4151 Ringgold RdChattanooga, TN 37412

  • Healthcare properties
  • 1,960 SF
For Lease
$13/SF/YR View listing

Property Details for 4151 Ringgold Rd

Year built
1910
Lot size
0.47 AC
Property size (Sq ft)
1,960 SF
Zone code
C2
Property type
Healthcare properties
Property subtype
Medical offices
APN
169H E 002
APU
169HE002

Description

This exceptional 1,960-square-foot office space at 4151 Ringgold Rd, Chattanooga, TN 37412, presents a unique opportunity for a variety of businesses. Situated on a 0.53-acre lot (23,087 sq ft) in a high-traffic area of East Ridge, near the intersection of Ringgold Road and Bojangles, this single-tenant property offers excellent visibility and accessibility. Built in 1910 and renovated in 1996, the building features a single story with an 8-foot ceiling height. The property is zoned C-2 and includes 10 parking spaces, providing ample convenience for staff and clients. The building's 1,960 square feet are currently vacant, allowing for complete customization to suit your specific business needs. This adaptable space is ideal for medical, creative, or traditional office uses. Property taxes are $1.89 per square foot. The tenant is responsible for rent, all utilities, tenant insurance, and grounds maintenance. This is a fantastic opportunity to establish your business in a thriving East Ridge location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $414,549
    6.5%
    $382,660
    7%
    $355,327
  • Comparable approach

    Method
    Valuation
    Relative Method
    $319,264
    Geo Method
    $382,318
  • Alternative Use

    Use
    Valuation
    Residential
    $474,499
    Hospitality
    $434,638
    Educational
    $361,614
    Medical
    $374,050
    Retail
    $562,510
4151 Ringgold Rd, Chattanooga, Tennessee

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
34.9978
Longitude
-85.244
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
$3,462
-
-
$98,640
-
$139,000
$107,600
$246,600

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