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Versatile Commercial Space on Lee Highway

7161 Lee Highway Chattanooga, TN 37421

7161 Lee Highway, Chattanooga, TN, 37421
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Adaptable commercial property with warehouse space and high traffic volume.

Property Size3,470 SF
Price / SF$208.93
AddedMay 12
Days on Market65
Last RefreshJul 4 at 11:28 pm

Property Features for 7161 Lee Highway

General Information

Standard status
Active
Size
3,470 SF
Property subtype
Office

Building Details

Year Built
2005

Listing office CBRE - Chattanooga

Listing date May 12, 2026

Source Crexi

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

Local 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 (±1% cap)
NOI $39,818 @ 7.0% cap · market cap 5.49%
Second Best
Healthcare Medical
$552.1K
$483.1K – $644.2K (±1% cap)
NOI $38,650 @ 7.0% cap · market cap 5.33%
Theoretical Best
Office A
$766.4K
$670.6K – $894.1K (±1% cap)
NOI $53,646 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Cassandra Simms, MD Physician All Ways Caring ... Home Health Care Service Lett James OD Physician Thompson And Lett Eye ... (Bike/Boat/Book/etc) Store Aaron G. Thompson, ... Physician

Suggested Use

Building Supply Electrical Service HVAC Service Parking Lot & Garage Carpet & Flooring Store Garden Center Storage Facility Auto Parts Store Grocery & Convenience Store Bakery

Zoning and permitted uses should be independently verified with local authorities.

Similar Off Market Nearby

  • Standifer Gap Pet Hospital — 7625 Hamilton Park Dr Suite 16, Chattanooga, TN 37421

FAQs

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
Contact an agent
(615) 493-9223 Call to check price and availability
More about this property
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