Chattanooga Investment Property For
5811 Lee Hwy, Chattanooga, TN 37421
For Sale
$3,250,000
High-performing investment property with income and growth potential in Chattanooga.
Property Size19,360 SF
Price / SF$171.05
Days on Market355
Property Features for 5811 Lee Hwy
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Year Built
Listed By:
Cage Gary, CCIM · License TN #370241
(770) 335-2672
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:52AM
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 Cage Gary, CCIM
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Investment Insights
Based on property information with market context.
Located on Lee Highway, a major commercial corridor in Chattanooga, this 19,000 square foot investment property offers immediate income with opportunities for further value capitalization and improvements. The property is zoned C2 for versatile commercial use and contains 17 units. It is situated in an established neighborhood known for its commercial activity and ample parking. The location provides convenient transportation options with easy access to major roadways, including Interstates 75 and 24. The property is suitable for office or office building investors, featuring spacious and well-maintained interior spaces and ample parking for tenants and visitors.
Key Highlights
- High‑performing investment property with immediate income and potential for growth.
- Prime location on Lee Highway, a major commercial corridor in Chattanooga.
- 19,000 SF building with 17 units, ideal for office or office building investors.**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,025
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,360,500
$4.4M
Cap Rate 7%
$3,114,643
$3.1M
Cap Rate 9%
$2,422,500
$2.4M
Market Conditions
NOI Build-Up for 19,000 SF
Gross rent
$342.0K $18.00/SF
− Vacancy
−$51.3K −$2.70/SF
EGI
$290.7K $15.30/SF
− OpEx
−$72.7K −$3.82/SF
NOI
$218.0K $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 Rate 5%
$4,360,500
Cap Rate 7%
$3,114,643
Cap Rate 9%
$2,422,500
Alternative Uses
Best Use
Office B
$3.11M
$2.73M – $3.63M
NOI $218,025 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.20M
$3.67M – $4.90M
NOI $293,737 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
614
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in Chattanooga
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - High-performing investment property with income and growth potential in Chattanooga.
Where is this office building located?
The property is located at 5811 Lee Hwy Chattanooga, TN.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: High‑performing investment property with immediate income and potential for growth.; Prime location on Lee Highway, a major commercial corridor in Chattanooga.; 19,000 SF building with 17 units, ideal for office or office building investors.**
