7308 Shallowford RdChattanooga, TN 37421

Property Details for 7308 Shallowford Rd

Year built

2018

Lot size

0.37 AC

Property size (Sq ft)

4,800 SF

Zone code

C2

Property type

Office properties

Property subtype

Other office properties

APN

149H E 003

APU

149HE003

Description

This exceptional Class A, 4,800 square foot shopping center/storefront/traditional office space is located at 7308 Shallowford Rd, Chattanooga, TN 37421, in Hamilton County. Built in 2018, this fee-simple property sits on a 0.37-acre lot and boasts 23 parking spaces. Currently 100% occupied since March 1, 2021, under a NNN lease with a single tenant, the property offers a 5-year lease (expiring February 28, 2026) with a remaining term of approximately 1.3 years and a 2% annual rent bump. The current NOI is $101,875, yielding a 5.51% cap rate, with a pro-forma NOI of $168,000 and a pro-forma cap rate of 9.08%. The property is zoned C-2 and features large storefront windows, ample parking, and a versatile open floor plan. The lease includes one 3-year renewal option. This value-add investment opportunity presents a significant return potential due to below-market rents. The property's prime location on Shallowford Road, with over 20,000 vehicles passing daily, ensures high visibility and accessibility. Asking price is $1,850,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,015,221

  6.5%

  $937,127

  7%

  $870,189

• Comparable approach

  Method

  Valuation

  Relative Method

  $781,872

  Geo Method

  $936,288

• Alternative Use

  Use

  Valuation

  Residential

  $1,162,038

  Hospitality

  $1,064,420

  Educational

  $885,585

  Medical

  $916,042

  Retail

  $1,377,577

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.041

Longitude

-85.1531

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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