5811 Lee Hwy Chattanooga, TN 37421
- Office Properties & Spaces
- 19,000 SF
- 1.21 lot acres
Current Use by Public Records
- Vision Coordination Services Inc / Social Services Organization
- Inspire Hair and Beauty / Beauty Salon
- Shelter Insurance - Bobby Bennett / Auto Insurance Agency / Home Insurance Agency
- Reign Studio / Hair Extension Technician
- The Hendrickson Agency - Farmers Insurance / Insurance Agency
Property Details for 5811 Lee Hwy
- Year built
- 1961
- Lot size
- 1.21 lot acres
- Property size
- 19,000 SF
- Zone code
- C2
- Property type
- Office Properties & Spaces
- APN
- 158A C 019
- APU
- 158AC019
Description
This exceptional 1,250-square-foot office space is situated at 5811 Lee Highway in Chattanooga, Tennessee, zip code 37421. The property, built in 1961, is a single-story building on a 1.21-acre lot (APN: 158A C 019). Currently configured as a traditional office space with coworking potential, this property offers a single tenant the opportunity to establish a significant presence in a thriving commercial area. The building does not include elevators. Its location along Lee Highway, a major Chattanooga commercial corridor, provides excellent visibility and accessibility. The property's strategic position near Interstates 75 and 24 ensures convenient access for employees and clients alike. The surrounding neighborhood is well-established, characterized by robust commercial activity and ample parking, creating a desirable environment for businesses. This presents a unique opportunity to secure a well-located office space in a growing business hub. One space is currently available for lease. The property type is classified as an office building with multiple tenancy options.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $655,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $705,000
- 6.5%
- $805,000
- 7%
- $775,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $750,000
- Geo Method
- $760,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $620,000
- Retail
- $805,000
- Mixed-Use
- $850,000
- Hospitality
- $780,000
- Educational
- $660,000
- Residential Income
- $755,000
- Energy
- $670,000
- Income-Based Land
- $655,000
- Food Service
- $615,000
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2007
- Latitude
- 35.0214
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA