Technical
Financial
Distress signals
Property profile

1222 38th St Chattanooga, TN 37407

OFF-MARKET
Manufacturing properties
Property ID
US80-0451118
60,796 SF 1.73 ac lot Built 1968
Individually Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 60,796-square-foot industrial warehouse space in Chattanooga, Tennessee, presents a fantastic opportunity for businesses seeking a versatile and well-equipped facility. Located at 1222 E 38th St, zip code 37407, this Class B property, built in 1968, offers a single-tenant occupancy arrangement, ideal for businesses requiring ample space and privacy. The warehouse boasts impressive 18-foot ceilings, providing ample vertical storage capacity. Two loading docks ensure efficient loading and unloading operations, complemented by one grade-level door for added convenience. The property includes existing industrial shelving units, saving you the cost and time of installation. Beyond the warehouse space, the property also features two small offices and a shared break room, providing comfortable and functional workspace for employees. While the front office has a separate entry, shared access to the dock doors is in place with another tenant. This property is perfectly suited for distribution, warehousing, or flex-use businesses seeking a strategic location in Chattanooga. The property's size, features, and location make it an attractive option for a variety of industrial operations. Don't miss this chance to secure a prime industrial space in a thriving Tennessee market.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1968
Total area 60,796 SF
Lot 1.73 ac (75,359 SF)
Zoning code M1
APN 167D F 011
UPID US80-0451118

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Dealership
  • Auto Parts Store
  • Department Store
  • Department Store
  • Department Store

Location

1222 38th St Chattanooga, TN 37407-2462
Chattanooga metro Census 2300 CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$610k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$610k

Owner & transaction history

since 2024
Last sale
$611,500
6 recorded transactions
2024
Price N/A
2021
Price N/A
2016
$611,500
2014
$425,000
2009
$550,000
1999
$1.6M

Zoning & alternative use

M1 · Chattanooga, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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