Building Details

Year Built 1978

Buildings 1

Listing Agency: KW Commercial

Listed By: Robert Fisher · License #285342 Show Phone

Source: Chattanoogaareahomesforsale

Added: Oct 5 Changed: Nov 4 Last Checked: Nov 4 at 2:40PM

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Investment Insights

Based on property information with market context.

Set on 4.7 acres in McDonald, Tennessee, this short-term rental estate has 14,070 square feet, six bedrooms and capacity for up to 29 guests. Furnishings and equipment are included. Interior amenities include a chef’s kitchen, multiple living and dining areas, a game room with billiards and ping pong, and a home gym.

Outdoor features include a heated saltwater pool, hot tub, tiki bar, outdoor kitchen, fire pit and lighted volleyball court. The property is near Chattanooga, Ooltewah and Cleveland. Built in 1978, it combines large-group lodging with a broad range of on-site recreation.

Key Highlights

• Accommodates up to 29 guests across six bedrooms
• 14,070 square feet on 4.7 acres
• Furnishings and equipment are included

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$104,637

Cap Rate

4.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,092,740 $2.1M

Cap Rate 7%

$1,494,814 $1.5M

Cap Rate 9%

$1,162,633 $1.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,070 SF

Gross rent

$202.6K $14.40/SF

− Vacancy

−$12.4K −$0.88/SF

EGI

$190.2K $13.52/SF

− OpEx

−$85.6K −$6.08/SF

NOI

$104.6K $7.44/SF

Area

Bradley County, TN

Vacancy

6.10%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,092,740

Cap Rate 7%

$1,494,814

Cap Rate 9%

$1,162,633

Alternative Uses

Best Use

Apartment 5plus

$1.49M

$1.31M – $1.74M (±1% cap)

NOI $104,637 @ 7.0% cap · market cap 4.36%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.95M

$2.58M – $3.44M (±1% cap)

NOI $206,660 @ 7.0% cap · market cap 8.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Location Intelligence

Trade Area within ½ mile

11

Businesses Nearby

Explore this area Business Placement

Demographics for 37353, TN

5,168

Population

2,081

Households

2.5

Avg Household Size

44

Median Age

30%

College-Educated

90%

High-School Grad

40.5 sq mi

ZIP Area

128

Density / Sq Mi

$66,186

Median Household Income

$42,923

Median Earnings

$976

Median Rent

$221,000

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

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3,888 SF

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Mixed-Use Property with Live-Work Residence

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4,146 SF

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Frequently Asked Questions

What type of property is this?

Short term rental property - Furnished accommodations for as many as 29 guests include extensive indoor and outdoor recreation.

Where is this short term rental property located?

The property is located at 171 Greendale Ln Mc Donald, TN.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: Accommodates up to 29 guests across six bedrooms; 14,070 square feet on 4.7 acres; Furnishings and equipment are included