Historic Office
For Sale
Contact for pricing
Pending
800 Market St, Chattanooga, TN 37402
Professional workspace with vaulted ceilings, shared common areas, and dedicated parking in a mixed-use downtown building.
Property Size10,367 SF
Days on Market200
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Property Features for 800 Market St
General Information
Standard status
Pending
Size
10,367 SF
Class
A
Total Parking Spaces
13
Property subtype
Office, Retail
Investment Type
Owner/User
Building Details
Year Built
1875
Year Renovated
2008
Buildings
1
Stories
6
Units
1
Tenancy
Multi
Listing Agency:
NAI Charter Real Estate
Listed By:
Jeff Jennings · License #TN 295488
(423) 267-6549
Source:
Crexi
Added: Mar 30
Changed: Oct 1
Last Checked: Oct 14 at 8:39PM
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.
Office Unit C-1 occupies space within a mixed-use building completed in 1875, combining historic architectural details with adaptable modern workspace. The 10,367-square-foot suite includes decorative columns, wood trim, and high vaulted ceilings, along with access to shared common areas and a professional main entrance. A secured stairway provides primary access from within the suite, with secondary entry from Market Street.
The building includes ground-floor commercial units and residential living above. Thirteen dedicated parking spaces are provided in a gated garage beneath the property. The building is located at 800 Market St in Chattanooga’s central business district, along Market Street near retail, dining, and financial services. A deed restriction prohibits banks and financial service providers for two years.
The building includes ground-floor commercial units and residential living above. Thirteen dedicated parking spaces are provided in a gated garage beneath the property. The building is located at 800 Market St in Chattanooga’s central business district, along Market Street near retail, dining, and financial services. A deed restriction prohibits banks and financial service providers for two years.
Key Highlights
- 10,367‑square‑foot office unit in a building completed in 1875
- Historic details include decorative columns, wood trim, and high vaulted ceilings
- 13 dedicated parking spaces in a gated garage beneath the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,961
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,379,220
$2.4M
Cap Rate 7%
$1,699,443
$1.7M
Cap Rate 9%
$1,321,789
$1.3M
Market Conditions
NOI Build-Up for 10,367 SF
Gross rent
$186.6K $18.00/SF
− Vacancy
−$28.0K −$2.70/SF
EGI
$158.6K $15.30/SF
− OpEx
−$39.7K −$3.82/SF
NOI
$119.0K $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%
$2,379,220
Cap Rate 7%
$1,699,443
Cap Rate 9%
$1,321,789
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.98M
NOI $118,961 @ 7.0% cap · market cap 4.33%
Second Best
Mixed Use
$1.64M
$1.43M – $1.91M
NOI $114,452 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$2.29M
$2.00M – $2.67M
NOI $160,272 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,014
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office units - Professional workspace with vaulted ceilings, shared common areas, and dedicated parking in a mixed-use downtown building.
Where is this office units located?
The property is located at 800 Market St Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 10,367‑square‑foot office unit in a building completed in 1875; Historic details include decorative columns, wood trim, and high vaulted ceilings; 13 dedicated parking spaces in a gated garage beneath the building
