Technical
Financial
Distress signals
Property profile

515 Airport Rd Chattanooga, TN 37421

OFF-MARKET
Community centers
Property ID
US80-1872929
20,281 SF 1.55 ac lot Built 1989
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a furnished office suite of approximately 1,000 square feet, configured with three private offices, an open work area, a lobby, storage space, and a bathroom that includes a shower. The interior features a layout intended to combine enclosed workspace with shared collaboration within a single tenant space, and the suite has been freshly painted and prepared for day-to-day professional use. The suite is located near the East Brainard corridor, less than one mile from the airport and within about three miles of Hwy 153, and it includes on-site parking with access for clients and staff.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1989
Total area 20,281 SF
Lot 1.55 ac (67,518 SF)
APN 158A A 002
UPID US80-1872929

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Hair Salon
  • Barber Shop
  • Spa & Massage Center
  • Tech Support Center IT Consulting Firm

Location

515 Airport Rd Chattanooga, TN 37421-3583
Chattanooga metro Census 3400 CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$590k

Owner & transaction history

since 2018
7 recorded transactions
2020
Price N/A
2018
Price N/A
2017
Price N/A
2014
$475,000
2013
Price N/A
2002
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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