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 Market157
Property Features for 7161 Lee Highway
General Information
Standard status
Active
Size
3,470 SF
Class
B
Property subtype
Office
Zoning
Commercial
Building Details
Year Built
2005
Buildings
1
Units
12
Listing Agency:
CBRE - Chattanooga
Listed By:
Russell Elliott · License #215403
(615) 493-9223
Source:
Crexi
Added: May 12
Changed: Oct 13
Last Checked: Oct 14 at 10:47PM
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
Estimated NOI and Cap Rate
NOI / Yr
$39,818
Cap Rate
5.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,360
$796.4K
Cap Rate 7%
$568,829
$568.8K
Cap Rate 9%
$442,422
$442.4K
Market Conditions
NOI Build-Up for 3,470 SF
Gross rent
$62.5K $18.00/SF
− Vacancy
−$9.4K −$2.70/SF
EGI
$53.1K $15.30/SF
− OpEx
−$13.3K −$3.82/SF
NOI
$39.8K $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%
$796,360
Cap Rate 7%
$568,829
Cap Rate 9%
$442,422
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.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
985
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- PetMedic Urgent Care Vet Clinic Chattanooga — 2545 Lifestyle Way Suite 113 Suite 117, Chattanooga, TN 37421
- Vets Office — 116 Lee Pkwy Dr, Chattanooga, TN 37421
- Lee Parkway Veterinary Clinic — 116 Lee Pkwy Dr, Chattanooga, TN 37421
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
