Office Building in Flatiron
New
For Sale
$1,265,000
707 Georgia Ave, Chattanooga, TN 37402
Historic office building built in 1910 with no heating or cooling listed.
Days on Market5
Property Features for 707 Georgia Ave
General Information
Standard status
Active
Additional Details
Highway Access
Yes
Building Details
Building Size
4,606 SF
Year Built
1910
Listing Agency:
(865) 806-4310
Listed By:
Tony Puglisi
(865) 806-4310
Source:
Evrealestate
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 5:48AM
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 Tony Puglisi
Investment Insights
Based on property information with market context.
This office building is located in the historic Flatiron Heights building at 707 Georgia Ave. The property was built in 1910. Interior systems information indicates no heating and no cooling are listed.
Access is described from I-24 to US-27 N toward Downtown Chattanooga, with directions to exit at MLK Blvd, travel east on MLK Blvd, then turn left onto Georgia Ave to reach the property at 707 Georgia Ave. The property is in Hamilton County.
The available information focuses on the building’s historic context and the year built, along with the currently listed heating and cooling status. Prospective tenants should verify existing building systems and condition details during due diligence.
Access is described from I-24 to US-27 N toward Downtown Chattanooga, with directions to exit at MLK Blvd, travel east on MLK Blvd, then turn left onto Georgia Ave to reach the property at 707 Georgia Ave. The property is in Hamilton County.
The available information focuses on the building’s historic context and the year built, along with the currently listed heating and cooling status. Prospective tenants should verify existing building systems and condition details during due diligence.
Key Highlights
- Built in 1910
- Historic Flatiron Heights building
- Interior listing shows no heating
Financial Insights For Office B
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 | $82.9k | $18.00 |
| − Vacancy | −$12.4k | −$2.70 |
| EGI | $70.5k | $15.30 |
| − OpEx | −$17.6k | −$3.82 |
| NOI | $52.9k | $11.48 |
4,606 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$755.1K
$660.7K – $880.9K
NOI $52,854 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.02M
$890.1K – $1.19M
NOI $71,208 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,014
Businesses Nearby
Explore this area
Business Placement
Demographics for 37402, TN
4,464
Population
3,207
Households
1.4
Avg Household Size
38
Median Age
30%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
3,434
Density / Sq Mi
$28,829
Median Household Income
$42,515
Median Earnings
$673
Median Rent
$460,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Historic office building built in 1910 with no heating or cooling listed.
Where is this office building located?
The property is located at 707 Georgia Ave Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,265,000.
What are key features of this property?
This property features: Built in 1910; Historic Flatiron Heights building; Interior listing shows no heating
