Corner Retail/Office Flex
For Sale
$900,000
6916 Lee Hwy, Chattanooga, TN 37421
Commercial Sale, Chattanooga, TN
Property Size5,220 SF
Price / SF$172.41
Days on Market141
Property Features for 6916 Lee Hwy
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Convenient location just off I-75 at Shallowford Rd, near Hamilton Place Mall
Standard status
Active
Listing Agency:
Potts Brothers Land & Auction
Listed By:
Bruce Potts
(706) 764-1226
Added: May 26
Changed: Aug 31
Last Checked: Oct 13 at 8:06AM
MLS# 11791194
Copyright © 2026 My State MLS. 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.
The property includes a commercial building on a corner lot and an adjacent residential lot with a house. The commercial component is approximately 5,220± square feet and features a metal roof and metal siding, a concrete floor, storage area, an office area with two restrooms, and a retail sales area. The adjacent residential lot contains a residence estimated at approximately 2,760 square feet with three bedrooms and two bathrooms, a large family room with a fireplace, an eat-in kitchen with built-in oven and cooktop plus a built-in dishwasher, a dining room, a large foyer, and a paved driveway.
The commercial building is located on the corner of Lee Hwy and Robinson Dr., with convenient access just off I-75 at Shallowford Rd and near Hamilton Place Mall. Zoning is listed as C-C for the commercial lot and RN3 for the residential lot.
This configuration can support businesses seeking both customer-facing retail space and back-of-house utility, with an office and two restrooms already in place alongside storage and concrete flooring. The additional adjacent residential lot and home may also appeal to buyers evaluating an ownership arrangement that includes both commercial and residential use within the same offering, subject to the respective zoning designations.
The commercial building is located on the corner of Lee Hwy and Robinson Dr., with convenient access just off I-75 at Shallowford Rd and near Hamilton Place Mall. Zoning is listed as C-C for the commercial lot and RN3 for the residential lot.
This configuration can support businesses seeking both customer-facing retail space and back-of-house utility, with an office and two restrooms already in place alongside storage and concrete flooring. The additional adjacent residential lot and home may also appeal to buyers evaluating an ownership arrangement that includes both commercial and residential use within the same offering, subject to the respective zoning designations.
Key Highlights
- Property includes 2 lots: a commercial building lot on Lee Hwy and an adjacent residential lot on Robinson Dr
- Commercial lot/building on the corner of Lee Hwy and Robinson Dr, approx. 5,220 +/- SF, with metal roof and siding
- Commercial building features storage area, office area, retail sales area, concrete floor, and 2 restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,226
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,520
$984.5K
Cap Rate 7%
$703,229
$703.2K
Cap Rate 9%
$546,956
$547.0K
Market Conditions
NOI Build-Up for 5,220 SF
Gross rent
$81.4K $15.60/SF
− Vacancy
−$5.7K −$1.09/SF
EGI
$75.7K $14.51/SF
− OpEx
−$26.5K −$5.08/SF
NOI
$49.2K $9.43/SF
Area
Chattanooga, TN
Vacancy
7.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$984,520
Cap Rate 7%
$703,229
Cap Rate 9%
$546,956
Alternative Uses
Best Use
Flex RnD
$703.2K
$615.3K – $820.4K
NOI $49,226 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$657.0K
$574.8K – $766.5K
NOI $45,987 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$1.15M
$1.01M – $1.35M
NOI $80,700 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,220
Businesses Nearby
Balanced
Demand for This Use
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
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Corner building with retail sales, office space, storage, and restrooms on a commercial lot zoned C-C.
Where is this flex space located?
The property is located at 6916 Lee Hwy Chattanooga, TN.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Property includes 2 lots: a commercial building lot on Lee Hwy and an adjacent residential lot on Robinson Dr; Commercial lot/building on the corner of Lee Hwy and Robinson Dr, approx. 5,220 +/- SF, with metal roof and siding; Commercial building features storage area, office area, retail sales area, concrete floor, and 2 restrooms
