Prime Retail Location in
For Sale
Contact for pricing
321 Browns Ferry Rd, Chattanooga, TN 37419
High-visibility retail space near Hwy 24, ideal for diverse businesses.
Property Size53,723 SF
Price / SF$97.72
Days on Market1844
Property Features for 321 Browns Ferry Rd
General Information
Standard status
Active
Size
53,723 SF
Class
B
Property subtype
Office, Retail
Zoning
C2
Occupancy
68%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$301,531
Building Details
Year Built
1993
Year Renovated
2019
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
KW Commercial Chattanooga - Downtown
Listed By:
Brockman Missel · License #GA 374144
Source:
Crexi
Added: Sep 30, 2021
Changed: Oct 16
Last Checked: Oct 16 at 8:41AM
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 KW Commercial Chattanooga - Downtown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 321 Browns Ferry Rd in Chattanooga, this retail strip center offers a leasing opportunity with high visibility. The property is strategically positioned just off the Hwy 24 corridor, benefiting from substantial traffic. The location is suited for various businesses, including retail stores, restaurants, and service-based operations, with flexible spaces available in multiple sizes. The property is near established residential neighborhoods, providing a consistent customer base for everyday products and services. It is also located close to shopping centers, dining options, fitness facilities, and other attractions, which contribute to diverse foot traffic. Ample parking is available for both customers and staff. The property size is 53723 square feet.
Key Highlights
- High‑traffic location with direct access to Hwy 24, providing exceptional visibility.
- Flexible spaces suitable for retail, food, or service businesses.
- Strong local customer base due to proximity to residential neighborhoods.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$415,171
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,303,420
$8.3M
Cap Rate 7%
$5,931,014
$5.9M
Cap Rate 9%
$4,613,011
$4.6M
Market Conditions
NOI Build-Up for 53,723 SF
Gross rent
$644.7K $12.00/SF
− Vacancy
−$51.6K −$0.96/SF
EGI
$593.1K $11.04/SF
− OpEx
−$177.9K −$3.31/SF
NOI
$415.2K $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%
$8,303,420
Cap Rate 7%
$5,931,014
Cap Rate 9%
$4,613,011
Alternative Uses
Best Use
Retail
$5.93M
$5.19M – $6.92M
NOI $415,171 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.86M
$10.38M – $13.84M
NOI $830,549 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
142k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Dining 25%
Hotels & Casinos 7%
QuikTrip
Shops & Services
59,045 visits/mo
0.2 miles
McDonald's
Dining
27,150 visits/mo
0.4 miles
MAPCO Mart
Shops & Services
18,522 visits/mo
0.4 miles
Circle K
Shops & Services
10,642 visits/mo
0.2 miles
Dollar General
Shops & Services
7,908 visits/mo
0.5 miles
Demographics for 37419, TN
6,438
Population
2,952
Households
2.2
Avg Household Size
45
Median Age
48%
College-Educated
92%
High-School Grad
49.0 sq mi
ZIP Area
131
Density / Sq Mi
$86,029
Median Household Income
$51,528
Median Earnings
$979
Median Rent
$302,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Shopping center - High-visibility retail space near Hwy 24, ideal for diverse businesses.
Where is this shopping center located?
The property is located at 321 Browns Ferry Rd Chattanooga, TN.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: High‑traffic location with **direct access to Hwy 24, providing exceptional visibility.**; Flexible spaces suitable for retail, food, or service businesses.; Strong local customer base due to proximity to residential neighborhoods.
