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Property profile & analytics
FOR LEASE
Office Spaces

110 Somerville Ave Chattanooga, TN 37405

39,450 SF 1.6 ac lot Built 1920
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-1190352
Property summary
AI-generated overview

Society of Work at Somer Station offers exceptional office space in Northshore's vibrant community. This beautifully renovated (2023) three-story building (48,457 total square feet) boasts a blend of traditional and creative office spaces, perfect for individuals and small teams. Choose from multiple tenancy options, including month-to-month, 3-month, or 6-month leases. Available spaces range from 110 to 350 square feet, with private offices priced from $750 to $2,300 per month. The building, originally constructed in 1910, features one elevator for convenient access. Enjoy unparalleled convenience with its walkable proximity to Whole Foods, restaurants, and coffee shops. Amenities include 5+ coworking spaces, 4 meeting rooms, 10 phone booths, onsite parking, high-speed wireless internet, shared kitchens with unlimited coffee, and 12 hours of complimentary conference room usage per month. Enjoy 24/7 building access, a pet-friendly environment, and access to a changing room and shower. This is a membership-based shared office space designed to support your business growth.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1920
Total area 39,450 SF
Lot 1.6 ac (69,696 SF)
Zoning code M1
APN 135F F 008
UPID US80-1190352
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pathway Lending Loan Service
  • Shekari Law PLLC Law Firm
  • Spurgin & Mattingly, PLLC Law Firm
  • Tomorrow Building at Somer Station Apartment Complex
  • Signature Real Estate LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.06M
Owner & transaction history
Soto LLC · 5 yrs held
Soto LLC
since 2021
Last sale
$2.4M
2 recorded transactions
2024
Price N/A
2021
$2.4M
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
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