Prime Commercial Opportunity in
For Sale
Contact for pricing
1007 Ashland Terrace, Chattanooga, TN 37415
Versatile commercial property in a sought-after Chattanooga location.
Property Size13,509 SF
Price / SF$203.57
Days on Market695
Property Features for 1007 Ashland Terrace
General Information
Standard status
Active
Size
13,509 SF
Class
B
Total Parking Spaces
42
Property subtype
Office, Retail
Zoning
C2
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
1988
Year Renovated
2024
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
KW Commercial Chattanooga - Downtown
Listed By:
Brockman Missel · License #TN 358225
Source:
Crexi
Added: Nov 11, 2024
Changed: Oct 4
Last Checked: Oct 7 at 10:31AM
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 KW Commercial Chattanooga - Downtown
Investment Insights
Based on property information with market context.
Located at 1007 Ashland Terrace in Chattanooga, TN, this commercial property presents a unique opportunity in a desirable neighborhood. The property's location offers visibility and accessibility, making it suitable for various businesses. The interior provides flexible layout options with ample square footage, accommodating retail, office space, or mixed-use development. Recent upgrades to the electrical, plumbing, and HVAC systems ensure the property is move-in ready. Zoned for commercial use, the property is adaptable to various business types, including office spaces, professional services, boutique retail shops, or small-scale hospitality ventures. Downtown Chattanooga, with its restaurants, shopping centers, and entertainment venues, is just a few minutes away. The city's outdoor culture attracts locals and tourists, adding to the potential customer base. Easily accessible by major roads and highways, including I-24 and US-27, the location ensures convenient transportation for employees, clients, and suppliers. The property benefits from proximity to key employers, schools, healthcare centers, and government offices. This property, with a size of 13509 square feet, offers potential for long-term ownership, rental income, or a flagship location.
Key Highlights
- Prime location in a high‑traffic area with excellent visibility and easy access to major roads and highways.
- Flexible layout options with ample square footage suitable for various commercial uses.
- Updated infrastructure ensures the property is move‑in ready.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,398
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,087,960
$2.1M
Cap Rate 7%
$1,491,400
$1.5M
Cap Rate 9%
$1,159,978
$1.2M
Market Conditions
NOI Build-Up for 13,509 SF
Gross rent
$162.1K $12.00/SF
− Vacancy
−$13.0K −$0.96/SF
EGI
$149.1K $11.04/SF
− OpEx
−$44.7K −$3.31/SF
NOI
$104.4K $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 Rate 5%
$2,087,960
Cap Rate 7%
$1,491,400
Cap Rate 9%
$1,159,978
Alternative Uses
Best Use
Retail
$1.49M
$1.30M – $1.74M
NOI $104,398 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,847 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
453
Businesses Nearby
162k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 36%
Dining 29%
Groceries 25%
Superstores 11%
Walmart Neighborhood Market
Groceries
40,370 visits/mo
0.1 miles
Weigel's
Shops & Services
20,530 visits/mo
0.2 miles
McDonald's
Dining
20,493 visits/mo
0.4 miles
Big Lots
Superstores
17,309 visits/mo
0.2 miles
Five Below
Shops & Services
14,742 visits/mo
0.2 miles
Demographics for 37415, TN
23,580
Population
11,970
Households
2
Avg Household Size
38
Median Age
45%
College-Educated
95%
High-School Grad
17.5 sq mi
ZIP Area
1,347
Density / Sq Mi
$67,027
Median Household Income
$42,933
Median Earnings
$1,240
Median Rent
$261,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial property in a sought-after Chattanooga location.
Where is this retail space located?
The property is located at 1007 Ashland Terrace 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: Prime location in a high‑traffic area with excellent visibility and easy access to major roads and highways.; Flexible layout options with ample square footage suitable for various commercial uses.; Updated infrastructure ensures the property is move‑in ready.
