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Property profile & analytics

514 Tremont St Chattanooga, TN 37405-4188

  • Retail space
  • 6,956 SF
  • 0.23 lot acres
OFF-MARKET
Last Sale
Dec 27, 2024
$525,505
Value Estimations
$605,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US80-0786312
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.

Current Use by Public Records

  • Miller W Bryant / Physical Therapist
  • ChaVacays / Vacation Home Rental Agency
  • Kjos Functional Medicine / Holistic Medicine Practitioner
  • Amada Senior Care / Home Health Care Service / Home Help
  • Journey Midwifery Services / Midwife

Property Details for 514 Tremont St

Year built
1930
Lot size
0.23 lot acres
Property size
6,956 SF
Zone code
R3
Property type
Retail space
APN
135D Y 007
APU
135DY007

Description

This exceptional executive office space, located at 514 Tremont Street in Chattanooga, Tennessee, offers a unique blend of historic charm and modern functionality. The 850-square-foot suite is part of a larger, mixed-use building totaling 6,956 square feet, constructed in 1930 and extensively renovated in 2021. The building boasts a desirable C-1 zoning classification. The suite features a 14-foot ceiling height and one bathroom, providing ample space and a comfortable working environment. Situated on a 0.24-acre lot, the property benefits from excellent walkability and convenient access, with its entrance located at the front of the building. The location is highly desirable, close to Aretha Frankenstein's and just down from Frazier Avenue. This is a triple net lease opportunity at a monthly rate of $1800. The building is a two-story structure with a single building on the site. This property presents a fantastic opportunity for businesses seeking a prestigious and well-located office space in the heart of Chattanooga. The available space is part of a multi-tenant building, offering a vibrant and collaborative atmosphere. The 2021 renovation ensures modern amenities and a high-quality finish. Don't miss this chance to secure this exceptional office space in a thriving Chattanooga neighborhood.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $525,000
    ML approach
    $525,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $895,000
    6.5%
    $825,000
    7%
    $770,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $609,000
    Market price range: $600k - $1.79M
    AI Estimate
    $683,000
    Market price range: $684k - $1.79M

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


Location Insight

  • Map
  • Local Demand
City
Chattanooga
County
Hamilton
State
Tennessee
Longitude
-85.2988
Latitude
35.0668
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
$4,070
$0.00
$0.00
$181,920
-
$225,900
$228,900
$454,800
More about this property
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