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    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
    2018
    2016
    $1.3M
    2009
    2008
    2005
    2004
    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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    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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