Flex Space with Open-Air
For Sale
Contact for pricing
5490 DAYTON BLVD, Chattanooga, TN 37415
Hybrid layout combines professional offices with outdoor storage and operational yard space.
Property Size2,915 SF
Price / SF$222.98
Days on Market17
Property Features for 5490 DAYTON BLVD
General Information
Standard status
Active
Size
2,915 SF
Class
B
Total Parking Spaces
20
Property subtype
Office
Zoning
C-C
Investment Type
Owner/User
Additional Details
Outdoor Storage
Yes
Building Details
Year Built
1985
Buildings
1
Stories
1
Units
1
Listing Agency:
Exit Realty
Listed By:
Nate Card · License #323726
(423) 664-1900
Source:
Crexi
Added: Aug 17
Changed: Sep 1
Last Checked: Sep 1 at 8:57PM
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 Exit Realty
Investment Insights
Based on property information with market context.
This flex property combines a substantial office build-out with open-air warehouse space, outdoor storage, and a drop yard. Interior improvements include multiple private offices, an executive suite, conference rooms, an employee break room, and support areas. The configuration provides a blend of administrative and operational space within one commercial property.
The exterior areas can accommodate equipment, trailers, fleet vehicles, material storage, and staging. On-site parking serves employees, customers, and commercial vehicles. Located at 5490 Dayton Blvd in Chattanooga, the property carries C-C zoning and was built in 1985. The layout is positioned for owner-user operations or investment use across office, logistics, construction, distribution, and service-oriented businesses.
The exterior areas can accommodate equipment, trailers, fleet vehicles, material storage, and staging. On-site parking serves employees, customers, and commercial vehicles. Located at 5490 Dayton Blvd in Chattanooga, the property carries C-C zoning and was built in 1985. The layout is positioned for owner-user operations or investment use across office, logistics, construction, distribution, and service-oriented businesses.
Key Highlights
- Office build‑out with private offices, executive suite, conference rooms, break room, and support areas
- Open‑air warehouse space paired with outdoor storage and a drop yard
- Exterior areas accommodate equipment, trailers, fleet vehicles, materials, and staging
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
$33,450
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
5.15%
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%
$669,000
$669.0K
Cap Rate 7%
$477,857
$477.9K
Cap Rate 9%
$371,667
$371.7K
Market Conditions
NOI Build-Up for 2,915 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
$52.5K $18.00/SF
− Vacancy
−$7.9K −$2.70/SF
EGI
$44.6K $15.30/SF
− OpEx
−$11.1K −$3.82/SF
NOI
$33.4K $11.48/SF
Area
Chattanooga, TN
Vacancy
15.00%
Lease Rate
$18.00 /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%
$669,000
Cap Rate 7%
$477,857
Cap Rate 9%
$371,667
Alternative Uses
Best Use
Office B
$477.9K
$418.1K – $557.5K
NOI $33,450 @ 7.0% cap · market cap 5.15%
Second Best
Flex RnD
$392.7K
$343.6K – $458.2K
NOI $27,489 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$643.8K
$563.3K – $751.1K
NOI $45,065 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
78
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37415, TN
23,580
Population
11,970
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,347
Density / Sq Mi
$67,027
Median Household Income
$42,933
Median Earnings
$1,240
Median Rent
$261,900
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?
Flex space - Hybrid layout combines professional offices with outdoor storage and operational yard space.
Where is this flex space located?
The property is located at 5490 DAYTON BLVD Chattanooga, 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: Office build‑out with private offices, executive suite, conference rooms, break room, and support areas; Open‑air warehouse space paired with outdoor storage and a drop yard; Exterior areas accommodate equipment, trailers, fleet vehicles, materials, and staging
