Medical Office Space For
For Sale
Contact for pricing
2400 McCallie Ave, Chattanooga, TN 37404
Prime commercial location ideal for medical use near Parkridge Hospital.
Property Size4,048 SF
Lot Size0.33 Acres
Price / SF$250
Days on Market1006
Property Features for 2400 McCallie Ave
General Information
Standard status
Active
Size
4,048 SF
Lot size
0.33 Acres
Property subtype
Mixed Use, Office, Retail
Zoning
C-2
Building Details
Year Built
1935
Listing Agency:
The James Company Real Estate Brokers & Development
Listed By:
James Perry · License #TN 228482
(423) 400-2424
Source:
Crexi
Added: Jan 5, 2024
Changed: Sep 30
Last Checked: Oct 7 at 12:40PM
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 The James Company Real Estate Brokers & Development
Investment Insights
Based on property information with market context.
This 4,048 square foot commercial property, constructed in 2011, is situated on a level 0.33-acre corner lot. The property benefits from 100 feet of road frontage on McCallie Avenue and 134 feet on S. Watkins Street. Located directly across from Parkridge Hospital and the Center for Sports Medicine and Orthopaedics, it is particularly well-suited for medical use. The property features ample parking and is located in an area with high traffic count.
Key Highlights
- Prime commercial location directly across from Parkridge Hospital & Center for Sports Medicine and Orthopaedics.
- Ideal for medical use.
- Corner lot with ample parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,451
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$929,020
$929.0K
Cap Rate 7%
$663,586
$663.6K
Cap Rate 9%
$516,122
$516.1K
Market Conditions
NOI Build-Up for 4,048 SF
Gross rent
$72.9K $18.00/SF
− Vacancy
−$10.9K −$2.70/SF
EGI
$61.9K $15.30/SF
− OpEx
−$15.5K −$3.82/SF
NOI
$46.5K $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%
$929,020
Cap Rate 7%
$663,586
Cap Rate 9%
$516,122
Alternative Uses
Best Use
Office B
$663.6K
$580.6K – $774.2K
NOI $46,451 @ 7.0% cap · market cap 4.59%
Second Best
Healthcare Medical
$644.1K
$563.6K – $751.5K
NOI $45,088 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$894.0K
$782.3K – $1.04M
NOI $62,581 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Explore this area
Business Placement
Demographics for 37404, TN
13,106
Population
5,887
Households
2.2
Avg Household Size
34
Median Age
32%
College-Educated
86%
High-School Grad
5.2 sq mi
ZIP Area
2,520
Density / Sq Mi
$53,585
Median Household Income
$35,983
Median Earnings
$999
Median Rent
$235,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Prime commercial location ideal for medical use near Parkridge Hospital.
Where is this mixed-use property located?
The property is located at 2400 McCallie Ave Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,012,000.
What are key features of this property?
This property features: Prime commercial location directly across from Parkridge Hospital & Center for Sports Medicine and Orthopaedics.; Ideal for medical use.; Corner lot with ample parking.
