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Property profile & analytics
FOR LEASE
Warehouses

4707 Dayton Blvd Red Bank, TN 37415

44,404 SF 8.63 ac lot Built 1993
Individually Owned 20-yr Hold Free & Clear
Property ID
US80-1388231
Property summary
AI-generated overview

Red Bank Commons, a Class B shopping center in Hamilton County, offers exceptional retail space totaling 41,370 square feet. This single-story, 1992-built property underwent a complete renovation in 2020, boasting modern amenities and excellent visibility on Dayton Boulevard. Currently, two contiguous spaces are available, measuring 1,200 and 1,500 square feet respectively, offering flexibility for businesses seeking 1,200 to 1,500 square feet or the potential to combine for a larger footprint. The center features a total of five suites. Long-term tenant Dollar General anchors the property, demonstrating strong market demand and stability. Red Bank Climate Controlled Storage, added in 2020, further enhances the center's appeal and provides complementary services. The property benefits from easy access and high visibility, making it an ideal location for a variety of retail businesses. The minimum divisible space is 1,200 square feet, with a maximum contiguous space of 1,500 square feet. A total of 2,700 square feet is currently vacant. This prime retail opportunity presents a chance to establish a presence in a thriving commercial area.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1993
Total area 44,404 SF
Lot 8.63 ac (375,923 SF)
Zoning code C2
APN 109B E 005
UPID US80-1388231
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
  • Penske Truck Rental Car Rental Facility
  • Red Bank Climate Storage Storage Facility
  • Dollar General Discount Store
  • Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.56M
Blend (final) Blend
$4.57M
Owner & transaction history
Protective Life · 20 yrs held
Protective Life
since 2006
4 recorded transactions
2020
Price N/A
2006
$900,000
1992
$50,000
1969
Price N/A
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Commercial (general) $6.5M +121.6%
Retail stores $5.4M +83.2%
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