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

    1009 Reads Lake Road Chattanooga, TN 37415

    View on Map
    Claim this Listing
    For Sale
    $289,000

    LAND - Chattanooga, TN

    Lot size:
    0.62 Acres
    Added:
    Dec 18, 2025
    Days on Market:
    138
    Last Refresh:
    May 5 at 4:06 am

    Property Features for 1009 Reads Lake Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Standard status
    Active
    APN
    108 D A O 2.06
    Lot size
    0.62 Acres

    Taxes and HOA fees

    Tax Description
    Lot 4 Old Quarry Golf Course Pb 127 Pg 126 Rev. for Lot #5

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    John G Martin

    Listing agent John G Martin License #213469

    Listing office Fletcher Bright Realty 537 Market St. Ste. 400, Chattanooga, TN

    Listing date Dec 18, 2025

    MLS# 1525439 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

    Land Near Walden's Ridge Park

    This residential land offers a unique opportunity to build a home adjacent to Walden's Ridge Park. The property is separated from the Hamilton County-maintained trail system by a cobble stone stream, public green space, and a year-round spring. The location provides direct access to over 200 acres of curated park space, including a downhill mountain biking park with over 12 miles of trails for running, hiking, and biking, as well as established rock-climbing routes. Situated at the base of Signal Mountain, the property offers views of sandstone bluff lines. Located in the Reads Lake Rd neighborhood, which features higher-end homes, the property is on a quiet, dead-end street with no through traffic. The site is partially wooded and level, ready for construction. The lot size is approximately 0.62 acres. The drive to Chattanooga's city center is approximately 11 minutes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Hotel & Motel Computer & Electronic Repair Veterinary Clinic Tech Support Center Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.306159
    Latitude
    35.137623

    Nearby Similar for Sale

    • $2,000,000
      11,262 SF

      Prime Commercial Space in Chattanooga

      Versatile commercial property on Dayton Boulevard, Chattanooga.
      3920 Dayton Boulevard, Chattanooga, TN 37415
      View Details
    • $1,350,000
      9,800 SF

      Fully Leased Retail Investment Opportunity

      High-visibility, fully leased retail plaza with strong cash flow.
      5805 Lee Hwy, CHATTANOOGA, TN 37421
      View Details
    • $449,900
      2,700 SF

      East Brainerd Income Producing Duplex

      Income-producing duplex in desirable East Brainerd location with strong rental potential.
      1422 Stratton Place Drive, Chattanooga, TN 37421
      View Details
    • $300,500

      Level Lot in Bozentown

      Level lot in growing area, potential for commercial zoning.
      2610 Benton Avenue, Chattanooga, TN 37406
      View Details
    • $550,000
      3,216 SF

      Updated Duplex on Missionary Ridge

      Turnkey investment: updated duplex near downtown Chattanooga with immediate income.
      311 E View Drive, Chattanooga, TN 37404
      View Details
    • $359,000
      1,919 SF

      Versatile Commercial Property, Chattanooga, TN

      High-visibility commercial property with office space and parking.
      1507 Maxwell Road, Chattanooga, TN 37412
      View Details
    • $450,000
      3,060 SF

      Chattanooga Quadplex with Views

      Attractive quadplex near downtown and UTC with renovated units.
      234 Buena Vista Drive, Chattanooga, TN 37404
      View Details
    • $800,000
      3,436 SF

      Rebuilt Quadplex with Expansion Potential

      Four-unit multifamily property rebuilt with modern finishes and expansion potential.
      314 E View Drive, Chattanooga, TN 37404
      View Details
    • $2,000,000

      Commercial Building in Chattanooga, TN

      Commercial building for sale in Chattanooga, Tennessee.
      3920 Dayton Blvd, Chattanooga, TN 37415
      View Details
    • $599,000

      Development Opportunity Near Signal Mountain

      2.83-acre vacant lot with development potential near downtown Chattanooga.
      1161 Mountain Creek Road, Chattanooga, TN 37405
      View Details
    • $150,000
      2,724 SF

      Chattanooga Multi-Family Investment Opportunity

      Income-producing triplex with long-term tenants and high potential returns.
      5 Franklin Place, Chattanooga, TN 37412
      View Details
    • $499,900
      1,652 SF

      Renovated Duplex with Development Potential

      Investor package featuring renovated duplex and development opportunity.
      356 Browns Ferry Road, Chattanooga, TN 37419
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale adjacent to Walden's Ridge Park.
    Where is this residential land & home lot located?
    The property is located at 1009 Reads Lake Road Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: Direct access to Walden's Ridge Park (200+ acres) with extensive trails.; Prime location adjacent to Walden's Ridge Park, a progressive down‑hill mountain biking park.; **Spectacular views** of sandstone bluff lines at the base of Signal Mountain.
    (423) 903-2450
    We can help!
    Listing Contact
    John G Martin
    Real Estate License ID: 213469
    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

    Thank You for Inquiry
    1009 Reads Lake Road, Chattanooga, TN 37415
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!