620 Cherokee Blvd., Chattanooga, TN 37405
1.2-acre parcel suitable for multifamily/retail mixed-use development.
- Added:
- Jun 20, 2022
- Days on Market:
- 1480
- Last Refresh:
- Jul 4 at 12:11 pm
Property Features for 620 Cherokee Blvd.
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 1.20 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1960
Listing office RH Real Estate, LLC
Listing date Jun 20, 2022
Source Crexi
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 RH Real Estate, LLC
HighLights
- 1.2 Acre Parcel: Largest available on Cherokee Blvd.
- Development Potential: Suited for multifamily/retail mixed use.
- Excellent Downtown Views
- Over 200FT Road Frontage: Access from streets on both sides.
- Income Generating: Existing office building provides income.
- Ample Onsite Free Parking
Overview
Local Financial Insights For Office B
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 | $360.0k | $18.00 |
| − Vacancy | −$54.0k | −$2.70 |
| EGI | $306.0k | $15.30 |
| − OpEx | −$76.5k | −$3.82 |
| NOI | $229.5k | $11.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.318197
- Latitude
- 35.0693215
