Prime Commercial Property in
For Sale
Contact for pricing
14788 Rankin Ave, Dunlap, TN 37327
High-visibility commercial property ideal for retail or restaurant use.
Property Size2,000 SF
Price / SF$262.50
Days on Market668
Property Features for 14788 Rankin Ave
General Information
Standard status
Active
Size
2,000 SF
Total Parking Spaces
60
Property subtype
Mixed Use, Retail
Zoning
C-2
Occupancy
100%
Building Details
Buildings
1
Stories
1
Listing Agency:
Keller Williams Greater Chattanooga
(423) 497-2699
Listed By:
Amber Hardiman · License #356993
Source:
Crexi
Added: Oct 25, 2024
Changed: Aug 22
Last Checked: Aug 22 at 3:14PM
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 Keller Williams Greater Chattanooga
Investment Insights
Based on property information with market context.
Located in the vibrant downtown area of Dunlap, this commercial property is situated at the intersection of Rankin Ave and State Route 28, offering high visibility. The property is suitable for a family restaurant or retail storefront. It features a heated and cooled garage area for year-round comfort. There are 60 designated parking spaces and two driveways, providing easy access for customers. Essential utilities such as electric, gas, and city water are available. The interior showcases pearl epoxy flooring. The building currently houses a boutique full of stock, and the seller is open to discussing the possibility of including the contents in the sale. The property size is 2000 square feet. This commercial building stands at one of the busiest intersections in the city.
Key Highlights
- Prime location at the busy intersection of Rankin Ave and State Route 28, offering high visibility.
- 60 designated parking spaces and two driveways, ensuring easy accessibility for customers.
- Heated and cooled garage area provides year‑round comfort.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,612
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,240
$372.2K
Cap Rate 7%
$265,886
$265.9K
Cap Rate 9%
$206,800
$206.8K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$26.4K $13.20/SF
− Vacancy
−$1.6K −$0.79/SF
EGI
$24.8K $12.41/SF
− OpEx
−$6.2K −$3.10/SF
NOI
$18.6K $9.31/SF
Area
Sequatchie County, TN
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$372,240
Cap Rate 7%
$265,886
Cap Rate 9%
$206,800
Alternative Uses
Best Use
Specialty Retail
$265.9K
$232.7K – $310.2K
NOI $18,612 @ 7.0% cap · market cap 3.55%
Second Best
Retail
$220.8K
$193.2K – $257.6K
NOI $15,456 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$441.7K
$386.5K – $515.3K
NOI $30,920 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
84k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 28%
Home Improvements & Furnishings 14%
Electronics 1%
McDonald's
Dining
16,772 visits/mo
0.0 miles
Dollar Tree
Shops & Services
10,180 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
10,018 visits/mo
0.3 miles
SONIC Drive In
Dining
9,135 visits/mo
0.3 miles
Taco Bell
Dining
9,053 visits/mo
0.4 miles
Demographics for 37327, TN
12,412
Population
5,319
Households
2.3
Avg Household Size
43
Median Age
18%
College-Educated
81%
High-School Grad
191.4 sq mi
ZIP Area
65
Density / Sq Mi
$51,862
Median Household Income
$28,990
Median Earnings
$843
Median Rent
$217,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - High-visibility commercial property ideal for retail or restaurant use.
Where is this storefront property located?
The property is located at 14788 Rankin Ave Dunlap, TN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Prime location at the busy intersection of Rankin Ave and State Route 28, offering high visibility.; 60 designated parking spaces and two driveways, ensuring easy accessibility for customers.; Heated and cooled garage area provides year‑round comfort.
