Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    193 E Highwater Road Soddy Daisy, TN 37379

    View on Map
    Claim this Listing
    For Sale
    $47,000

    LAND - Soddy Daisy, TN

    Lot size:
    0.51 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    24
    Last Refresh:
    Apr 19 at 6:06 am

    Property Features for 193 E Highwater Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    033 059.05
    Lot size
    0.51 Acres

    Taxes and HOA fees

    Tax Description
    Lt 5 Baptist View Estates Sub Pb57 Pg153 Out Of 33-59 For 1997
    Tax Annual Amount
    267

    Utilities

    Utilities
    Water Available
    Water source
    Public

    We can help!

    Listing Contact
    Brandon Chatfield

    Listing agent Brandon Chatfield License #368615

    Listing office Keller Williams Realty 7158 Lee Hwy, Chattanooga, TN

    Listing date Mar 27, 2026

    MLS# 1531266 Listing URL

    Copyright © 2026 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Lot in Soddy Daisy

    Located off Highway 27, the property at 193 E Highwater Rd, Soddy Daisy, TN 37379 is one of the last remaining lots in a desirable neighborhood. The 0.51-acre lot is gently sloping, providing an ideal setting for constructing a home. Its location offers convenient access to Hixson and Chattanooga. This property is zoned R-1 and presents an opportunity in a well-established area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Gym & Fitness Center Auto Parts Store Bar & Pub Daycare Center Travel Agency Plumbing Service Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Soddy Daisy
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.135978
    Latitude
    35.316586

    Nearby Similar for Sale

    • $468,500
      3,400 SF

      Renovated Triplex in Soddy Daisy

      Fully renovated triplex with strong rental income potential.
      9151 Dallas Hollow Road, Soddy Daisy, TN 37379
      View Details
    • $900,000
      4,200 SF

      Soddy Daisy Duplex Investment Opportunity

      Six-unit multifamily property in rapidly growing Soddy Daisy, Tennessee.
      11215 Dayton Pike, Soddy-Daisy, TN 37379
      View Details
    • $600,000
      2,800 SF

      Soddy-Daisy Duplex Investment Opportunity

      Two fully rented duplexes on Dayton Pike in Soddy-Daisy, TN.
      11213 Dayton Pike, Soddy-Daisy, TN 37379
      View Details
    • $1,200,000
      6,086 SF

      Soddy-Daisy Multifamily Investment Opportunity

      Four fully rented duplexes in Soddy Daisy, Tennessee.
      11219 Dayton Pike, Soddy-Daisy, TN 37379
      View Details
    • $300,000
      1,400 SF

      Fully-Rented Duplex on Dayton Pike

      Investment opportunity in Soddy Daisy with immediate cash flow.
      11209 Dayton Pike, Soddy-Daisy, TN 37379
      View Details
    • $59,000

      Soddy Daisy Acreage For Sale

      0.80 acre lot in Soddy Daisy, close to Chattanooga.
      8815 Gann Road, Soddy Daisy, TN 37379
      View Details
    • $22,500

      Wooded Lot with Septic Permit

      Dual-zoned land ready to build with septic permit in hand.
      11044 Loop Rd, Soddy-Daisy, TN 37379
      View Details
    • $984,500

      179 Acre Hamilton County Land

      Private 179-acre tract in northwest Hamilton County.
      Retro Hughes Rd., Soddy Daisy, TN 37373
      View Details
    • $630,500

      97 Acre Tract in Soddy Daisy

      Private 97-acre tract in northwest Hamilton County.
      Retro Hughes Rd., Soddy Daisy, TN 37373
      View Details
    • $571,000

      Lakefront Homesite on Chickamauga Lake

      1.5-acre lakefront property with direct water access for custom home.
      9824 Waterside Way, Soddy Daisy, TN 37379
      View Details
    • $105,000

      Residential Land in Montlake Subdivision

      1.77-acre lot in Montlake, near Chattanooga with pond.
      8627 Brow Lake Rd, Soddy-Daisy, TN 37379
      View Details
    • $395,000

      Soddy Daisy Land For Sale

      22.31 acres with infrastructure near Chattanooga.
      833 Coke Bowman Road, Soddy Daisy, TN 37379
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot for sale in a desirable, established neighborhood.
    Where is this residential land & home lot located?
    The property is located at 193 E Highwater Road Soddy Daisy, TN.
    What is the asking price?
    The asking price for this property is $47,000.
    What are key features of this property?
    This property features: One of the last remaining lots in a desirable neighborhood.; Convenient location with easy access to Hixson and Chattanooga via Hwy 27.; Gently sloping lot ideal for building.
    (423) 280-0774
    We can help!
    Listing Contact
    Brandon Chatfield
    Real Estate License ID: 368615
    Learn More
    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.
    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!