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

    5308 Hunter Rd Ooltewah, TN 37363

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4.45 acres, I-75 visibility, rezoning potential.

    Property Features for 5308 Hunter Rd

    General Information

    Property type
    Land
    Lot Size
    193,842 SF

    We can help!

    Listing Contact
    James Perry
    James Perry

    Listing Agent: James Perry

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 4.45-acre commercial land parcel in Ooltewah, Tennessee, presents a compelling investment opportunity. Located at 5308 Hunter Rd, Hamilton County, zip code 37363, this property boasts prime visibility from Interstate 75 Exit 11/Hunter Road, benefiting from excellent demographics in this high-traffic area. Its strategic location offers proximity to the Volkswagen plant and Enterprise South industrial park, ensuring strong potential for future development. The property is zoned A-1, but rezoning possibilities exist. While the total acreage is 4.45 acres, approximately 3 acres are usable for development, with the remaining 1.5 acres designated as green space. The convenient location is a mere 0.25 miles from I-75 Exit 11, providing easy access to major transportation routes. The property is currently listed for $450,000 and is suitable for a single tenant. This is an ideal site for businesses seeking high visibility and convenient access to a thriving commercial and manufacturing area. Don't miss this chance to acquire a strategically located commercial land parcel with significant growth potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Ooltewah
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.0766639
    Latitude
    35.086799

    Nearby Similar for Sale

    • $659,000
      1,450 SF

      Commercial Space in Ooltewah, TN

      Retail space with established bakery business for sale in Ooltewah.
      9298 Apison Pike, Ooltewah, TN 37363
      View Details
    • $535,000
      2,600 SF

      Ooltewah Multifamily Investment Opportunity

      Multifamily property with potential for triplex conversion and additional unit.
      126 Myrtle Ln, Ooltewah, TN 37363
      View Details
    • $659,000
      1,450 SF

      Established Bakery and Retail Space

      Commercial space with operating bakery in prime location for sale.
      9298 Apison Pike, Ooltewah, TN 37363
      View Details
    • Contact for pricing

      Former Car Wash on 1.79 Acres

      4,460 SF building suitable for car wash or retail.
      9025 Jac Cate Rd, Ooltewah, TN 37363
      View Details
    • $335,000
      0.52 Acres

      Ooltewah Retail Lot - Prime Location

      High-Visibility Retail Lot, Excellent Demographics
      5419 Ooltewah Ringgold Rd, Ooltewah, TN 37363
      View Details
    • $659,000
      1,450 SF

      Ooltewah Retail Space & Bakery

      Thriving Bakery, Prime Location, High Traffic
      9298 Apison Pike, Ooltewah, TN 37363
      View Details
    • Contact for pricing
      2,000 SF

      New Valvoline Lease Investment Opportunity

      New 15-year Valvoline lease with options and rent escalations.
      1609 Ooltewah Ringgold Rd, Ooltewah, TN 37363
      View Details
    • $415,000
      2,000 SF

      Hilltop Drive Income Property

      Three-building rental portfolio, high traffic location.
      8633 Hilltop Dr, Ooltewah, TN 37363
      View Details
    • $2,450,000
      3,600 SF

      specializing in comfort cafe soups

      salads
      5503 Main St, Ooltewah, TN 37363
      View Details
    • $3,500,000
      4,796 SF

      Ooltewah Mixed-Use Investment Opportunity

      Prime Ooltewah location, income-producing, two buildings.
      5948 Howe Ln, Ooltewah, TN 37363
      View Details

    FAQs

    What type of property is this?
    Land - 4.45 acres, I-75 visibility, rezoning potential.
    Where is this land located?
    The property is located at 5308 Hunter Rd Ooltewah, TN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: Single-tenant occupancy.; High-traffic location with excellent visibility.; Long-term lease in place with a creditworthy tenant.
    (423) 499-9999 Call to check price and availability
    Request Owner's contact information
    5308 Hunter Rd Ooltewah, TN 37363
    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.
    5308 Hunter Rd
    Ooltewah, TN 37363
    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
    5308 Hunter Rd Ooltewah, TN 37363
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing James Perry
    James Perry
    Real Estate License ID: TN 228482
    (423) 499-9999
    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!