Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    164 31St St Chattanooga, TN 37410

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern flex space, multiple suites, 72,000 SF vacant.

    Lot size:
    156,312 SF

    Property Features for 164 31St St

    General Information

    Property type
    Life science properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    156,312 SF
    Class
    B
    Total Rate
    78156

    Building Details

    Year Built/Renovated
    1956/2021
    Buildings
    2
    Stories
    1

    Spaces For Lease

    at 164 31St St, Chattanooga, TN 37410 Contact us
    Unit Suite 126

    $8 /Mo

    Size
    29,987 SF
    Contact us
    Unit 3140 Alton Park Blvd.

    $7 /Mo

    Size
    47,000 SF
    Contact us

    We can help!

    Listing Contact
    Trace Walker
    Trace Walker

    Listing Agency: Fletcher Bright Realty Listing Agent: Trace Walker

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional industrial property, located at 164 W 31st St, Chattanooga, TN 37410, offers a unique opportunity for businesses seeking flexible and adaptable space. The property consists of two single-story buildings totaling 156,312 square feet, built in 1956 and extensively renovated in 2021. Currently, 72,000 square feet of space is immediately available, divisible into units as small as 11,000 square feet, with a maximum contiguous space of 35,533 square feet. The property features a 20-foot ceiling height, seven loading docks with seven dock-high doors, one drive-in door, and ample parking for 20+ vehicles. Situated on a 5.25-acre lot with 175 feet of frontage on Alton Park Blvd, the property boasts convenient access and excellent visibility. The property is zoned M-1 and has a Class B rating. Property taxes are $0.24 per square foot. This versatile space is suitable for manufacturing, flex, warehouse, distribution, and R&D uses, making it an ideal location for a variety of businesses. Six total suites are available across the two buildings. The property's location in Chattanooga, Tennessee provides access to a strong workforce and excellent transportation infrastructure. Don't miss this chance to secure prime industrial space in a thriving market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sentinel Commercial Properties ... Real Estate Agency The Kickoff Publishing House

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.31325237
    Latitude
    35.01681146

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Tallan Financial Center

      All-inclusive access to workspace, virtual office and meeting rooms in 505 Montgomery
      200 Martin Luther King Blvd, Chattanooga, TN 37402
      View Details
    • $30 SF/Yr
      1,395 SF

      Downtown Chattanooga Retail Space Available

      Retail space in downtown Chattanooga, anchored by Tapestry by Hilton.
      736 Broad St, Chattanooga, TN 37421
      View Details
    • $28 SF/Yr
      11,544 SF

      Prime Northshore Retail/Office Space

      Sought-after location near dining, shopping, and downtown Chattanooga attractions.
      419 N Market St, Chattanooga, TN 37405
      View Details
    • $10 SF/Yr
      78,137 SF

      Retail Space on Hixson Pike

      8,477 SF retail space on a high-traffic corridor.
      3600 Hixson Pike, Chattanooga, TN 37415
      View Details
    • $23 SF/Yr
      46,109 SF

      Downtown Chattanooga Class A Office

      Class A office space in the heart of downtown Chattanooga.
      811 Broad St, Chattanooga, TN 37402
      View Details
    • $18 SF/Yr
      54,386 SF

      Prime Chattanooga Office Space

      Centrally located office space with recent lobby renovations and highway access.
      325 Market St, Chattanooga, TN 37402
      View Details
    • $16 SF/Yr
      32,184 SF

      Prime Commercial Spaces For Lease

      Commercial spaces for lease in downtown Chattanooga's central business district.
      835 Georgia Ave, Chattanooga, TN 37402
      View Details
    • $16 SF/Yr
      22,120 SF

      Office Space Near Southside

      Office space for lease near vibrant Southside neighborhood.
      1601 S Holtzclaw Ave, Chattanooga, TN 37404
      View Details
    • Contact for pricing
      4,200 SF

      Medical Office Space Development Opportunity

      4,200 SF medical office space available for custom development.
      607 Dodds Ave, Chattanooga, TN 37404
      View Details
    • Contact for pricing
      27,770 SF

      Shell Space Near I-24

      Shell space available for rent near I-24 and hospital.
      929 Spring Creek Rd, Chattanooga, TN 37412
      View Details
    • $6 SF/Yr
      11,219 SF

      Manufacturing Warehouse Near Highway 24

      11,219 SF M1-zoned manufacturing warehouse with convenient highway access.
      3715 Calhoun Ave, Chattanooga, TN 37407
      View Details
    • $23 SF/Yr
      2,618 SF

      Medical Office Space Available

      Medical office space for lease in Chattanooga, Tennessee.
      7268 Jarnigan Rd, Chattanooga, TN 37421
      View Details

    FAQs

    What type of property is this?
    Life science property - Modern flex space, multiple suites, 72,000 SF vacant.
    Where is this life science property located?
    The property is located at 164 31St St Chattanooga, TN.
    What is the lease rate?
    The lease rate is $7-$8 SF/Yr.
    What are key features of this property?
    This property features: Downtown Chattanooga location.; Heavy industrial (M-1) zoning.; Less than half-mile to I-24.
    (423) 598-1469 Call to check price and availability
    Request Owner's contact information
    164 31St St Chattanooga, TN 37410
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    164 31St St
    Chattanooga, TN 37410
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    164 31St St Chattanooga, TN 37410
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Trace Walker
    Trace Walker
    Real Estate License ID: 334693
    (423) 598-1469
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!