Retail Property in Hamilton
7351 Commons Blvd Chattanooga, TN 37421
7351 Commons Blvd, Chattanooga, TN, 37421
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For Sale
Contact for pricing
Retail space for sale in a high-traffic area.
Property Size12,580 SF
Price / SF$222.58
Days on Market853
Property Features for 7351 Commons Blvd
General Information
- Standard status
- Active
- Size
- 12,580 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2001
Listing Agency
NAI Charter Real Estate
(423) 267-6549
Listed by
Chad Wamack · License #TN 00284734
Source
Crexi
Added: Mar 19, 2024 Checked: Jul 16 at 5:20 am
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 NAI Charter Real Estate
Investment Insights
Based on property information with market context.
This retail property, constructed in 2001, is located in the Hamilton Place trade area. It is zoned C-2 and includes 35 parking spaces. The property features one dock door and ceiling heights ranging from 10 to 14 feet. The location offers accessibility to I-75 and Gunbarrel Road, which sees a traffic volume of 18,122 vehicles per day. The property size is 12,580 square feet. Deed restrictions on use apply.
Key Highlights
- Rare property in the Hamilton Place trade area
- Easy access to I‑75 and Gunbarrel Road
- 35 Parking Spaces
Local Financial Insights For Retail
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 | $151.0k | $12.00 |
| − Vacancy | −$12.1k | −$0.96 |
| EGI | $138.9k | $11.04 |
| − OpEx | −$41.7k | −$3.31 |
| NOI | $97.2k | $7.73 |
12,580 SF · lease $12.00/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.39M
$1.22M – $1.62M
NOI $97,218 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,485 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Vinyl Turtle
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Retail space for sale in a high-traffic area.
Where is this retail space located?
The property is located at 7351 Commons Blvd Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Rare property in the Hamilton Place trade area; Easy access to I‑75 and Gunbarrel Road; 35 Parking Spaces
