Technical
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Property profile

6229 Vance Rd Chattanooga, TN 37421

OFF-MARKET
Community centers
Property ID
US80-3507568
16,000 SF 1.38 ac lot Built 1981
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 15,514-square-foot industrial property at 6229 Vance Rd, Chattanooga, TN 37421, offers a unique blend of executive office, flex, and warehouse space. Situated on a 1.251-acre lot, this single-story Class C building presents a significant opportunity for a variety of businesses. Currently, 4,792 square feet are available for lease, ideal for a company seeking immediate occupancy. The building's previous use as a medical office provides a ready-made infrastructure, including numerous exam rooms, break rooms, and a classroom. The space is easily adaptable and can be wired for medical equipment, making it suitable for a range of healthcare or office-related businesses. The property's multi-tenant configuration allows for flexibility in lease terms and space allocation. Its convenient Chattanooga location offers easy access to major transportation routes and amenities. The building's total square footage is 15,514 square feet, with one available space measuring 6,575 square feet. This versatile property is perfect for businesses seeking a combination of office, flex, and warehouse space in a prime Chattanooga location. The property's existing infrastructure and adaptable layout offer significant advantages for a variety of potential tenants. Don't miss this opportunity to secure a well-located and functional industrial space in a thriving market.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1981
Total area 16,000 SF
Lot 1.38 ac (60,113 SF)
Zoning code C2
APN 148O B 001.04
UPID US80-3507568

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Medical Clinic
  • Insurance Agency
  • Media Distribution
  • Physician Medical Clinic

Location

6229 Vance Rd Chattanooga, TN 37421-0310
Chattanooga metro Census 11445 CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$850k

Owner & transaction history

since 2021
Last sale
$875,000
3 recorded transactions
2021
$875,000
2006
$545,400
1969
Price N/A

Zoning & alternative use

C2 · Chattanooga, TN

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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