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

    201 Cherokee Blvd Chattanooga, TN 37405

    • Office Properties & Spaces
    • 34,186 SF
    • 0.30 lot acres
    For Lease
    View listing
    $22 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3370330
    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

    • Trident Builders Inc / General Contractor
    • Asa Engineering & Consulting, Inc. / Engineering Consultant
    • Maria Chavez Real Estate Professional - RE/MAX Renaissance / Real Estate Agency
    • Rod Walker & Associates Consultancy, Inc. / Consultant
    • Smelly Cat Lounge & Rescue / Pet Adoption Service / Animal Shelter

    Property Details for 201 Cherokee Blvd

    Year built
    2012
    Lot size
    0.30 lot acres
    Property size
    34,186 SF
    Zone code
    C2
    Property type
    Office Properties & Spaces
    APN
    135F E 003
    APU
    135FE003

    Description

    This exceptional 1,057 square foot commercial space, located at 201 Cherokee Boulevard, presents a unique opportunity for a single tenant seeking a prominent Northshore presence. Classified as Class A, this property offers a blend of traditional and creative office space flexibility, making it ideal for a variety of businesses. The building's location on Cherokee Boulevard ensures high visibility and foot traffic, placing it within easy walking distance of numerous amenities. These include River Parks, a variety of restaurants, Whole Foods, Publix, and Walgreens, enhancing the convenience and appeal for both employees and clients. Convenient parking is readily available in a nearby parking deck, eliminating parking hassles. The property is situated in Hamilton County and is categorized as both retail and office space, offering versatility in its potential uses. The single-tenant occupancy ensures exclusive use of the space, providing a private and controlled environment. This property is perfect for businesses seeking a high-profile location with excellent accessibility and a vibrant surrounding community. The space is ready for immediate occupancy and offers a chance to establish a thriving business in a desirable area. Inquire today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,033,000
      Market price range: $2.65M - $8.46M
      AI Estimate
      $5,033,000
      Market price range: $2.65M - $8.46M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,325,000
      Current use
      AUTO REPAIR, GARAGE
      $7,260,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $5,400,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.311
    Latitude
    35.0643
    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
    $32,814
    $0.00
    $0.00
    $1,466,680
    -
    $662,500
    $3,004,200
    $3,666,700

    Comparable in this City

    • Value Estimation by Request
      3,081 SF

      113 Stringer St

      OFFICE (GENERAL) • 3,081 SF
      113 Stringer St, Chattanooga, TN 37405-3254
      View Details
    • Value Estimation
      $1,355,000
      5,476 SF

      100 Tremont St

      OFFICE (GENERAL) • 5,476 SF
      100 Tremont St, Chattanooga, TN 37405-4145
      View Details
    • Value Estimation
      $4,970,000
      20,073 SF

      325 Cherokee Blvd

      OFFICE (GENERAL) • 20,073 SF
      325 Cherokee Blvd, Chattanooga, TN 37405-4475
      View Details
    • Value Estimation
      $1,985,000
      14,966 SF

      620 Cherokee Blvd

      OFFICE (GENERAL) • 14,966 SF
      620 Cherokee Blvd, Chattanooga, TN 37405-3323
      View Details
    • Value Estimation by Request
      936 SF

      240 Frst Ave

      OFFICE (GENERAL) • 936 SF
      240 Frst Ave, Chattanooga, TN 37405-3971
      View Details
    • Value Estimation by Request
      842 SF

      345 Frazier Ave

      OFFICE (GENERAL) • 842 SF
      345 Frazier Ave, Chattanooga, TN 37405-4095
      View Details

    Similar Nearby for Sale

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      View Details
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      5.1 Acres, R-1 Zoning, Chattanooga
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    Similar Nearby for Lease

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      63,635 SF

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    • $20 SF/Yr
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      Downtown Chattanooga Retail/Office Space

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      Northshore Office Space: Society of Work

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      Prime Northshore location, 1520 sq ft, single tenant.
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      View Details
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    201 Cherokee Blvd
    Chattanooga, TN 37405
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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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