Fully Leased Retail Investment
For Sale
$1,350,000
5805 Lee Hwy, Chattanooga, TN 37421
COMMERCIAL - CHATTANOOGA, TN
Property Size9,800 SF
Lot Size0.79 Acres
Price / SF$137.76
Days on Market106
Property Features for 5805 Lee Hwy
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
15-Other Area
Standard status
Active
APN
158A C 021
Size
9,800 SF
Lot size
0.79 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
The tenant mix includes a nail and hair salon, barbershop, spa and wellness services, CPAs, a retail shop, nursing/education use, and a ministry/service-based tenant, creating a strong and diversified income stream. Many of the units have been recently remodeled within the past year, reducing deferred maintenance and improving tenant retention, while the high-traffic location near major roads, the airport, and national retailers provides excellent long-term visibility and stability.
Tax Annual Amount
15754
Legal Description
The tenant mix includes a nail and hair salon, barbershop, spa and wellness services, CPAs, a retail shop, nursing/education use, and a ministry/service-based tenant, creating a strong and diversified income stream. Many of the units have been recently remodeled within the past year, reducing deferred maintenance and improving tenant retention, while the high-traffic location near major roads, the airport, and national retailers provides excellent long-term visibility and stability.
Building Details
Year built
1972
Floors in Building
1
Listing Agency:
Keller Williams Heritage · Keller Williams Realty
(706) 459-3107
Listed By:
Roger Haikal
(706) 537-6174
Added: Apr 16
Changed: Jun 8
Last Checked: Jul 30 at 9:06PM
MLS# 135341
Copyright © 2026 Carpet Capital Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully occupied retail plaza is positioned on a major corridor with approximately 70,000 vehicles per day. The property offers high visibility and consistent tenant demand. Located directly across from a Toyota dealership and just minutes from Chattanooga Metropolitan Airport, the property provides accessibility in one of the area's active commercial pockets. The property, situated on 0.79 acres, produces strong net operating income (NOI), presenting a turnkey investment with immediate cash flow. Additional upside is available through future rent increases and continued area growth. The property size is 9,800 square feet.
Key Highlights
- Fully Leased Retail Plaza: Provides immediate cash flow and a turnkey investment opportunity.
- High‑Visibility Location: Situated on a major corridor with approximately 70,000 vehicles per day.
- Strong Net Operating Income (NOI): Indicates a profitable and stable investment.
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 | $117.6k | $12.00 |
| − Vacancy | −$9.4k | −$0.96 |
| EGI | $108.2k | $11.04 |
| − OpEx | −$32.5k | −$3.31 |
| NOI | $75.7k | $7.73 |
9,800 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.08M
$946.7K – $1.26M
NOI $75,734 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.53M
NOI $151,506 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
70,000 VPD
Traffic count
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
19k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 17%
Hotels & Casinos 6%
MAPCO Mart
Shops & Services
12,575 visits/mo
0.5 miles
Waffle House
Dining
3,267 visits/mo
0.4 miles
MHC Kenworth
Shops & Services
1,794 visits/mo
0.2 miles
Motel 6 Chattanooga
Hotels & Casinos
705 visits/mo
0.4 miles
WoodSpring Hotels
Hotels & Casinos
516 visits/mo
0.4 miles
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- BRAINERD HILLS CENTER — E Brainerd Rd, Chattanooga, TN 37421
- Brainerd Village Shopping Center — 5798 Brainerd Rd, Chattanooga, TN 37411
Frequently Asked Questions
What type of property is this?
Shopping center - High-visibility location with strong cash flow in Chattanooga, TN.
Where is this shopping center located?
The property is located at 5805 Lee Hwy Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Fully Leased Retail Plaza: Provides immediate cash flow and a turnkey investment opportunity.; High‑Visibility Location: Situated on a major corridor with approximately 70,000 vehicles per day.; Strong Net Operating Income (NOI): Indicates a profitable and stable investment.
