Professional Office Complex For
7003 Shallowford Road Chattanooga TN 37421, Chattanooga, TN 37421
Professional office complex in East Brainerd business corridor.
Type:Office
Property size:
12,420 SFPrice / SF:
$184/SF- Added:
- Mar 19, 2025
- Days on Market:
- 431
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 7003 Shallowford Road Chattanooga TN 37421
General Information
- Standard status
- Active
- Size
- 12,420 SF
- Property subtype
- Office
Listing agent Tony Brock License #TN 239034
Listing office The Raines Group, Inc.
Listing date Mar 19, 2025
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 The Raines Group, Inc.
HighLights
- Highly visible corner location on Shallowford Road and Center Street.
- Located in the East Brainerd business corridor, near Hamilton Place Mall.
- Existing professional office building occupied mainly by medical, dental, and chiropractic tenants.
- One 3,069 sq. ft. vacancy ready for occupancy.
- Formerly an Orthodontist Surgeon space with equipment available.
- Located between I‑75 and Lee Highway.
Overview
This professional office complex offers 12,420 square feet in a visible corner location on Shallowford Road and Center Street. Situated between I-75 and Lee Highway in the East Brainerd business corridor, it is near Hamilton Place Mall. The building is primarily occupied by medical, dental, and chiropractic tenants. A 3,069-square-foot vacancy, formerly an Orthodontist Surgeon space, is available and ready for occupancy, with equipment included.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$1.58M
NOI $142,520 @ 9.00% cap · cautious / downside scenario
Moderate
$2.04M
NOI $142,520 @ 7.00% cap · market / base-case scenario
Aggressive
$2.85M
NOI $142,520 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $223.6k | $18.00 |
| − Vacancy | −$33.5k | −$2.70 |
| EGI | $190.0k | $15.30 |
| − OpEx | −$47.5k | −$3.82 |
| NOI | $142.5k | $11.48 |
12,420 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$2.04M
$1.78M – $2.38M
NOI $142,520 @ 7.0% cap · market cap 6.21%
Second Best
Healthcare Medical
$1.98M
$1.73M – $2.31M
NOI $138,339 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $192,011 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Cloudland Dental
Dental Office
Wright Jackie
Dental Office
Affordable Smiles Orthodontics
Dental Office
Chattanooga Primary Care ...
Medical Clinic
Advanced Concepts in Medicine
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.1597547
- Latitude
- 35.044256
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Professional office complex in East Brainerd business corridor.
Where is this medical office space located?
The property is located at 7003 Shallowford Road Chattanooga TN 37421 Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: Highly visible corner location on Shallowford Road and Center Street.; Located in the East Brainerd business corridor, near Hamilton Place Mall.; Existing professional office building occupied mainly by medical, dental, and chiropractic tenants.
