306 Cherokee Blvd Chattanooga, TN 37405-3811
Property profile & analytics
306 Cherokee Blvd Chattanooga, TN 37405-3811
- Commercial land
- 4,410 SF
- 0.15 lot acres
Property ID
US80-0818292
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.
Location Intelligence
Current Use by Public Records
- Chattanooga Functional Fitness / Gym & Fitness Center
Property Details for 306 Cherokee Blvd
- Year built
- 1940
- Lot size
- 0.15 lot acres
- Property size
- 4,410 SF
- Zone code
- C2
- Property type
- Commercial land
- APN
- 135F F 005
- APU
- 135FF005
Description
This exceptional investment opportunity presents a fully-leased, 7,000 square foot, Class A retail building located in Chattanooga, Tennessee's bustling Northshore district, a prime retail hub. The property, situated on a 0.6-acre lot, boasts a highly visible location on Cherokee Boulevard, experiencing an average daily traffic count of 16,000 vehicles. The building, constructed in 2024, features two units currently 100% occupied by Chase Bank and AFC Urgent Care, under a Net Lease (NNN) agreement. Chase Bank, backed by a corporate guarantee, occupies one unit and is slated to open in Q4 2024, while AFC Urgent Care will open in Q1 2025, also under a corporate guarantee. Both tenants benefit from a 15-year (Chase) and 10-year (AFC) initial lease term, with 10% rent increases every five years. The property offers 24 parking spaces and is zoned E-CX-4. With a current Net Operating Income (NOI) of $273,000, this investment offers a compelling 5.25% cap rate at an asking price of $5,250,000 ($750 per square foot). This represents a strong, stable investment in a rapidly growing city. The property is for sale by owner.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.3124
- Latitude
- 35.0644
- 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
$10,693
$0.00
$0.00
$477,960
-
$1,194,900
$0.00
$1,194,900
