Retail Property in Hamilton
For Sale
Contact for pricing
7351 Commons Blvd, Chattanooga, TN 37421
Retail space for sale in a high-traffic area.
Property Size12,580 SF
Price / SF$222.58
Days on Market945
Property Features for 7351 Commons Blvd
General Information
Standard status
Active
Size
12,580 SF
Property subtype
Retail
Zoning
c2
Lease Type
NNN
Building Details
Year Built
2001
Units
1
Listing Agency:
NAI Charter Real Estate
Listed By:
Chad Wamack · License #TN 00284734
(423) 267-6549
Source:
Crexi
Added: Mar 19, 2024
Changed: Oct 6
Last Checked: Oct 16 at 7:05AM
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 NAI Charter Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property, constructed in 2001, is located in the Hamilton Place trade area. It is zoned C-2 and includes 35 parking spaces. The property features one dock door and ceiling heights ranging from 10 to 14 feet. The location offers accessibility to I-75 and Gunbarrel Road, which sees a traffic volume of 18,122 vehicles per day. The property size is 12,580 square feet. Deed restrictions on use apply.
Key Highlights
- Rare property in the Hamilton Place trade area
- Easy access to I‑75 and Gunbarrel Road
- 35 Parking Spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$97,218
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,944,360
$1.9M
Cap Rate 7%
$1,388,829
$1.4M
Cap Rate 9%
$1,080,200
$1.1M
Market Conditions
NOI Build-Up for 12,580 SF
Gross rent
$151.0K $12.00/SF
− Vacancy
−$12.1K −$0.96/SF
EGI
$138.9K $11.04/SF
− OpEx
−$41.7K −$3.31/SF
NOI
$97.2K $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%
$1,944,360
Cap Rate 7%
$1,388,829
Cap Rate 9%
$1,080,200
Alternative Uses
Best Use
Retail
$1.39M
$1.22M – $1.62M
NOI $97,218 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.78M
$2.43M – $3.24M
NOI $194,485 @ 7.0% cap · market cap 6.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,776
Businesses Nearby
867k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 26%
Apparel 24%
Shops & Services 19%
Home Improvements & Furnishings 10%
Dillard's
Apparel
74,421 visits/mo
0.5 miles
Belk
Apparel
60,605 visits/mo
0.5 miles
Best Buy
Electronics
56,070 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
52,674 visits/mo
0.3 miles
Lowe's
Home Improvements & Furnishings
42,198 visits/mo
0.4 miles
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space for sale in a high-traffic area.
Where is this retail space located?
The property is located at 7351 Commons Blvd Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Rare property in the Hamilton Place trade area; Easy access to I‑75 and Gunbarrel Road; 35 Parking Spaces
