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Financial
Distress signals
Property profile

5811 Lee Hwy Chattanooga, TN 37421

FOR SALE
Other office properties
Property ID
US80-0811049
19,000 SF 1.21 ac lot Built 1961
Last sale Aug 2026 · $2,900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property at 5805–5811 Lee Highway in Chattanooga, Tennessee consists of a multi-tenant office and retail building totaling approximately 19,360 square feet. It is located on a primary commercial corridor and provides direct access to nearby commercial areas, with commercial frontage on Lee Highway. The building includes an on-site billboard that has been leased on a long-term basis. The property has undergone recent capital improvements, including replacement of HVAC units and installation…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$684k
Effective rate2.24%

Value estimate

· Oct 2026
$655k
$590k – $721k
NOI build-up
Gross scheduled income$342k
Vacancy & credit loss−$51k
Operating expenses−$73k
NOI · 6.71% cap applied$218k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$191/SF
ZIP average, outlier-cleaned · 119 recorded sales of this use type
Observed band · Q1–Q3$123 – $278
Qualifying comparables4

Cap rate analysis

How does the asset earn?
6.71%
$218k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionHAMILTON

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility10.6
Dental Office10.3
Gym & Fitness9.6

Location

5811 Lee Hwy Chattanooga, TN 37421
County assessor Recorded deeds · 6 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2256 Encompass, Chattanooga, TN 37421-1186 $1,433,000 Jun 2025 17,766 SF
2226 Encompass, Chattanooga, TN 37421-1571 $10,400,000 May 2025 44,411 SF
3328 Jenkins, Chattanooga, TN 37421-1296 $750,000 Apr 2025 13,743 SF
6035 Shallowford, Chattanooga, TN 37421-1605 $1,480,000 Feb 2025 5,340 SF
7268 Jarnigan, Chattanooga, TN 37421-3096 $12,800,000 Dec 2024 50,186 SF
6399 Lee, Chattanooga, TN 37421 $5,550,000 Dec 2024 7,200 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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