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Property profile

99 Textile Ln Chattanooga, TN 37419

OFF-MARKET
Manufacturing properties
Property ID
US80-0952917
100,000 SF 5 ac lot Built 1972
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located in Lookout Valley's desirable submarket, offers 96,000 square feet of manufacturing and warehouse space, divisible to 45,000 square feet. Situated on five acres, this Class B property boasts two single-story buildings, each measuring 48,000 square feet, connected by interior access. The buildings feature 22-foot ceiling heights, seven dock-high doors, and three drive-in doors, providing ample access for loading and unloading. Ample parking and lay-down areas are available. The property benefits from significant electrical capacity, including 2000 Amp, 480v 3-Phase and 2500 Amp, 240v, 3-Phase power in Building I and 2500 Amp, 480v 3-Phase power in Building II, along with substantial buss duct distribution. A 2-inch natural gas line services the property. The buildings are fully sprinklered. Conveniently located just west of Downtown Chattanooga off Cummings Highway, near I-24, this property offers significant advantages, including lower operating expenses due to zero stormwater fees. The Cummings Highway railroad underpass, while posted at 10'4", actually measures 14'7" above the white line and 17'5" above the yellow center line. The property is zoned M-2. Each building's bays are 50'x40', except for 20' wide end bays. The interior wall separating the buildings is easily removable, allowing for a combined 96,000 square feet of contiguous space.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1972
Total area 100,000 SF
Lot 5 ac (217,800 SF)
Zoning code M2
APN 154D B 005
UPID US80-0952917

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
  • Real Estate Agency
  • Warehouse & Storage

Location

99 Textile Ln Chattanooga, TN 37419-1858
Chattanooga metro Census 12100 CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.80M
Blend (final) Blend
$700k

Owner & transaction history

Zoning & alternative use

M2 · 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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