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    321 Browns Ferry Rd Chattanooga, TN 37419
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    Property profile & analytics

    321 Browns Ferry Rd, Chattanooga, TN 37419

    View on Map
    • Grocery and convenience stores
    • 49,785 SF
    • 7.40 lot acres
    For Lease
    $8 SF/Yr
    View Listing →
    High-Traffic Retail Strip Center For Lease
    $8 SF/Yr

    High-Traffic Retail Strip Center

    Highly visible retail space with easy access and ample parking.

    321 Browns Ferry Rd, Chattanooga, TN 37419
    View Listing
    Property ID
    US80-0904556
    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

    • Dread Hollow / Escape Room Center / Haunted House
    • CVS Photo / (Bike/Boat/Book/etc) Store
    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • LibertyX Bitcoin ATM / Atm
    • MoneyGram / Bank / Credit Union

    Property Details for 321 Browns Ferry Rd

    Year built
    1988
    Lot size
    7.40 lot acres
    Zone code
    C2
    Property type
    Grocery and convenience stores
    APN
    144N A 009
    APU
    144NA009

    Description

    This Class A, 55,000 square foot retail center, located at 321 Browns Ferry Rd, Chattanooga, TN 37419, offers multiple suites for lease. The property boasts a prime location off Highway 24, providing high visibility and accessibility. With 10,000 square feet currently vacant, spaces range from a minimum of 1,000 square feet to a maximum contiguous space of 35,000 square feet. The single-story building features 15-foot ceilings and ample parking. The seven-acre lot is zoned commercial and situated in the Lookout Valley submarket, benefiting from a strong customer base and proximity to residential areas and other amenities. Renovated in 2022, this property is ideal for retail, restaurant, or office use. The property taxes are $2.40 per square foot. Its convenient location near I-75 ensures high traffic volume. This is an exceptional opportunity for businesses seeking a high-traffic, easily accessible location in a thriving Chattanooga neighborhood. Contact us to learn more about leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,881,000
      Market price range: $2.88M - $9.96M
      AI Estimate
      $2,881,000
      Market price range: $2.88M - $9.96M

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3635
    Latitude
    35.0311
    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
    $19,268
    $0.00
    $0.00
    $861,200
    -
    $495,400
    $1,657,600
    $2,153,000

    Comparable in this City

    • Value Estimation by Request
      8,262 SF

      312 Browns Fry Rd

      CONVENIENCE STORE
      312 Browns Fry Rd, Chattanooga, TN 37419-1504
      View Details
    • Value Estimation by Request
      1,721 SF

      303 Browns Fry Rd

      CONVENIENCE STORE
      303 Browns Fry Rd, Chattanooga, TN 37419-1545
      View Details
    • Value Estimation by Request
      2,806 SF

      4113 Cummings Hwy

      CONVENIENCE STORE
      4113 Cummings Hwy, Chattanooga, TN 37419
      View Details
    • Value Estimation
      $685,000
      2,072 SF

      234 Browns Fry Rd

      CONVENIENCE STORE
      234 Browns Fry Rd, Chattanooga, TN 37419-1702
      View Details
    • Value Estimation
      $995,000
      2,591 SF

      3743 Cummings Hwy

      CONVENIENCE STORE
      3743 Cummings Hwy, Chattanooga, TN 37419-2314
      View Details
    • Value Estimation
      $3,875,000
      1,568 SF

      201 Browns Fry Rd

      CONVENIENCE STORE
      201 Browns Fry Rd, Chattanooga, TN 37419-1701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      53,723 SF

      Prime Retail Location in Chattanooga

      High-visibility retail space near Hwy 24, ideal for diverse businesses.
      321 Browns Ferry Rd, Chattanooga, TN 37419
      View Details
    • $565,000
      1.50 Acres

      Residential Land in Black Creek

      1.5 acre lot in desirable golf community with mountain views.
      3271 River Gorge Dr, Chattanooga, TN 37419
      View Details
    • $479,900
      0.76 Acres

      Renovated Duplex with Development Potential

      Renovated duplex on 0.75 acres with development potential.
      356 Browns Ferry Rd, Chattanooga, TN 37419
      View Details
    • $330,000
      0.57 Acres

      Wooded Lot in Black Creek

      0.57-acre wooded lot for custom home in Chattanooga.
      4853 Ravinia Ln, Chattanooga, TN 37419
      View Details
    • Contact for pricing
      Pending

      7 Acres Prime Industrial Land

      7 acres of M-1 zoned industrial land ready for development.
      3422 Cummings Rd, Chattanooga, TN 37419
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Traffic Retail Strip Center

      Highly visible retail space with easy access and ample parking.
      321 Browns Ferry Rd, Chattanooga, TN 37419
      View Details
    • Contact for pricing

      Restaurant Space Near Interstate I-24

      Restaurant space available near I-24 and downtown.
      3805 Cummings Hwy, Chattanooga, TN 37419
      View Details
    • Contact for pricing

      Expandable Storage Lot For Rent

      Empty storage lot for rent, expandable up to 15 acres.
      3818 Cummings Hwy, Chattanooga, TN 37419
      View Details
    View Listing
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    Chattanooga, TN 37419
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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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