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

    Holly Ave, Unit 1-4 South Pittsburg, TN 37380

    View on Map
    Sponsored
    For Sale
    $47,900

    LAND - South Pittsburg, TN

    Lot size:
    0.16 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 15 at 3:06 pm

    Property Features for Holly Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1
    APN
    142p C 00800 000
    Lot size
    0.16 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Melissa Hubbard
    Melissa Hubbard

    RE/MAX Realty South (423) 942-3333

    Listing agent Melissa Hubbard (423) 942-3333 License #TN352509

    Listing date Mar 14, 2026

    MLS# 1530433 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.

    Learn more

    Property Insight Report

    Overview

    Downtown South Pittsburg City Lots

    Located in downtown South Pittsburg, Tennessee, this property presents an opportunity to own one or more of four city lots. Each lot measures 50 ft x 137 ft, offering a setting for a home or investment property. Situated on a street with well-maintained homes, these level lots are suitable for builders, investors, or individuals looking to build in a community. The location provides access to downtown amenities, including shops, dining, schools, and local parks. The property is zoned R-1. The lot size is approximately 0.16 acres. The property is located in Marion County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    South Pittsburg
    County
    Marion
    State
    Tennessee
    Longitude
    -85.703448
    Latitude
    35.013027

    Nearby Similar for Sale

    • $339,900
      1,912 SF

      Renovated Multifamily Property with Garage

      Fully renovated multifamily property with garage near downtown South Pittsburg.
      618 Elm Ave, South Pittsburg, TN 37380
      View Details
    • $775,000
      4,553 SF

      Historic Church Conversion Apartments

      Fully leased 4-unit apartment building in South Pittsburg, Tennessee.
      602 Elm Ave, South Pittsburg, TN 37380
      View Details
    • $339,900
      1,912 SF

      Remodeled Multifamily Property in Pittsburg

      Corner-lot property with income potential in South Pittsburg, TN.
      618 Elm Ave, South Pittsburg, TN 37380
      View Details
    • $285,000
      960 SF

      Turnkey Duplex Investment Opportunity

      Duplex in South Pittsburg, TN, with income potential.
      575 Irondale Rd, South Pittsburg, TN 37380
      View Details
    • Contact for pricing
      0.78 Acres

      South Pittsburg Land For Sale

      0.78 acre lot in South Pittsburg, Tennessee.
      Short Hollow Rd, South Pittsburg, TN 37380
      View Details
    • $450,000
      1,000 SF

      South Pittsburg Bakery - $450K

      Turnkey Bakery, High Traffic Area, Excellent Condition
      231 Cedar Ave, South Pittsburg, TN 37380
      View Details
    • $200,000
      2.63 Acres

      Prime South Pittsburg Commercial Land

      High-visibility vacant lot, ideal for redevelopment.
      140 Neda Dr, South Pittsburg, TN 37380
      View Details
    • $299,000
      3,020 SF

      South Pittsburg Mixed-Use Property

      Downtown South Pittsburg, TN investment opportunity.
      435 Cedar Ave, South Pittsburg, TN 37380
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Four city lots available in downtown South Pittsburg, Tennessee.
    Where is this residential land & home lot located?
    The property is located at Holly Ave, Unit 1-4 South Pittsburg, TN.
    What is the asking price?
    The asking price for this property is $47,900.
    What are key features of this property?
    This property features: - Rare opportunity to own one or more of four city lots in downtown South Pittsburg.; - Ideal for building a dream home or investment property.; - Level lots in an established, charming neighborhood with well-kept homes.
    (423) 637-0492
    Request Owner's contact information
    Holly Ave, Unit 1-4 South Pittsburg, TN 37380
    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.
    Holly Ave, Unit 1-4
    South Pittsburg, TN 37380
    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
    Holly Ave, Unit 1-4 South Pittsburg, TN 37380
    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

    We can help!
    Listing Contact
    Melissa Hubbard
    Melissa Hubbard
    Real Estate License ID: TN352509
    (423) 637-0492 (423) 942-3333
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!