Office Building Near Lee
For Sale
$950,000
6714 Heritage Business Court, Chattanooga, TN 37421
Office property with immediate access to major transportation routes.
Property Size3,048 SF
Price / SF$311.68
Days on Market195
Property Features for 6714 Heritage Business Court
General Information
Standard status
Active
Size
3,048 SF
Class
A
Property subtype
Office
Building Details
Building Size
3,048 SF
Year Built
2004
Listing Agency:
SVN Second Story Real Estate Management
Listed By:
Chandler Hale · License #TN #371055
(865) 804-8351
Source:
Svn
Added: Mar 27
Changed: Oct 3
Last Checked: Oct 7 at 9:54AM
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 SVN Second Story Real Estate Management
Investment Insights
Based on property information with market context.
This 3,048-square-foot office property is located just off Lee Highway, providing immediate access to I-75 and Hwy 153. The location places businesses minutes away from the Hamilton Place retail corridor, the Chattanooga Airport, and major regional employers such as Volkswagen and Amazon.
Key Highlights
- Immediate access to I‑75 and Hwy 153
- Minutes away from Hamilton Place retail corridor
- Proximity to Chattanooga Airport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,976
Cap Rate
3.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$699,520
$699.5K
Cap Rate 7%
$499,657
$499.7K
Cap Rate 9%
$388,622
$388.6K
Market Conditions
NOI Build-Up for 3,048 SF
Gross rent
$54.9K $18.00/SF
− Vacancy
−$8.2K −$2.70/SF
EGI
$46.6K $15.30/SF
− OpEx
−$11.7K −$3.82/SF
NOI
$35.0K $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%
$699,520
Cap Rate 7%
$499,657
Cap Rate 9%
$388,622
Alternative Uses
Best Use
Office B
$499.7K
$437.2K – $582.9K
NOI $34,976 @ 7.0% cap · market cap 3.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$673.2K
$589.0K – $785.4K
NOI $47,122 @ 7.0% cap · market cap 4.96%
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
697
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 building - Office property with immediate access to major transportation routes.
Where is this office building located?
The property is located at 6714 Heritage Business Court Chattanooga, TN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Immediate access to I‑75 and Hwy 153; Minutes away from Hamilton Place retail corridor; Proximity to Chattanooga Airport
