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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1515 Gunbarrel Rd Chattanooga, TN 37421

    • Individual retail properties
    • 1,260 SF
    • 1.00 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2737243
    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

    • Emerald Dental: Paul R. Gardner, DDS / Dentist
    • ATI Physical Therapy / Physical Therapy Clinic / Rehabilitation Center
    • Liberty Mutual Home Insurance / Home Insurance Agency
    • Paul Richards Gardner / Dentist
    • Judy's Nails & Skin Care / Hair Salon / Skin Care Clinic

    Property Details for 1515 Gunbarrel Rd

    Year built
    2008
    Lot size
    1.00 lot acres
    Property size
    1,260 SF
    Zone code
    R4
    Property type
    Individual retail properties
    APN
    158E C 004 C203
    APU
    158EC004C203

    Description

    This exceptional Class A office condo, built in 2008, offers 2,209 square feet of immediately available space within a larger 9,148 square foot building. Located at the highly visible intersection of East Brainerd Road and Gunbarrel Road, this single-story property boasts excellent accessibility and visibility. The building features a traditional office layout, perfect for a variety of businesses. Surrounded by established national office, restaurant, and retail tenants, this location ensures high traffic and strong brand recognition. The property is comprised of one building with multiple tenants, offering a vibrant and collaborative environment. The maximum contiguous space available is 2,209 square feet, ideal for a growing company seeking a prominent presence in a thriving commercial area. The property's address is easily accessible via Gunbarrel Rd. and benefits from its strategic location within a well-established commercial district. The APN is 158E C 004 C208. This is a rare opportunity to secure high-quality office space in a prime location. The property's single-story design offers convenient access and functionality. Don't miss this chance to establish your business in this desirable area.

    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
    -85.1634
    Latitude
    35.0178
    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
    $1,810
    $0.00
    $0.00
    $80,880
    -
    $110,400
    $91,800
    $202,200

    Comparable in this City

    • Value Estimation by Request
      1,558 SF

      8402 Brainerd Rd

      BARBER, HAIR SALON • 1,558 SF
      8402 Brainerd Rd, Chattanooga, TN 37421-4307
      View Details
    • Value Estimation
      $1,380,000
      6,720 SF

      2309 Hickory Vly Rd

      BARBER, HAIR SALON • 6,720 SF
      2309 Hickory Vly Rd, Chattanooga, TN 37421-1723
      View Details
    • Value Estimation by Request
      1,689 SF

      6838 Mccutcheon Rd

      BARBER, HAIR SALON • 1,689 SF
      6838 Mccutcheon Rd, Chattanooga, TN 37421-1744
      View Details
    • Value Estimation by Request
      3,642 SF

      5900 Lee Hwy

      DRY CLEANER • 3,642 SF
      5900 Lee Hwy, Chattanooga, TN 37421-3509
      View Details
    • Value Estimation
      $725,000
      3,178 SF

      2301 Hickory Vly Rd

      DRY CLEANER • 3,178 SF
      2301 Hickory Vly Rd, Chattanooga, TN 37421-1723
      View Details
    • Value Estimation by Request
      960 SF

      1515 Gunbarrel Rd

      BARBER, HAIR SALON • 960 SF
      1515 Gunbarrel Rd, Chattanooga, TN 37421-4091
      View Details

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    Similar Nearby for Lease

    • $27 SF/Yr
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      Retail Space Near I-75

      Multi-use retail space in new shopping center off I-75.
      2565 Lifestyle Way, Chattanooga, TN 37421
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    • Contact for pricing
      5,811 SF

      Retail Space on Gunbarrel Road

      5,811 SF retail building with high visibility.
      2120 Gunbarrel Rd, Chattanooga, TN 37421
      View Details
    • $25 SF/Yr
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      Prime Chattanooga Outparcel

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    • Contact for pricing
      2,096 SF

      Retail Space For Lease

      Highly visible retail space with modern amenities and ample parking.
      8007 E Brainerd Rd, Chattanooga, TN 37421
      View Details
    • $27 SF/Yr
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      Retail Space in New Center

      Multi-use retail space in a new shopping center.
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      Prime Chattanooga retail space, 2,500 sq ft.
      7425 Commons Blvd, Chattanooga, TN 37421
      View Details
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    Chattanooga, TN 37421
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    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
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