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

    5195 Austin Road Hixson, TN 37343

    View on Map
    For Sale
    $120,000

    LAND - Hixson, TN

    Lot size:
    0.51 Acres
    Added:
    Jul 29, 2025
    Days on Market:
    246
    Last Refresh:
    Mar 31 at 9:06 pm

    Property Features for 5195 Austin Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    C-2
    Fencing
    Chain Link
    Standard status
    Active
    APN
    100o A 025.02
    Lot size
    0.51 Acres

    Taxes and HOA fees

    TaxDescription
    LT 2 THE ORCHARD OFFICE PARK PB 73 PG 143 REV 80-75
    TaxAnnualAmount
    1222

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Amber Hardiman

    Listing agent Amber Hardiman License #356993

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

    Listing date Jul 29, 2025

    MLS# 1517659 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

    Commercial Land in Hixson, TN

    This commercial land is located in Hixson, Tennessee, one block from Hixson Pike. The property is situated minutes from Highway 153, approximately 15 minutes from US 75, and about 20 minutes from downtown Chattanooga. The lot, zoned C-2, measures approximately 0.51 acres. The front of the lot is level, and the back slopes upward, featuring a wrap-around driveway. A chain-link fence is present at the back of the property, with a tree line adjacent to apartments. The surrounding area is experiencing significant development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hixson
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.238462
    Latitude
    35.138705

    Nearby Similar for Sale

    • $429,000

      Hixson Commercial Lot with Drive-Thru

      High-visibility commercial lot approved for drive-thru in Hixson, TN.
      5468 Old Hixson Pike, Hixson, TN 37343
      View Details
    • $69,000

      Hixson Wooded Land Opportunity

      1.25+/- acre wooded lot in Hixson, minutes from Chattanooga.
      4897 Gann Store Road, Hixson, TN 37343
      View Details
    • $69,000

      Hixson TN Wooded Land Parcel

      1.25+/- acre wooded lot in Hixson, minutes from Chattanooga.
      4921 Gann Store Road, Hixson, TN 37343
      View Details
    • $60,000

      Level Lot in Hixson, TN

      Build-ready 0.31-acre lot near shopping, dining, and schools.
      704 Ray Lane, Hixson, TN 37343
      View Details
    • $310,000
      1,660 SF

      Hixson Duplexes with New Upgrades

      Two updated duplexes in Hixson, Tennessee, with new roofs.
      4703 Clover Lane, Hixson, TN 37343
      View Details
    • $70,000

      Residential Lot in Hixson, TN

      0.36-acre lot ready for your dream home.
      2566 Folkner Road, Hixson, TN 37343
      View Details
    • $70,000

      Residential Lot in Hixson, TN

      0.37-acre lot ready for your dream home.
      2550 Folkner Road, Hixson, TN 37343
      View Details
    • $35,000

      Residential Lot in Colonial Shores

      1.42+/- acre residential lot in Hixson's Colonial Shores.
      1739 Colonial Shores Drive, Hixson, TN 37343
      View Details
    • $70,000

      Residential Lot in Hixson, TN

      0.38-acre lot ready for your dream home.
      2542 Folkner Road, Hixson, TN 37343
      View Details
    • $70,000

      Residential Lot in Hixson, TN

      0.36-acre lot ready for your dream home.
      2558 Folkner Road, Hixson, TN 37343
      View Details
    • $450,000

      23 Acres in Hixson, TN

      23-acre lot with multiple build spots in Hixson, Tennessee.
      7943 Harper Road, Hixson, TN 37343
      View Details
    • $310,000
      1,660 SF

      Hixson Duplex For Sale

      Duplex in Hixson with new roof and windows.
      4705 Clover Lane, Hixson, TN 37343
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land in Hixson, close to major routes and Chattanooga.
    Where is this commercial land located?
    The property is located at 5195 Austin Road Hixson, TN.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Prime commercial land opportunity in Hixson.; Excellent location: just 1 block off Hixson Pike.; Convenient access: Minutes to TN‑153, and only 15 minutes to I‑75.
    (423) 497-2699
    We can help!
    Listing Contact
    Amber Hardiman
    Real Estate License ID: 356993
    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!