Retail Business with
New
For Sale
Contact for pricing
810 Broad Street, Chattanooga, TN 37402
Established storefront operation includes inventory, sales equipment, offices, and employee support areas.
Property Size1,600 SF
Price / SF$249
Days on Market5
Property Features for 810 Broad Street
General Information
Standard status
Active
Size
1,600 SF
Property subtype
Retail, Business for Sale
Net Operating Income
$60,000
Additional Details
Business Included
Yes
Listing Agency:
Keller Williams Realty
Listed By:
Zach Ibrahim · License #TN 382206
Source:
Crexi
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 7:40AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 1,600-square-foot retail business is offered as an operating company rather than a real estate sale. The transaction includes inventory, display cases, a POS system, security equipment, the business name, and existing operating and payroll accounts. The premises also provide two offices, a bathroom, and washer and dryer hookups.
The operation has been active for 10 years and serves repeat customers. Its downtown setting is near hotels, businesses, offices, conventions, and other events that contribute to pedestrian and vehicle activity. The current owners work alongside employees and may consider a non-compete arrangement as part of their transition.
The operation has been active for 10 years and serves repeat customers. Its downtown setting is near hotels, businesses, offices, conventions, and other events that contribute to pedestrian and vehicle activity. The current owners work alongside employees and may consider a non-compete arrangement as part of their transition.
Key Highlights
- Business sale only; real estate is not included
- 1,600‑square‑foot retail operation with two offices and a bathroom
- Includes inventory, display cases, POS system, and security system
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,365
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$247,300
$247.3K
Cap Rate 7%
$176,643
$176.6K
Cap Rate 9%
$137,389
$137.4K
Market Conditions
NOI Build-Up for 1,600 SF
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.
Gross rent
$19.2K $12.00/SF
− Vacancy
−$1.5K −$0.96/SF
EGI
$17.7K $11.04/SF
− OpEx
−$5.3K −$3.31/SF
NOI
$12.4K $7.73/SF
Area
Chattanooga, TN
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$247,300
Cap Rate 7%
$176,643
Cap Rate 9%
$137,389
Alternative Uses
Best Use
Retail
$176.6K
$154.6K – $206.1K
NOI $12,365 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.4K
$309.2K – $412.3K
NOI $24,736 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,014
Businesses Nearby
196k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 51%
Groceries 20%
Dining 15%
Leisure 9%
Food City
Groceries
40,182 visits/mo
0.5 miles
Chattanooga Marriott Downtown
Hotels & Casinos
37,127 visits/mo
0.3 miles
AMC CLASSIC Majestic 12
Leisure
17,819 visits/mo
0.5 miles
Holiday Inn & Suites Chattanooga Downtown, an IHG Hotel
Hotels & Casinos
14,703 visits/mo
0.4 miles
Chili's Grill & Bar
Dining
13,135 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Established storefront operation includes inventory, sales equipment, offices, and employee support areas.
Where is this retail space located?
The property is located at 810 Broad Street Chattanooga, TN.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: Business sale only; real estate is not included; 1,600‑square‑foot retail operation with two offices and a bathroom; Includes inventory, display cases, POS system, and security system
