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    Property profile & analytics
    FOR SALE
    Office Spaces

    5811 Lee Hwy, Chattanooga, TN 37421

    19,000 SF 1.21 ac lot Built 1961
    Individually Owned 4-yr Hold Free & Clear
    Property ID
    US80-0811049
    Property summary
    AI-generated overview

    This exceptional 1,250-square-foot office space is situated at 5811 Lee Highway in Chattanooga, Tennessee, zip code 37421. The property, built in 1961, is a single-story building on a 1.21-acre lot (APN: 158A C 019). Currently configured as a traditional office space with coworking potential, this property offers a single tenant the opportunity to establish a significant presence in a thriving commercial area. The building does not include elevators. Its location along Lee Highway, a major Chattanooga commercial corridor, provides excellent visibility and accessibility. The property's strategic position near Interstates 75 and 24 ensures convenient access for employees and clients alike. The surrounding neighborhood is well-established, characterized by robust commercial activity and ample parking, creating a desirable environment for businesses. This presents a unique opportunity to secure a well-located office space in a growing business hub. One space is currently available for lease. The property type is classified as an office building with multiple tenancy options.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1961
    Total area 19,000 SF
    Lot 1.21 ac (52,708 SF)
    Zoning code C2
    APN 158A C 019
    UPID US80-0811049
    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
    • Vision Coordination Services Inc Social Service Agency Charitable Organization
    • Inspire Hair and Beauty Hair Salon Nail Salon
    • Shelter Insurance - Bobby Bennett Insurance Agency
    • Reign Studio Hair Salon
    • The Hendrickson Agency - Farmers Insurance Insurance Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    J Matthew Mcgauley · 4 yrs held
    J Matthew Mcgauley
    since 2022
    Last sale
    $825,000
    4 recorded transactions
    2022
    2021
    $825,000
    2021
    2020
    $2.7M
    Zoning & alternative use
    C2 · Chattanooga, TN
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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