Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2255 Ctr St Chattanooga, TN 37421-1599
    Back to Search
    Property profile & analytics

    2255 Ctr St, Chattanooga, TN 37421-1599

    View on Map
    • Community centers
    • 19,672 SF
    • 1.01 lot acres
    Off-Market
    Property ID
    US80-3546153
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nancy Humberger / Physician
    • A Better You Day Spa / Alternative Medicine Practice / Spa & Massage Center
    • The 107 Venue / Hotel & Motel / Resort
    • Hans Calvin Humberger / Physician
    • Raven Physical Therapy / Physician

    Property Details for 2255 Ctr St

    Year built
    1987
    Lot size
    1.01 lot acres
    Zone code
    C2
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    148E A 041.01
    APU
    148EA04101

    Description

    This exceptional 2,000 square foot retail space, located at 2255 Center Street in Hamilton County, presents a unique investment opportunity. Situated on a 1.03-acre lot, this single-tenant property, built in 1987 and renovated in 2014, offers a versatile layout ideal for a variety of businesses. The space, previously utilized as a spa, features three private studio rooms, each equipped with sinks, providing ample privacy for clients. Two restrooms add convenience, while polished concrete floors and 12-foot ceilings in the main area create a modern and spacious atmosphere. The open floor plan allows for flexible configuration to suit diverse business needs. Access to two shared courtyard patio areas provides additional outdoor space for clients or staff. The property's APN is 148e A 041.01. Its single-story design and ample square footage make it an attractive option for a variety of uses, including photography studios, office spaces, yoga studios, or massage schools. The property is currently fully vacant, offering immediate occupancy for the new owner. This location presents a rare opportunity to acquire a well-maintained, versatile property in a desirable Hamilton County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1613
    Latitude
    35.0426
    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
    $10,873
    $0.00
    $0.00
    $486,000
    -
    $579,200
    $635,800
    $1,215,000

    Comparable in this City

    • Value Estimation by Request
      70,582 SF

      2115 Chapman Rd

      MINI-MALL
      2115 Chapman Rd, Chattanooga, TN 37421-1618
      View Details
    • Value Estimation by Request
      22,000 SF

      13 Pryor Dr

      MINI-MALL
      13 Pryor Dr, Chattanooga, TN 37421
      View Details
    • Value Estimation
      $7,700,000
      53,800 SF

      12 Pryor Dr

      MINI-MALL
      12 Pryor Dr, Chattanooga, TN 37421
      View Details
    • Value Estimation by Request
      10,984 SF

      2114 Chapman Rd

      MINI-MALL
      2114 Chapman Rd, Chattanooga, TN 37421-1619
      View Details
    • Value Estimation by Request
      12,000 SF

      7610 Hamilton Park Dr

      Lifestyle centers
      7610 Hamilton Park Dr, Chattanooga, TN 37421
      View Details
    • Value Estimation by Request
      3,200 SF

      1044 Graysville Rd

      MINI-MALL
      1044 Graysville Rd, Chattanooga, TN 37421
      View Details

    Similar Nearby for Sale

    • New
      $1,350,000
      9,800 SF

      Fully Leased Retail Investment Plaza

      High-visibility location with strong cash flow in Chattanooga, TN.
      5805 Lee Hwy, Chattanooga, TN 37421
      View Details
    • Contact for pricing

      Retail Center in East Chattanooga

      Proposed retail center in East Chattanooga's primary employment corridor.
      7295 Bonny Oaks Dr, Chattanooga, TN 37421
      View Details
    • Contact for pricing
      19,360 SF

      Multi-Tenant Office and Retail Investment

      19,360 SF multi-tenant office and retail investment property.
      5811 Lee Hwy, Chattanooga, TN 37421
      View Details
    • $3,876,000

      Lee Hwy Investment Opportunity

      NNN investment property in a rapidly evolving commercial corridor.
      6680 Lee Hwy, Chattanooga, TN 37421
      View Details
    • Contact for pricing
      5,392 SF

      High-Visibility Retail Space Available

      Retail space with high traffic in Chattanooga's commercial corridor.
      5969 Brainerd Rd, Chattanooga, TN 37421
      View Details
    • Contact for pricing
      5,155 SF

      Mixed-Use Property on East Brainerd

      Two buildings on 1.05 acres with high traffic visibility.
      7235 E Brainerd Rd, Chattanooga, TN 37421
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in New Center

      Multi-use retail space in a new shopping center.
      2545 Lifestyle Way, Chattanooga, TN 37421
      View Details
    • $25 SF/Yr
      1,900 SF

      Retail Space in Hamilton Town

      Retail space available in vibrant Hamilton Town Center complex.
      1919 Gunbarrel Rd, Chattanooga, TN 37421
      View Details
    • Contact for pricing
      3,219 SF

      Retail Space Anchored by Walmart

      Retail space available in Chattanooga, anchored by Walmart Supercenter.
      2018 Gunbarrel Rd, Chattanooga, TN 37421
      View Details
    • Contact for pricing
      1,380 SF

      Retail Space Near Hamilton Place

      Retail space with ample parking near Hamilton Place Mall.
      1414 Jenkins Rd, Chattanooga, TN 37421
      View Details
    • Contact for pricing

      East Brainerd Road Corner Unit

      Office/retail space with reception, offices, and creative workspace.
      7401 E Brainerd Rd, Chattanooga, TN 37421
      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.
    2255 Ctr St
    Chattanooga, TN 37421-1599
    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

    Thank You for Inquiry
    2255 Ctr St, Chattanooga, TN, 37421
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!