Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    620 Lindsay St Chattanooga, TN 37403-3461
    Back to Search
    Property profile & analytics

    620 Lindsay St, Chattanooga, TN 37403-3461

    View on Map
    • Office Spaces
    • 19,824 SF
    • 0.44 lot acres
    Off-Market
    Last Sale Jan 2, 2026
    $4,312,500
    Property ID
    US80-3483030
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,715,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Project Return / Charitable Organization / Social Service Agency
    • 4Sight Legal Services / Law Firm
    • TAYLOR BOWMAN COUNSELING SERVICES / Crisis Center / Medical Clinic
    • FedEx Drop Box / Postal Service / Courier Service
    • Wise Mind Collective / Crisis Center / Medical Clinic

    Property Details for 620 Lindsay St

    Year built
    1973
    Lot size
    0.44 lot acres
    Zone code
    C3
    Property type
    Office Spaces
    APN
    145D C 015
    APU
    145DC015

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 2, 2026 $4,312,500 Campus Development Foundation INC First Centenary Real Estate LLC Deed —
    Mar 24, 2017 — First Centenary R & E LLC — Deed · related —
    Feb 16, 2005 $1,750,000 First Centenary Real Estate LLC Baga LLC Special Warranty Deed $1.4M · First Tennessee Bank NA
    Feb 21, 2001 — Baga LLC Baga Co Quit Claim Deed · related —
    — — First Centenary R/e LLC — Deed Of Trust · related $1.4M · First Tennessee Bank National
    — — First Centenary R & E LLC — Loan Modification · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,118,000
      Market price range: $1.43M - $4.82M
      AI Estimate
      $3,121,000
      Market price range: $1.43M - $4.79M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,970,000
      Current use
      MEDICAL BUILDING
      $4,925,000
      Change: +66% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,210,000
      Change: +42% Conversion: Difficult
      RETAIL STORES
      $2,410,000
      Change: -19% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3046
    Latitude
    35.0486
    CBSA code
    16860
    CBSA name
    CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $18,758
    $0.00
    $0.00
    $838,440
    -
    $760,000
    $1,336,100
    $2,096,100

    Comparable in this City

    • Value Estimation by Request
      12,989 SF

      307 Walnut St

      Office Spaces
      307 Walnut St, Chattanooga, TN 37403
      View Details
    • Value Estimation by Request
      2,072 SF

      946 3rd St

      OFFICE (GENERAL)
      946 3rd St, Chattanooga, TN 37403-2101
      View Details
    • Value Estimation
      $995,000
      7,034 SF

      829 Mccallie Ave

      OFFICE (GENERAL)
      829 Mccallie Ave, Chattanooga, TN 37403-2613
      View Details
    • Value Estimation by Request
      1,847 SF

      413 Georgia Ave

      OFFICE (GENERAL)
      413 Georgia Ave, Chattanooga, TN 37403-1814
      View Details
    • Value Estimation by Request
      1,978 SF

      830 Mccallie Ave

      OFFICE (GENERAL)
      830 Mccallie Ave, Chattanooga, TN 37403-2600
      View Details
    • Value Estimation
      $1,145,000
      15,934 SF

      821 11th St

      OFFICE (GENERAL)
      821 11th St, Chattanooga, TN 37403-3202
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Chattanooga Office Retail Space

      Ground floor office and retail space in Chattanooga's Central Business District.
      307 Cherry St, Chattanooga, TN 37403
      View Details
    • Contact for pricing

      Vacant Land in Chattanooga

      Prime commercial land for retail investment in a vibrant neighborhood.
      1025 E 11Th St, Chattanooga, TN 37403
      View Details
    • Contact for pricing
      1,080 SF

      Downtown Chattanooga Commercial Space Opportunity

      Prime commercial space in downtown Chattanooga with high foot traffic.
      191 Walnut St, Chattanooga, TN 37403
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space with Multiple Offices

      Office space featuring multiple offices, restrooms, kitchen, and foyer.
      1022 E M L King Blvd, Chattanooga, TN 37403
      View Details
    • Contact for pricing

      King Street Station Mixed-Use Development

      Vibrant mixed-use development with office, hotel, and dining options.
      1208 King St, Chattanooga, TN 37403
      View Details
    • Contact for pricing

      Downtown Chattanooga Retail/Office Space

      Prime location for office, retail, and service businesses.
      307 Walnut St, Chattanooga, TN 37403
      View Details
    • $17 SF/Yr
      4,818 SF

      Medical Office Space Available

      4,818 SF medical office space for lease.
      1032 Mccallie Ave, Chattanooga, TN 37403
      View Details
    • $14 SF/Yr

      Fort Wood Retail Space

      1,300 SF retail suite near UTC and Erlanger.
      870 Vine St, Chattanooga, TN 37403
      View Details
    • Contact for pricing

      Industrial Building with Secure Yard

      Concrete building with loading docks and fenced yard for lease.
      1278 Peeples St, Chattanooga, TN 37403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    620 Lindsay St
    Chattanooga, TN 37403-3461
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    620 Lindsay St, Chattanooga, TN, 37403
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!