Versatile Commercial Space on Lee
For Sale
Contact for pricing
7161 Lee Highway, Chattanooga, TN 37421
Adaptable commercial property with warehouse space and high traffic volume.
Property Size3,470 SF
Price / SF$208.93
Days on Market80
Property Features for 7161 Lee Highway
General Information
Standard status
Active
Size
3,470 SF
Property subtype
Office
Building Details
Year Built
2005
Listing Agency:
CBRE - Chattanooga
(615) 493-9223
Listed By:
Russell Elliott · License #215403
Source:
Crexi
Added: May 12
Changed: Jul 10
Last Checked: Jul 30 at 11:28AM
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 CBRE - Chattanooga
Investment Insights
Based on property information with market context.
This commercial property features a suite with a warehouse space located in the rear, offering opportunities for expansion, additional storage, or customized build-out. The location is suitable for medical, therapy, chiropractic, aesthetics, or other healthcare-related uses, combining functional clinical space with value-add potential in a professional setting. Ample surface parking is available in the front and rear of the building. The property benefits from high traffic volumes of approximately 63,000 vehicles per day on Lee Highway. Situated directly between Shallowford Road and Standifer Gap Road, the property provides convenient access from I-75 exit 5. The property size is 3470 square feet.
Key Highlights
- Ideal for medical/healthcare‑related uses (therapy, chiropractic, aesthetics, etc.)
- Warehouse space provides flexibility for expansion, storage, or build‑out
- High traffic volume (63,000 VPD) on Lee Highway
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 | $62.5k | $18.00 |
| − Vacancy | −$9.4k | −$2.70 |
| EGI | $53.1k | $15.30 |
| − OpEx | −$13.3k | −$3.82 |
| NOI | $39.8k | $11.48 |
3,470 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$568.8K
$497.7K – $663.6K
NOI $39,818 @ 7.0% cap · market cap 5.49%
Second Best
Healthcare Medical
$552.1K
$483.1K – $644.2K
NOI $38,650 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$766.4K
$670.6K – $894.1K
NOI $53,646 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Adaptable commercial property with warehouse space and high traffic volume.
Where is this medical office space located?
The property is located at 7161 Lee Highway Chattanooga, TN.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Ideal for medical/healthcare‑related uses (therapy, chiropractic, aesthetics, etc.); Warehouse space provides flexibility for expansion, storage, or build‑out; High traffic volume (63,000 VPD) on Lee Highway
