Office Unit with NNN
For Sale
Contact for pricing
6166 SHALLOWFORD RD, Chattanooga, TN 37421
Office condominium occupied by an established tenant under a recently extended triple-net lease.
Property Size2,718 SF
Price / SF$242.46
Days on Market59
Property Features for 6166 SHALLOWFORD RD
General Information
Standard status
Active
Size
2,718 SF
Class
B
Property subtype
Office
Zoning
C-C
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1999
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Tower Property Group, LLC
Listed By:
Jon Hughes · License #TN 294692
(423) 432-2990
Source:
Crexi
Added: Aug 10
Changed: Sep 29
Last Checked: Oct 7 at 9:42AM
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 Tower Property Group, LLC
Investment Insights
Based on property information with market context.
Suite 106 is a 2,718 SF office condominium in a 1999-built property. The unit is occupied by an established tenant and is subject to a three-year NNN lease extension running through August 2029, with no landlord management responsibilities during the lease term.
The property is located at 6166 Shallowford Road in Chattanooga, Tennessee, within zoning designation C-C. Showings are available by appointment.
The property is located at 6166 Shallowford Road in Chattanooga, Tennessee, within zoning designation C-C. Showings are available by appointment.
Key Highlights
- 2,718 SF office condominium in Suite 106
- Established tenant in place
- Three‑year NNN lease extension through August 2029
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,189
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,780
$623.8K
Cap Rate 7%
$445,557
$445.6K
Cap Rate 9%
$346,544
$346.5K
Market Conditions
NOI Build-Up for 2,718 SF
Gross rent
$48.9K $18.00/SF
− Vacancy
−$7.3K −$2.70/SF
EGI
$41.6K $15.30/SF
− OpEx
−$10.4K −$3.82/SF
NOI
$31.2K $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%
$623,780
Cap Rate 7%
$445,557
Cap Rate 9%
$346,544
Alternative Uses
Best Use
Office B
$445.6K
$389.9K – $519.8K
NOI $31,189 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.3K
$525.3K – $700.3K
NOI $42,020 @ 7.0% cap · market cap 6.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
845
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office units - Office condominium occupied by an established tenant under a recently extended triple-net lease.
Where is this office units located?
The property is located at 6166 SHALLOWFORD RD Chattanooga, TN.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 2,718 SF office condominium in Suite 106; Established tenant in place; Three‑year NNN lease extension through August 2029
