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    2800 Riverport Rd Chattanooga, TN 37406-1702
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    Property profile & analytics

    2800 Riverport Rd, Chattanooga, TN 37406-1702

    View on Map
    • Office Spaces
    • 91,598 SF
    • 22.70 lot acres
    Off-Market
    Last Sale Feb 2, 2026
    $6,775,161
    Property ID
    US80-3035852
    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
    $7,160,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sofix LLC / Industrial Manufacturer / Production Facility

    Property Details for 2800 Riverport Rd

    Year built
    1992
    Lot size
    22.70 lot acres
    Zone code
    M1
    Property type
    Office Spaces
    APN
    127K A 001.14
    APU
    127KA00114

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 2, 2026 $6,775,161 2800 Riverport LLC Equity Resource Partners Riverport Special Warranty Deed —
    Sep 9, 2024 $3,700,000 Equity Resource Partners Riverport Sofix LLC Special Warranty Deed —
    Sep 9, 2024 — Equity Resource Partners Riverport Sofix LLC Quit Claim Deed · related —
    May 16, 2002 — Sofix Corp The Industrial D Grant Deed · related —

    Description

    This exceptional Chattanooga industrial property, located at 2800 Riverport Rd, offers 61,090 square feet of versatile space across multiple buildings situated on a substantial 22.7-acre lot. The property boasts a diverse range of uses, including flex, manufacturing, R&D, and warehouse space, making it ideal for a variety of businesses. The main warehouse building comprises approximately 19,600 square feet and includes three dock-high doors and one drive-in door, catering to efficient loading and unloading. A separate one-story office/lab building adds approximately 15,000 square feet of climate-controlled space. Additional structures totaling 29,450 square feet further enhance the property's functionality. Amenities include locker rooms with showers, large labs or classrooms, a sizable conference room, and a spacious employee break room. The property is zoned M-1 Industrial and benefits from its strategic location within the Hamilton County Centre Port South Industrial Park, offering convenient access to Amnicola Highway and the Barge Port. Built in 1992, this property presents a unique opportunity for businesses seeking a well-equipped and strategically located industrial facility in Chattanooga, Tennessee. The property's size and diverse space options provide ample room for expansion and customization. The ample land provides significant potential for future development. This is a rare opportunity to acquire a substantial industrial property in a thriving Chattanooga location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $8,095,000
      Current use
      RETAIL STORES
      $11,130,000
      Change: +37% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2686
    Latitude
    35.0799
    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
    $64,478
    $0.00
    $0.00
    $2,881,960
    -
    $1,402,900
    $5,802,000
    $7,204,900

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    Similar Nearby for Lease

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      Prime Location Flex Industrial Space

      Class A industrial development suitable for warehouse or light industrial use.
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      View Details
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      New Construction Industrial Flex Space

      New construction flex space with heavy industrial zoning.
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    Chattanooga, TN 37406-1702
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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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