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Property profile & analytics
FOR SALE
Office Spaces

620 Cherokee Blvd Chattanooga, TN 37405

14,966 SF 1.2 ac lot Built 1960
Entity Owned 7-yr Hold Free & Clear
Property ID
US80-0692251
Property summary
AI-generated overview

This exceptional North Shore Chattanooga property at 620 Cherokee Blvd, 37405 offers a diverse range of office and retail spaces within a 20,000 square foot Class B building. The property is ideally suited for businesses seeking a blend of convenience and affordability. Multiple tenancies are available, with a minimum divisible space of 250 square feet and a maximum contiguous space of 1,000 square feet. Currently, 500 square feet of space is vacant and ready for immediate occupancy. The building features ample free surface parking for tenants and employees. Individual office suites are complemented by shared common area restrooms and a convenient breakroom. This location provides easy access to downtown Chattanooga, yet offers significantly lower rental rates than comparable downtown properties. The property's APN is 033135C B 00300P000. This is an excellent opportunity for businesses seeking a well-maintained, functional, and cost-effective office space in a desirable Chattanooga neighborhood. The property is categorized as mixed-use, encompassing both office and retail space, and is further classified as an office building.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1960
Total area 14,966 SF
Lot 1.2 ac (52,272 SF)
Zoning code C2
APN 135C B 003
UPID US80-0692251
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
  • Valor Insurance Brokers Insurance Agency
  • Sents Law Firm, PLLC Law Firm
  • George Miyake L.M.T. Alternative Medicine Practice Spa & Massage Center
  • Common Ground Massage Spa & Massage Center
  • A 1 Tax & Bookkeeping Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.99M
Blend (final) Blend
$1.99M
Owner & transaction history
Hall Partners Gp · 7 yrs held
Hall Partners Gp
since 2019
7 recorded transactions
2019
Price N/A
2018
Price N/A
2016
$1.3M
2009
Price N/A
2008
Price N/A
2005
Price N/A
2004
Price N/A
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $3.2M +14.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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