Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    125 Lee Pkwy Dr Chattanooga, TN 37421-1895

    • Office Properties & Spaces
    • 3,875 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0667155
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • FedEx Drop Box / Postal Service / Courier Service
    • The Studio for Hair and Art / Hair Salon
    • American flag monument / Museum

    Property Details for 125 Lee Pkwy Dr

    Year built
    1988
    Lot size
    0.33 lot acres
    Property size
    3,875 SF
    Zone code
    C2
    Property type
    Office Properties & Spaces
    APN
    148D E 022.07
    APU
    148DE02207

    Description

    This exceptional 3,875 square foot Class B office building, located at 125 Lee Pkwy Dr in Chattanooga, Tennessee, presents a unique investment opportunity. Built in 1988, this single-story structure sits on a 22,216 square foot lot and is zoned for commercial use. The property features four separate electric meters, allowing for flexible occupancy and potential subdivision. Currently, the building houses a high-end salon and offers several offices of varying sizes, including a spacious conference room. The building boasts beautiful trimwork and nine-foot ceilings, creating an airy and professional atmosphere. Previously occupied by a law firm and a title company, this property is ideal for an owner-user or investor seeking a prime location in Chattanooga. The asking price is $715,000, translating to $184.52 per square foot. The building could be easily divided into four or five separate offices, providing excellent potential for rental income. Available for occupancy on August 13, 2024. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable area. The property's history of successful professional tenants speaks to its inherent value and appeal.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1621
    Latitude
    35.0477
    CBSA code
    16860
    CBSA name
    CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,774
    $0.00
    $0.00
    $124,000
    -
    $109,500
    $200,500
    $310,000

    Comparable in this City

    • Value Estimation by Request
      1.23 Acres

      1820 Polymer Dr

      OFFICE (GENERAL) • 1.23 Acres
      1820 Polymer Dr, Chattanooga, TN 37421-2279
      View Details
    • Value Estimation
      $670,000
      2,400 SF

      6061 International Dr

      OFFICE (GENERAL) • 2,400 SF
      6061 International Dr, Chattanooga, TN 37421-1679
      View Details
    • Value Estimation
      $785,000
      6,380 SF

      2807 Walker Rd

      OFFICE (GENERAL) • 6,380 SF
      2807 Walker Rd, Chattanooga, TN 37421-1064
      View Details
    • Value Estimation by Request
      715 SF

      6918 Shallowford Rd

      OFFICE (GENERAL) • 715 SF
      6918 Shallowford Rd, Chattanooga, TN 37421-6784
      View Details
    • Value Estimation by Request
      2,700 SF

      6918 Shallowford Rd

      OFFICE (GENERAL) • 2,700 SF
      6918 Shallowford Rd, Chattanooga, TN 37421-6784
      View Details
    • Value Estimation by Request
      1,500 SF

      6918 Shallowford Rd

      OFFICE (GENERAL) • 1,500 SF
      6918 Shallowford Rd, Chattanooga, TN 37421-6784
      View Details

    Similar Nearby for Sale

    • $449,000
      1.00 Acre

      Chattanooga Airport Commercial Lot

      Prime 1-acre corner lot, redevelopment opportunity.
      713 Airport Rd, Chattanooga, TN 37421
      View Details
    • $1,149,000
      5,155 SF

      Chattanooga Mixed-Use Property

      Prime East Brainerd Rd location. Two buildings, high visibility.
      7235 Brainerd Rd, Chattanooga, TN 37421
      View Details
    • $3,250,000
      19,000 SF

      Central Chattanooga Office Park

      High-performing, 19,000 SF office complex
      5811 Lee Hwy, Chattanooga, TN 37421
      View Details
    • $2,825,000
      12,000 SF

      Chattanooga Retail/Office Investment

      12,000 SF, 100% Occupied, High NOI
      7610 Hamilton Park Dr, Chattanooga, TN 37421
      View Details
    • $1,500,000
      4,660 SF

      Hamilton Place Retail/Medical Freestanding Building

      Freestanding building in Hamilton Place shopping/medical corridor, excellent visibility.
      2200 Hamilton Place Blvd, Chattanooga, TN 37421
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      40,000 SF

      Chattanooga Executive Office Suites

      Class A Office Space, Ample Parking
      1208 Pointe Center Dr, Chattanooga, TN 37421
      View Details
    • Contact for pricing
      1,160,815 SF

      Hamilton Place Mall Retail Space

      Prime Chattanooga retail & mixed-use opportunity.
      2130 Hamilton Place Blvd, Chattanooga, TN 37421
      View Details
    • $24 SF/Yr
      53,335 SF

      Pointe Centre Executive Office Space

      Class A Office, Chattanooga, TN. Prime Location.
      1232 Premier Dr, Chattanooga, TN 37421
      View Details
    • $19 SF/Yr
      11,500 SF

      Napier Drive Office Space

      Chattanooga Executive Office Suites Available
      2307 Napier Rd, Chattanooga, TN 37421
      View Details
    • Contact for pricing
      14,212 SF

      East Brainerd Retail Center

      Prime Retail Space, 3 Units Available
      8021 Brainerd Rd, Chattanooga, TN 37421
      View Details
    • $23 SF/Yr
      9,148 SF

      Concorde Creek Office Condo

      Prime Gunbarrel Rd Office Space Available
      1515 Gunbarrel Rd, Chattanooga, TN 37421
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    125 Lee Pkwy Dr
    Chattanooga, TN 37421-1895
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.