117 Nowlin LnChattanooga, TN 37421

Property Details for 117 Nowlin Ln

Year built

1984

Lot size

2.92 AC

Property size (Sq ft)

21,150 SF

Zone code

M2

Property type

Office properties

Property subtype

Other office properties

APN

158A A 001.02

APU

158AA00102

Description

This exceptional 1,700 square foot office suite is located at 117 Nowlin Lane, Suite 400, in Chattanooga, Tennessee's Air Park Centre. The property is part of a larger 21,258 square foot Class B building, constructed in 1984 and extensively renovated in 2023. This single-tenant space offers a flexible layout suitable for various office configurations, including traditional office, executive office, or coworking setups. The building provides ample surface parking with 45 spaces available. The suite is conveniently located in Hamilton County, Tennessee, with easy access to Chattanooga's amenities and transportation networks. While the listing mentions a similar suite with a roll-up door, this particular 1,700 square foot suite does not include that feature. The lease is a NNN lease with a base rent of $13.50 per square foot and a CAM fee of $5.00 per square foot. This prime Chattanooga location offers a blend of modern updates and convenient access, making it an ideal space for businesses seeking a functional and well-maintained office environment. The building is a single-story structure.

• CAP approach

  CAP return

  Valuation

  6%

  $4,473,317

  6.5%

  $4,129,216

  7%

  $3,834,272

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,445,123

  Geo Method

  $4,125,519

• Alternative Use

  Use

  Valuation

  Residential

  $5,120,228

  Hospitality

  $4,690,101

  Educational

  $3,902,109

  Medical

  $4,036,308

  Retail

  $6,069,948

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0274

Longitude

-85.2001

CBSA code

16860

CBSA name

CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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