Flex Space Warehouse with
For Sale
Contact for pricing
7035 Lee Hwy, Chattanooga, TN 37421
Vacant flex/warehouse property with an expansive lot and direct frontage on Lee Highway for visibility.
Property Size10,000 SF
Price / SF$150
Days on Market439
Property Features for 7035 Lee Hwy
General Information
Standard status
Active
Size
10,000 SF
Property subtype
OFFICE
Site & Location
Traffic Count
15,000 vehicles/day
Road Access
Yes
Outdoor Storage
Yes
Listing Agency:
SVN | Second Story RE Management
(423) 682-8241
Listed By:
Chandler Hale · License #371055
(865) 804-8351
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Oct 26
Last Checked: Oct 30 at 1:23PM
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 RE Management
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Investment Insights
Based on property information with market context.
This vacant flex space warehouse is ready for redevelopment or immediate occupancy. The property’s flexible layout and ample outdoor area are designed to support a range of light industrial and flex-type uses, along with parking, storage, loading, or future expansion based on tenant needs.
Located at 7035 Lee Hwy in Chattanooga, TN, the site offers excellent frontage on Lee Highway with direct access and signage visibility from a major commercial corridor. Public remarks also note high daily traffic, with over 15,000 VPD passing the property.
Set on an expansive lot, the site provides room for operational use and outdoor staging, making it well-suited for users who value yard space and straightforward highway exposure.
Located at 7035 Lee Hwy in Chattanooga, TN, the site offers excellent frontage on Lee Highway with direct access and signage visibility from a major commercial corridor. Public remarks also note high daily traffic, with over 15,000 VPD passing the property.
Set on an expansive lot, the site provides room for operational use and outdoor staging, making it well-suited for users who value yard space and straightforward highway exposure.
Key Highlights
- Vacant property ready for redevelopment or occupancy
- Direct frontage on Lee Highway with signage visibility from a major commercial corridor
- Over 15,000 VPD passing the site for strong roadway exposure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,302
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,886,040
$1.9M
Cap Rate 7%
$1,347,171
$1.3M
Cap Rate 9%
$1,047,800
$1.0M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$156.0K $15.60/SF
− Vacancy
−$10.9K −$1.09/SF
EGI
$145.1K $14.51/SF
− OpEx
−$50.8K −$5.08/SF
NOI
$94.3K $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%
$1,886,040
Cap Rate 7%
$1,347,171
Cap Rate 9%
$1,047,800
Alternative Uses
Best Use
Flex RnD
$1.35M
$1.18M – $1.57M
NOI $94,302 @ 7.0% cap · market cap 6.29%
Second Best
Warehouse
$871.8K
$762.8K – $1.02M
NOI $61,027 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$2.21M
$1.93M – $2.58M
NOI $154,598 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
15,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,520
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
Similar Off Market Nearby
- Tennessee Private Events — 2220 park dr, chattanooga, tn 37421
- Legacy Food Service — 2193 Park Dr, Chattanooga, TN 37421
- Event Catering Chattanooga — 7000 Lee Hwy Suite 600, Chattanooga, TN 37421
Frequently Asked Questions
What type of property is this?
Flex space - Vacant flex/warehouse property with an expansive lot and direct frontage on Lee Highway for visibility.
Where is this flex space located?
The property is located at 7035 Lee Hwy Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Vacant property ready for redevelopment or occupancy; Direct frontage on Lee Highway with signage visibility from a major commercial corridor; Over 15,000 VPD passing the site for strong roadway exposure
