1500 41st St Chattanooga, TN 37407-2529
Property profile & analytics
1500 41st St Chattanooga, TN 37407-2529
- Warehouses
- 18,000 SF
- 2.70 lot acres
Property ID
US80-0467622
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.
Location Intelligence
Current Use by Public Records
- U-Haul Neighborhood Dealer / Car Rental Facility
- Safebox Self Storage / Storage Facility
Property Details for 1500 41st St
- Year built
- 2009
- Lot size
- 2.70 lot acres
- Property size
- 18,000 SF
- Zone code
- M1
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 168H H 006
- APU
- 168HH006
Description
This exceptional self-storage opportunity in Chattanooga, Tennessee presents a compelling value-add investment. The 22,000-square-foot facility, built in 2009, sits on a 2.7-acre lot with 695 feet of road frontage across three streets. Currently boasting 152 units and an 80% occupancy rate (projected to reach 100% by 10/31/2024), the property generates a strong NOI of $136,000. The facility comprises ten single-story buildings with 10-foot ceilings and includes a 600-square-foot office with kitchen and bathroom. Recent additions (2021/2022) include eight containerized storage units (2,848 sq ft). Approved plans for future expansion include 6,125 sq ft of climate-controlled units and 17,600 sq ft of non-climate-controlled units, increasing net rentable space to 43,973 sq ft. The property also offers ample space for auto, boat, and RV storage. A premier U-Haul dealership further enhances revenue streams. The asking price is $2,600,000 with owner financing options available (20% down, 4% interest for 3-4 years, balloon payment). A cash offer of $2,600,000 is also accepted. 1031 exchanges are welcomed. Detailed market studies and environmental reports are available upon request. The permitted zoning is for self-storage.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.2929
- Latitude
- 34.9955
- 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
$4,218
$0.00
$0.00
$188,520
-
$176,200
$295,100
$471,300
