6441 Bonny Oaks Dr Chattanooga, TN 37416-6002
- Office Properties & Spaces
- 4,840 SF
- 1.96 lot acres
Jan 09, 2023
Current Use by Public Records
- Farmers Insurance - Brian Gass / Motorcycle Insurance Agency / Renter'S Insurance Agency
- Farmers Insurance - Jonathan Hunter / Insurance Agency / Auto Insurance Agency
- SYNERGY HomeCare / Home Health Care Service / Child Health Care Centre
- Q2 Management Inc. / Corporate Office
- Adkore Staffing Group / Employment Agency
Property Details for 6441 Bonny Oaks Dr
- Year built
- 1997
- Lot size
- 1.96 lot acres
- Property size
- 4,840 SF
- Property type
- Office Properties & Spaces
- APN
- 129L D 024.01
- APU
- 129LD02401
Description
This 1500-square-foot traditional office space is ideally situated on Bonny Oaks, offering convenient access to major employers like Volkswagen and Enterprise South. Its strategic location provides easy commutes via I-75 and Highway 153. The single-tenant space boasts a flexible layout perfect for various business needs. A large open area is adaptable for cubicles or collaborative workspaces, complemented by five private offices—one spacious enough to serve as a conference room. A comfortable break area and a restroom add to the convenience. The property is ready for immediate occupancy, presenting a fantastic opportunity for businesses seeking a well-appointed and conveniently located office space. This is a single-tenant occupancy property, offering privacy and control over the entire space. The existing layout is versatile and can be easily adapted to suit a range of business configurations. The proximity to major transportation arteries and significant employers makes this an exceptional opportunity for businesses seeking a strategic location to enhance productivity and accessibility. This property offers a blend of open collaborative space and private offices, catering to diverse workplace needs. The inclusion of a dedicated break area and restroom further enhances the functionality and comfort of this attractive office space.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,540,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $890,000
- 6.5%
- $820,000
- 7%
- $765,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $942,000
- AI Estimate
- $942,000
Market price range: $439k - $975kMarket price range: $439k - $975k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $680,000 Current use
- MEDICAL BUILDING
- $1,200,000 Change: +76% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,030,000 Change: +51% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.1661
- Latitude
- 35.0748
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA