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 Market348
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
(865) 804-8351
Listed By:
Chandler Hale · License #371055
(865) 804-8351
Source:
Moodyscre
Added: Aug 19, 2025
Changed: Jul 25
Last Checked: Jul 31 at 1:24PM
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
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 For Flex RnD
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 | $156.0k | $15.60 |
| − Vacancy | −$10.9k | −$1.09 |
| EGI | $145.1k | $14.51 |
| − OpEx | −$50.8k | −$5.08 |
| NOI | $94.3k | $9.43 |
10,000 SF · lease $15.60/SF/yr · vacancy 7.00% · expense 35.00%
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.
Property Analytics
Current Use
Lease Details
15,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Legacy Food Service — 2193 Park Dr, 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
