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    110 Somerville Ave Chattanooga, TN 37405

    Sponsored
    For Lease
    $72 SF/Yr

    Modern Offices, Flexible Leases, Prime Location

    Lot size:
    48,457 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Society of Work at Somer Station offers exceptional office space in Northshore's vibrant community. This beautifully renovated (2023) three-story building (48,457 total square feet) boasts a blend of traditional and creative office spaces, perfect for individuals and small teams. Choose from multiple tenancy options, including month-to-month, 3-month, or 6-month leases. Available spaces range from 110 to 350 square feet, with private offices priced from $750 to $2,300 per month. The building, originally constructed in 1910, features one elevator for convenient access. Enjoy unparalleled convenience with its walkable proximity to Whole Foods, restaurants, and coffee shops. Amenities include 5+ coworking spaces, 4 meeting rooms, 10 phone booths, onsite parking, high-speed wireless internet, shared kitchens with unlimited coffee, and 12 hours of complimentary conference room usage per month. Enjoy 24/7 building access, a pet-friendly environment, and access to a changing room and shower. This is a membership-based shared office space designed to support your business growth.

    Property Features for 110 Somerville Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    48,457 SF
    Total Rate
    290742

    Building Details

    Year Built/Renovated
    1910/2023
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Flexible Office Space
    Size
    350 SF
    Rate per SF
    $27,300
    Space
    Medium Office
    Size
    175 SF
    Rate per SF
    $72
    Space
    Large Office
    Size
    250 SF
    Rate per SF
    $76

    HighLights

    • 48,457 square foot, three‑story office building, built in 1910 and renovated in 2023.
    • Single building with one elevator.
    • Multiple tenancy options available, including traditional office, coworking, and creative office spaces.
    • Available spaces range from 110 to 350 square feet.
    • Amenities include multiple coworking spaces, meeting rooms, phone booths, onsite parking, high‑speed internet, shared kitchens, and 24/7 access.
    Property Profile Location Intelligence

    Current Use by Public Records

    Pathway Lending Loan Agency Shekari Law PLLC Attorney Spurgin & Mattingly, PLLC Criminal Justice Attorney Tomorrow Building at Somer ... Apartment Complex Signature Real Estate ... Real Estate Agency

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center 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
    -85.3132179
    Latitude
    35.0640031

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    FAQs

    What type of property is this?
    Office space - Modern Offices, Flexible Leases, Prime Location
    Where is this office space located?
    The property is located at 110 Somerville Ave Chattanooga, TN.
    What is the lease rate?
    The lease rate is $72-$27,300 SF/Yr.
    What are key features of this property?
    This property features: 48,457 square foot, three-story office building, built in 1910 and renovated in 2023.; Single building with one elevator.; Multiple tenancy options available, including traditional office, coworking, and creative office spaces.
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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

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    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
    110 Somerville Ave Chattanooga, TN 37405
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