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Property profile & analytics
FOR LEASE
Office Spaces

3903 Volunteer Dr Chattanooga, TN 37416

57,723 SF 3.72 ac lot Built 1988
Individually Owned 26-yr Hold ~ Est. High Equity
Property ID
US80-1900496
Property summary
AI-generated overview

Volunteer Business Park offers exceptional warehouse and flex space opportunities in Chattanooga, Tennessee. This prime industrial property boasts 58,195 total square feet across two single-story buildings situated on 3.72 paved acres. Building 1 provides flexible lease options in various sizes, while Building 2 features a 1,500 square foot office suite and a larger 3,400 square foot flex space, both available for lease. A significant 10,000 square foot flex space in Building 2 is also available for lease or sale at $3,000,000. This space includes ample rear parking and a fenced one-acre lot with expansion potential for an additional 5,000 square feet and two 48-inch dock doors. The property benefits from high visibility on Highway 153 (over 62,000 cars daily), an on-site billboard, three-phase power, and convenient interstate access. The 1,500 square foot office suite in Building 2 offers a large open rear room and prominent Volunteer Drive frontage. The property is zoned M-1 and features the APN 033129P A 00500P000. Lease rates are $8.72 per square foot per year, NNN, with operating expenses (CAM, taxes, and insurance) at $1.68 per square foot per year. This is an excellent opportunity for businesses seeking versatile and strategically located industrial space in the thriving Chattanooga market.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1988
Total area 57,723 SF
Lot 3.72 ac (162,043 SF)
APN 129P A 005
UPID US80-1900496
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Contrologic Corporation (Bike/Boat/Book/etc) Store Corporate Office
  • Wind Energy Zones Information Services Land Surveyor
  • Victory Church Church
  • Advanced Geotechnical Testing Laboratory
  • Masson Self Storage Facility Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.23M
Blend (final) Blend
$5.23M
Owner & transaction history
State Of Tennessee · 26 yrs held
State Of Tennessee
since 2000
7 recorded transactions
2019
Price N/A
2018
Price N/A
2000
$50,000
1994
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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