Office Building with Conference
715 Cherry Street, Chattanooga, TN 37402
For Sale
Contact for pricing
The downtown property combines private offices, meeting space, and existing income.
Property Size15,000 SF
Price / SF$250
Days on Market39
Property Features for 715 Cherry Street
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Tenant in Place
Property Use
Amenities
conference rooms
private offices
bathrooms
Listing Agency:
SVN Second Story Real Estate Management
Listed By:
Kelly Fitzgerald · License TN #339695
(615) 714-6378
Source:
Crexi
Added: Oct 2
Changed: Nov 8
Last Checked: Nov 8 at 2:49PM
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 Real Estate Management
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 715 Cherry Street, this 15,000-square-foot office building includes two conference rooms, two private offices, and four bathrooms. The layout pairs dedicated meeting areas with enclosed office space, and the property has existing income.
The building is in downtown Chattanooga’s central business district.
The building is in downtown Chattanooga’s central business district.
Key Highlights
- 15,000‑square‑foot office building at 715 Cherry Street
- Two conference rooms and two private offices
- Four bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$172,125
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,442,500
$3.4M
Cap Rate 7%
$2,458,929
$2.5M
Cap Rate 9%
$1,912,500
$1.9M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$270.0K $18.00/SF
− Vacancy
−$40.5K −$2.70/SF
EGI
$229.5K $15.30/SF
− OpEx
−$57.4K −$3.82/SF
NOI
$172.1K $11.48/SF
Area
Chattanooga, TN
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,442,500
Cap Rate 7%
$2,458,929
Cap Rate 9%
$1,912,500
Alternative Uses
Best Use
Office B
$2.46M
$2.15M – $2.87M
NOI $172,125 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.31M
$2.90M – $3.86M
NOI $231,898 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,854
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in Chattanooga
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The downtown property combines private offices, meeting space, and existing income.
Where is this office building located?
The property is located at 715 Cherry Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 15,000‑square‑foot office building at 715 Cherry Street; Two conference rooms and two private offices; Four bathrooms
