user seeking space within a larger industrial building. Located along Hixson Pike in Chattanooga, the property offers frontage and access along a major commercial corridor.
Approximately 9,360 square feet is available for lease, while 3,600 square feet is leased to an existing tenant. The existing division supports either continued multi-tenant occupancy or a user seeking space within a larger industrial building. Located along Hixson Pike in Chattanooga, the property offers frontage and access along a major commercial corridor.
Key Highlights
- 12,960 SF warehouse property on approximately 1 acre
- Approximately 9,360 SF available for lease
- 3,600 SF leased to an existing tenant
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
$122,215
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
8.15%
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%
$2,444,300
$2.4M
Cap Rate 7%
$1,745,929
$1.7M
Cap Rate 9%
$1,357,944
$1.4M
Market Conditions
NOI Build-Up for 12,960 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
$202.2K $15.60/SF
− Vacancy
−$14.2K −$1.09/SF
EGI
$188.0K $14.51/SF
− OpEx
−$65.8K −$5.08/SF
NOI
$122.2K $9.43/SF
Area
Chattanooga, TN
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$2,444,300
Cap Rate 7%
$1,745,929
Cap Rate 9%
$1,357,944
Alternative Uses
Best Use
Flex RnD
$1.75M
$1.53M – $2.04M
NOI $122,215 @ 7.0% cap · market cap 8.15%
Second Best
Warehouse
$1.13M
$988.6K – $1.32M
NOI $79,090 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$2.86M
$2.50M – $3.34M
NOI $200,360 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Storage King USA — 5027 Hixson Pike, Hixson, TN 37343
- Public Storage — 5301 Hixson Pike, Hixson, TN 37343
- Stuff-It Storage — 5277 Wilbanks Dr, Hixson, TN 37343
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building with a predominantly warehouse layout, flexible occupancy potential, and corridor access in Hixson.
Where is this warehouse located?
The property is located at 5230 Hixson Pike Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 12,960 SF warehouse property on approximately 1 acre; Approximately 9,360 SF available for lease; 3,600 SF leased to an existing tenant
