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

    2000 29th St Chattanooga, TN 37407-1441

    • Office Properties & Spaces
    • 22,916 SF
    • 4.00 lot acres
    OFF-MARKET
    Last Sale
    Apr 28, 2022
    $665,000
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0026099
    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

    • Truck Service Company, Inc. / Auto Repair Shop
    • FleetPride Service Center / Auto Repair Shop

    Property Details for 2000 29th St

    Year built
    1969
    Lot size
    4.00 lot acres
    Property size
    22,916 SF
    Zone code
    M1
    Property type
    Office Properties & Spaces
    APN
    156P H 004
    APU
    156PH004

    Description

    This exceptional 3,000-square-foot office space presents a fantastic opportunity for businesses seeking a modern and conveniently located workspace in Chattanooga, Tennessee. Situated at 2000 E 29th St, zip code 37407, this single-tenant property boasts a newly remodeled interior, designed for optimal functionality and professional appeal. The layout includes a spacious reception area complete with a comfortable waiting room, seamlessly flowing into five well-appointed offices. Four standard offices provide ample space for individual work or team collaboration, while a dedicated executive office offers a private and prestigious workspace. A dedicated conference room facilitates meetings and presentations, ensuring efficient workflow. The property also features a large, fenced-in parking area accessible via two entrances, providing convenient and secure parking for employees and clients. Its central Chattanooga location offers easy access to I-24, ensuring effortless commutes and convenient access to the city's amenities. This traditional office space, also suitable for executive office needs, is ready for immediate occupancy. The property's modern design and practical layout make it an ideal choice for a variety of businesses seeking a professional and efficient workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $946,000
      Market price range: $774k - $2.26M
      AI Estimate
      $946,000
      Market price range: $774k - $2.26M

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2873
    Latitude
    35.0104
    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
    $6,457
    $0.00
    $0.00
    $288,600
    -
    $260,200
    $461,300
    $721,500

    Comparable in this City

    • Value Estimation by Request
      1,520 SF

      3217 Rossville Blvd

      OFFICE (GENERAL) • 1,520 SF
      3217 Rossville Blvd, Chattanooga, TN 37407-1923
      View Details
    • Value Estimation by Request
      576 SF

      2800 Rossville Blvd

      OFFICE (GENERAL) • 576 SF
      2800 Rossville Blvd, Chattanooga, TN 37407-1329
      View Details
    • Value Estimation by Request
      728 SF

      3904 Rossville Blvd

      OFFICE (GENERAL) • 728 SF
      3904 Rossville Blvd, Chattanooga, TN 37407-2543
      View Details
    • Value Estimation by Request
      880 SF

      2106 28th St

      OFFICE (GENERAL) • 880 SF
      2106 28th St, Chattanooga, TN 37407-1007
      View Details
    • Value Estimation
      $670,000
      19,880 SF

      2901 Orch Knob Ave

      OFFICE (GENERAL) • 19,880 SF
      2901 Orch Knob Ave, Chattanooga, TN 37407-1415
      View Details
    • Value Estimation by Request
      2,668 SF

      3007 Calhoun Ave

      OFFICE (GENERAL) • 2,668 SF
      3007 Calhoun Ave, Chattanooga, TN 37407-1313
      View Details

    Similar Nearby for Sale

    • $275,000
      1,488 SF

      Chattanooga Multifamily Investment Opportunity

      Tenant-occupied residential income property generating $2,400 monthly.
      2430 Dodds Ave, Chattanooga, TN 37407
      View Details
    • $399,000
      1.40 Acres

      Chattanooga Commercial Corner Lot

      Prime 1.4-Acre Commercial Land
      3903 39Th St, Chattanooga, TN 37407
      View Details
    • $950,000
      13,520 SF

      Calhoun Ave Industrial Flex Space

      13,520 SF Flex Space, Chattanooga, TN
      4010 Calhoun Ave, Chattanooga, TN 37407
      View Details
    • $399,000
      1.40 Acres

      Chattanooga Commercial Land Opportunity

      1.4 Acres, M-1 & R-2 Zoning
      3903 39Th St, Chattanooga, TN 37407
      View Details
    • $360,000
      31 SF

      6.5 Acres Commercial Land Available

      Commercial land with frontage on E 38th Street.
      E 38Th St, Chattanooga, TN 37407
      View Details
    • $449,500
      1.40 Acres

      Chattanooga Commercial Land - 1.4 Acres

      Prime Chattanooga location, 1.4 acres, dual zoning.
      3903 Calhoun Ave, Chattanooga, TN 37407
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      22,160 SF

      East Lake Industrial Warehouse

      22,160 SF Warehouse, Chattanooga, TN
      2308 28Th St, Chattanooga, TN 37407
      View Details
    • $7 SF/Yr
      11,219 SF

      Calhoun Ave Industrial Warehouse

      Chattanooga Manufacturing Space - 11,219 SF
      3715 Calhoun Ave, Chattanooga, TN 37407
      View Details
    • $6 SF/Yr
      9,423 SF

      Industrial Space with Drop Yard

      Industrial property featuring a drop yard and M1 zoning.
      3709-3715 Calhoun Ave, Chattanooga, TN 37407
      View Details
    • $4 SF/Yr
      125,000 SF

      Chattanooga Warehouse Space Available

      Large industrial warehouse, 75,000 SF available.
      1400 42Nd St, Chattanooga, TN 37407
      View Details
    • $6 SF/Yr
      11,219 SF

      Manufacturing Warehouse Near Highway 24

      11,219 SF M1-zoned manufacturing warehouse with convenient highway access.
      3715 Calhoun Ave, Chattanooga, TN 37407
      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.
    2000 29th St
    Chattanooga, TN 37407-1441
    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.