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Property profile & analytics
FOR SALE
Office Spaces
1304 Mccallie Ave Chattanooga, TN 37404
Entity Owned
7-yr Hold
Free & Clear
Property ID
US80-3483745
For Sale
1 / 77
$5,750,000
1304 Mccallie Ave, Chattanooga, TN 37404
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Property summary
AI-generated overview
This exceptional multi-tenant investment opportunity in Chattanooga, Tennessee, presents a compelling prospect for discerning investors. Located at 1304 McCallie Ave, this property encompasses 21,378 square feet across two, two-story buildings situated on a 1.23-acre lot. The property boasts a 7.26% cap rate and a strong net operating income (NOI) of $417,280, supported by four tenants under long-term leases with annual escalations. The property's diverse tenant mix includes creative office, medical office, and storefront spaces, ensuring a stable and diversified income stream. Extensive renovations were completed between 2018 and 2022, encompassing all major systems, including HVAC, utilities, and a new TPO roof. The property features 80 parking spaces, providing ample convenience for tenants and their clients. Its prime location on McCallie Avenue offers high visibility and accessibility within a thriving community, characterized by a strong demographic profile with a median age of 44.1 and an average household income of $112,137 within a one-mile radius. This Class A property represents a turnkey investment opportunity with significant upside potential. The asking price is $5,750,000.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1930
Total area
21,050 SF
Lot
0.76 ac (33,017 SF)
Zoning code
M1
APN
146J J 023
UPID
US80-3483745
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
-
Lookout Fitness Gym & Fitness Center
-
CENTURY 21 Prestige Real Estate Agency
-
Tennessee Valley Reg Fiscal State Government Office
-
The Dustin Mullins Team at Century 21 Prestige Real Estate Agency
-
Jamie Curtis Realtor Chattanooga Century21 Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.90M
Blend (final)
Blend
$2.90M
Owner & transaction history
1304 Mccallie LLC · 7 yrs held
1304 Mccallie LLC
since 2018
5 recorded transactions
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.5M
+78.9%
Retail stores
$2.6M
+2.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chattanooga submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chattanooga submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,500,000
Current use
AUTO REPAIR, GARAGE
$4,470,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$2,560,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.90M
Range $2.61M – $3.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$138 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,022
Tax year 2023
Assessed value
$716,120
Assessed 2023
Previous assessed
$716,120
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$354,400
Improvement market value
$1,435,900
Total market value
$1,790,300
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1930
Heating
NONE
Stories
1
Total area
21,050 SF
Lot
0.76 ac (33,017 SF)
Zoning code
M1
APN
146J J 023
UPID
US80-3483745
Jurisdiction
HAMILTON
Zoning & alternative use
M1 · Chattanooga, TN
Zoning M1 · permitted uses
M1 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chattanooga. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Stories
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
1304 Mccallie LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 70, CHATTANOOGA, TN 37401-0070
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2021
—
1304 Mccallie LLC
—
Deed
related
$3,995,000 · First Volunteer Bank
Oct 31, 2018
$425,000
1304 Mccallie LLC
Brody,kirk W & Donna R
Warranty Deed
—
Apr 22, 2016
$525,000
Kirk W Brody
Splawn Enterprises LLC
Warranty Deed
$420,000 · Pinnacle Bank
Nov 21, 2011
—
Splawn Ents LLC
Splawn,james L
Quit Claim Deed
related
—
Jul 1, 2005
$653,333
James L Splawn
Bowman,nickey A
Warranty Deed
$653,333 · Nickey A Bowman
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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