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    3221 Wilcox Blvd Chattanooga, TN 37411
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    Property profile & analytics

    3221 Wilcox Blvd, Chattanooga, TN 37411

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    • Industrial properties
    • 8,700 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Crawlspace Medic of Chattanooga / Hardware & Home Improvement / Construction Company
    • Carpet & Flooring USA of Chattanooga / Big Box & Wholesale Store

    Property Details for 3221 Wilcox Blvd

    Property type
    Industrial properties
    Property subtype
    Flex space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2414
    Latitude
    35.0492

    Comparable in this City

    • Value Estimation by Request
      26,250 SF

      3215 Wilcox Blvd

      Distribution properties
      3215 Wilcox Blvd, Chattanooga, TN 37411
      View Details
    • Value Estimation
      $715,000
      7,126 SF

      5609 Brainerd Rd

      MANUFACTURING (LIGHT)
      5609 Brainerd Rd, Chattanooga, TN 37411-5341
      View Details
    • Value Estimation by Request
      480 SF

      3256 Brainerd Rd

      WAREHOUSE, STORAGE
      3256 Brainerd Rd, Chattanooga, TN 37411-3500
      View Details
    • Value Estimation by Request
      0.03 Acres

      594 Bonnie Lassie Dr

      WASTE DISPOSAL, SEWAGE
      594 Bonnie Lassie Dr, Chattanooga, TN 37411-5004
      View Details
    • Value Estimation by Request
      2,094 SF

      4547 Brainerd Rd

      R&D FACILITY, LABS, PHARMA
      4547 Brainerd Rd, Chattanooga, TN 37411-5429
      View Details
    • Value Estimation by Request
      4,275 SF

      4637 Shallowford Rd

      WAREHOUSE, STORAGE
      4637 Shallowford Rd, Chattanooga, TN 37411-1130
      View Details

    Similar Nearby for Sale

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      Leased Stand-Alone Building For Sale

      Fully leased building with a long-term tenant and ample parking.
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      Two-Story Bank Building For Sale

      Two-story, 6,148 SF bank building on 0.8 acres.
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      Residential Land in Chattanooga, TN

      Residential land available in Chattanooga, Tennessee.
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      Prime Commercial Land For Sale

      Pad-ready land with high traffic frontage on Brainerd Road.
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    • New
      $245,000
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      Renovated Duplex in Prime Location

      Turnkey duplex with immediate cash flow and long-term upside.
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      Contact for pricing
      0.28 Acres

      Residential Land in Chattanooga, TN

      Residential land for sale in Chattanooga, Tennessee.
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    Similar Nearby for Lease

    • Contact for pricing

      Accessible Office and Flex Space

      Office and flex spaces with flexible lease terms available for rent.
      3215 Wilcox Blvd, Chattanooga, TN 37411
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    • Contact for pricing

      Redeveloped Commercial Flex Space

      Commercial/flex space with roll-up doors and security features.
      3221 Wilcox Blvd, Chattanooga, TN 37411
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    • Contact for pricing
      3,980 SF

      Retail Space in Brainerd Village

      Open-air retail center with high traffic and strong demographics.
      5730-5764 Brainerd Rd, Chattanooga, TN 37411
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    • Contact for pricing

      Former Walmart Neighborhood Market

      Former Walmart Neighborhood Market for sublease.
      4110 Shallowford Rd, Chattanooga, TN 37411
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      Secure Private Offices For Rent

      Private offices with utilities, internet, parking, and updated finishes.
      5600 Brainerd Rd, Chattanooga, TN 37411
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      Office Space in Midtown Office

      Multi-level office building with customizable suites and ample parking.
      5751 Uptain Rd, Chattanooga, TN 37411
      View Details
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    Chattanooga, TN 37411
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    Realmo Value Estimations

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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