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    5821 Lee Hwy Chattanooga, TN 37421

    Sponsored
    For Sale
    $1,545,000

    12,707 SF Multi-Tenant Storefront

    Property size:
    12,707 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional value-add opportunity presents a 12,707 square foot multi-tenant storefront located at 5817-5821 Lee Hwy in Chattanooga, Tennessee. The property, built in 1990, sits on a 0.65-acre lot and boasts 100% occupancy with four units, generating a strong net operating income (NOI) of $70,716 and a 4.58% cap rate. Currently operating under a modified lease structure, the property offers significant upside potential. The asking price is $1,545,000, translating to $121.59 per square foot. Situated in the desirable East Brainerd area, this Class C property benefits from a prime location with high visibility and accessibility. The C2 zoning allows for flexible use, including retail, office, or mixed-use development. The surrounding area demonstrates strong demographics, including a high average household income exceeding $75,000 and a well-educated population. This presents a compelling investment opportunity for those seeking to capitalize on a thriving market and enhance the property's value through strategic renovations or lease-up strategies. The property's strong current performance, combined with its potential for future growth, makes it an attractive addition to any investment portfolio.

    Property Features for 5821 Lee Hwy

    General Information

    Property type
    Individual retail properties
    Square Feet
    12,707 SF
    Class
    C
    Lot Size
    28,314 SF

    Building Details

    Year Built
    1990
    Units
    4

    HighLights

    • 12,707 SF multi‑tenant retail building on a 0.65‑acre lot in Chattanooga, TN.
    • 100% occupied, generating $70,716 NOI and a 4.58% cap rate.
    • Asking price: $1,545,000 ($121.59/SF).
    • Prime East Brainerd location with high visibility and accessibility; C2 zoning.
    • Strong demographics with high average household income exceeding $75,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    J &M PAWN Pawn Shop Pawn Pawn Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1991036
    Latitude
    35.0222872

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    FAQs

    What type of property is this?
    Individual retail property - 12,707 SF Multi-Tenant Storefront
    Where is this individual retail property located?
    The property is located at 5821 Lee Hwy Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $1,545,000.
    What are key features of this property?
    This property features: 12,707 SF multi-tenant retail building on a 0.65-acre lot in Chattanooga, TN.; 100% occupied, generating $70,716 NOI and a 4.58% cap rate.; Asking price: $1,545,000 ($121.59/SF).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5821 Lee Hwy Chattanooga, TN 37421
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