Retail and Office
For Sale
Contact for pricing
5618 Old Mission Road, Chattanooga, TN 37411
Storefront commercial space of approximately 1,748 SF, positioned off Brainerd Road with C-C zoning.
Property Size1,748 SF
Price / SF$171.62
Days on Market69
Property Features for 5618 Old Mission Road
General Information
Standard status
Active
Size
1,748 SF
Class
C
Total Parking Spaces
13
Property subtype
Retail, Office, Mixed Use
Zoning
C-C
Investment Type
Owner/User
Building Details
Year Built
1955
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Pryor Realty
Listed By:
Leatha Eaves · License #TN 334246
(423) 718-2545
Source:
Crexi
Added: Jun 29
Changed: Sep 1
Last Checked: Sep 3 at 9:52AM
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 Coldwell Banker Pryor Realty
Investment Insights
Based on property information with market context.
5618 Old Mission Road offers a commercial storefront space totaling approximately 1,748 SF. The property is presented as an opportunity for a retail or office use, with the existing space designed to accommodate business operations.
The location sits right off Brainerd Road in a highly active area of Chattanooga. The space is zoned C-C (Commercial Corridor), providing flexibility for appropriate commercial activity under the local zoning designation.
This offering is available for sale at 5618 Old Mission Road, providing a defined commercial footprint within the C-C zoning district.
The location sits right off Brainerd Road in a highly active area of Chattanooga. The space is zoned C-C (Commercial Corridor), providing flexibility for appropriate commercial activity under the local zoning designation.
This offering is available for sale at 5618 Old Mission Road, providing a defined commercial footprint within the C-C zoning district.
Key Highlights
- Storefront commercial space offers approximately 1,748 SF
- Commercial space is positioned off Brainerd Road
- Zoned C‑C (Commercial Corridor)
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
$20,058
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
6.69%
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%
$401,160
$401.2K
Cap Rate 7%
$286,543
$286.5K
Cap Rate 9%
$222,867
$222.9K
Market Conditions
NOI Build-Up for 1,748 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
$31.5K $18.00/SF
− Vacancy
−$4.7K −$2.70/SF
EGI
$26.7K $15.30/SF
− OpEx
−$6.7K −$3.82/SF
NOI
$20.1K $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%
$401,160
Cap Rate 7%
$286,543
Cap Rate 9%
$222,867
Alternative Uses
Best Use
Office B
$286.5K
$250.7K – $334.3K
NOI $20,058 @ 7.0% cap · market cap 6.69%
Second Best
Retail
$193.0K
$168.9K – $225.2K
NOI $13,509 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$386.1K
$337.8K – $450.4K
NOI $27,024 @ 7.0% cap · market cap 9.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,025
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Storefront commercial space of approximately 1,748 SF, positioned off Brainerd Road with C-C zoning.
Where is this storefront property located?
The property is located at 5618 Old Mission Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Storefront commercial space offers approximately 1,748 SF; Commercial space is positioned off Brainerd Road; Zoned C‑C (Commercial Corridor)
