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    701 Cherokee Blvd Chattanooga, TN 37405-3303
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    701 Cherokee Blvd Chattanooga, TN 37405-3303

    View on Map
    • Office properties & Spaces
    • 12,923 SF
    • 1.30 lot acres
    Off-Market
    Property ID
    US80-0946167
    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
    $3,200,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • McMahan Law Firm / Law Firm
    • Rose David a PhD / Physician / Medical Clinic
    • Herbert Thornbury, Attorney at Law / Law Firm
    • Landes Dennis / Medical Clinic / Alternative Medicine Practice
    • RH Real Estate / Real Estate Agency

    Property Details for 701 Cherokee Blvd

    Year built
    1971
    Lot size
    1.30 lot acres
    Property size
    12,923 SF
    Zone code
    C2
    Property type
    Office properties & Spaces
    APN
    126N H 002.01
    APU
    126NH00201

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,199,000
      Market price range: $1.00M - $3.20M
      AI Estimate
      $3,199,000
      Market price range: $1.00M - $3.20M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,390,000
      Current use
      RESTAURANT
      $4,505,000
      Change: +88% Conversion: Difficult
      MEDICAL BUILDING
      $3,210,000
      Change: +34% Conversion: Easy
      AUTO REPAIR, GARAGE
      $2,745,000
      Change: +15% Conversion: Difficult
      RETAIL STORES
      $2,040,000
      Change: -15% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3181
    Latitude
    35.0702
    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
    $28,673
    $0.00
    $0.00
    $1,281,600
    -
    $1,472,300
    $1,731,700
    $3,204,000

    Comparable in this City

    • Value Estimation by Request
      3,081 SF

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      View Details
    • Value Estimation
      $1,355,000
      5,476 SF

      100 Tremont St

      OFFICE (GENERAL) • 5,476 SF
      100 Tremont St, Chattanooga, TN 37405-4145
      View Details
    • Value Estimation
      $4,970,000
      20,073 SF

      325 Cherokee Blvd

      OFFICE (GENERAL) • 20,073 SF
      325 Cherokee Blvd, Chattanooga, TN 37405-4475
      View Details
    • Value Estimation
      $1,985,000
      14,966 SF

      620 Cherokee Blvd

      OFFICE (GENERAL) • 14,966 SF
      620 Cherokee Blvd, Chattanooga, TN 37405-3323
      View Details
    • Value Estimation by Request
      936 SF

      240 Frst Ave

      OFFICE (GENERAL) • 936 SF
      240 Frst Ave, Chattanooga, TN 37405-3971
      View Details
    • Value Estimation
      $925,000
      5,000 SF

      509 Supply Ln

      OFFICE (GENERAL) • 5,000 SF
      509 Supply Ln, Chattanooga, TN 37405
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      20,000 SF

      North Chattanooga Development Opportunity

      1.2-acre parcel suitable for multifamily/retail mixed-use development.
      620 Cherokee Blvd, Chattanooga, TN 37405
      View Details
    • $13,490,000

      Premier Mixed-Use Asset in Chattanooga

      Newly built mixed-use property with office and multifamily spaces.
      110 Somerville Ave, Chattanooga, TN 37405
      View Details
    • $787,500

      Versatile Property on Cherokee Blvd

      2,788 SF property suitable for retail or office use.
      605 Cherokee Blvd, Chattanooga, TN 37405
      View Details
    • $599,000
      2.83 Acres

      Development Opportunity Near Signal Mountain

      2.83-acre vacant lot with development potential near downtown Chattanooga.
      1161 Mountain Creek Rd, Chattanooga, TN 37405
      View Details
    • Contact for pricing

      Signal Mountain Road Development Opportunity

      0.67-acre vacant land parcel at base of Signal Mountain.
      802 Signal Mountain Rd, Chattanooga, TN 37405
      View Details
    • Contact for pricing
      11,008 SF

      Waterfront Investment Opportunity

      Waterfront property zoned M-1 with development potential.
      210 Hamm Rd, Chattanooga, TN 37405
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space in NorthShore

      Prime location in Chattanooga's sought-after NorthShore community.
      419 N Market St, Chattanooga, TN 37405
      View Details
    • Contact for pricing

      Single-Story Office Complex For Rent

      Campus-style office complex with ample parking and convenient location.
      1200 Mountain Creek Rd, Chattanooga, TN 37405
      View Details
    • $28 SF/Yr

      Prime Northshore Retail/Office Space

      Sought-after location near dining, shopping, and downtown Chattanooga attractions.
      419 N Market St, Chattanooga, TN 37405
      View Details
    • $18 SF/Yr

      Signal Mill Office Space Available

      Prime Chattanooga Northshore office space for lease with high visibility.
      205 Manufacturers Rd, Chattanooga, TN 37405
      View Details
    • Contact for pricing

      Northshore Office Space Available

      2,800 SF office space in a desirable Northshore location.
      508 N Market St, Chattanooga, TN 37405
      View Details
    • Contact for pricing

      Cherokee Blvd Professional Office Space

      Four office spaces for lease in renovated mid-century building.
      525 Cherokee Blvd, Chattanooga, TN 37405
      View Details
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    Chattanooga, TN 37405-3303
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    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
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