Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    728 Market St Chattanooga, TN 37402

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    728 Market St Chattanooga, TN 37402

    View on Map
    • Parking lots & garages
    • 96,222 SF
    • 0.62 lot acres
    For Lease
    $18,355,000
    View Listing →
    Modern Office and Retail Space For Lease
    $18,355,000
    22,000 SF

    Modern Office and Retail Space

    Class A building in Chattanooga's vibrant CBD for lease.

    728 Market St, Chattanooga, TN 37402
    View Listing
    Property ID
    US80-0041223
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Market City Center / Apartment Building / Office Space Rental Agency
    • Western Union / Bank / Credit Union
    • Strayer University / University / School
    • TVFCU - Downtown City Center / Credit Union
    • Bantam & Biddy / Restaurant

    Property Details for 728 Market St

    Year built
    2017
    Lot size
    0.62 lot acres
    Property size
    96,222 SF
    Zone code
    C3
    Property type
    Parking lots & garages
    APN
    145DAD 010
    APU
    145DAD010

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $18,355,000
      Market price range: $5.39M - $48.9M
      AI Estimate
      $18,355,000
      Market price range: $5.39M - $48.9M

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $18,355,000
      Current use
      MEDICAL BUILDING
      $23,900,000
      Change: +30% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $20,430,000
      Change: +11% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $15,965,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3091
    Latitude
    35.0477
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $18,162,800
    $18,162,800

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      100 10th St

      PARKING GARAGE, PARKING STRUCTURE • 0.08 Acres
      100 10th St, Chattanooga, TN 37402-4230
      View Details
    • Value Estimation by Request
      2.33 Acres

      12th St

      PARKING GARAGE, PARKING STRUCTURE • 2.33 Acres
      12th St, Chattanooga, TN 37402
      View Details
    • Value Estimation
      $29,960,000
      157,069 SF

      200 2nd St

      PARKING GARAGE, PARKING STRUCTURE • 157,069 SF
      200 2nd St, Chattanooga, TN 37402
      View Details
    • Value Estimation by Request
      291,600 SF

      1200 Chestnut St

      PARKING GARAGE, PARKING STRUCTURE • 291,600 SF
      1200 Chestnut St, Chattanooga, TN 37402
      View Details
    • Value Estimation by Request
      0.46 Acres

      600 Pne St

      PARKING GARAGE, PARKING STRUCTURE • 0.46 Acres
      600 Pne St, Chattanooga, TN 37402-1712
      View Details
    • Value Estimation by Request
      0.44 Acres

      700 Pne St

      PARKING GARAGE, PARKING STRUCTURE • 0.44 Acres
      700 Pne St, Chattanooga, TN 37402-1714
      View Details

    Similar Nearby for Sale

    • $1,338,000
      2,880 SF

      Downtown Chattanooga Investment Opportunity

      Prime location with long-term tenant and new development nearby.
      334 Market St, Chattanooga, TN 37402
      View Details
    • $2,500,000

      Downtown Chattanooga Retail/Office Asset

      Prime retail/office space in downtown Chattanooga with redevelopment potential.
      200 Market St, Chattanooga, TN 37402
      View Details
    • $383,205
      1,299 SF

      Chattanooga Office Suite C

      Downtown Chattanooga commercial condo
      707 Georgia Ave, Chattanooga, TN 37402
      View Details
    • Contact for pricing

      Historic Downtown Studio Apartment

      Updated studio in historic Chattanooga building with downtown views.
      117 E 7Th St, Chattanooga, TN 37402
      View Details
    • Contact for pricing
      2,236 SF

      Flatiron Building Office Suite

      Sophisticated office suite in Chattanooga's historic Flatiron Building.
      707 Georgia Ave, Chattanooga, TN 37402
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Downtown Chattanooga Parking Lot

      1.38 AC parking lot in Chattanooga's Central Business District.
      814 Lindsay St, Chattanooga, TN 37402
      View Details
    • Contact for pricing

      Downtown Chattanooga Landmark Office Space

      Office and retail spaces in a vibrant downtown Chattanooga location.
      1110 Market St, Chattanooga, TN 37402
      View Details
    • $16 SF/Yr
      106,000 SF

      Fleetwood Building

      Office Units • 106,000 SF
      232 11Th St, Chattanooga, TN 37402
      View Details
    • $18 SF/Yr
      12,000 SF

      Downtown Chattanooga Office Space

      Historic building, flexible suites, prime location
      111 7Th St, Chattanooga, TN 37402
      View Details
    • Contact for pricing

      Downtown Storage or Office/Retail Space

      Versatile downtown space suitable for storage, office, or retail.
      430 Market St, Chattanooga, TN 37402
      View Details
    • Contact for pricing

      Downtown Chattanooga Retail Space Available

      Vibrant retail space in downtown Chattanooga near Tapestry by Hilton.
      736 Broad St, Chattanooga, TN 37402
      View Details
    View Listing
    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.
    728 Market St
    Chattanooga, TN 37402
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!