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    824 Dodson Ave Chattanooga, TN 37406

    For Sale
    $550,000

    Chattanooga retail investment, high cap rate.

    Property size:
    6,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This vacant, 6,720 square foot retail property located at 824 Dodson Avenue in Chattanooga, Tennessee, presents a compelling value-add opportunity. The single-story building, constructed in 1989 and renovated in 1994, sits on a 0.64-acre lot and is zoned C2. The property features three equally sized units, ideal for a variety of retail uses, and boasts ample parking. The asking price is $550,000, representing a price per square foot of $81.85 and a land value of $859,375 per acre. The property offers a projected 8.00% cap rate. With its strategic location on Dodson Avenue in Hamilton County (zip code 37406), this property is well-positioned for future growth and offers significant potential for increased rental income. The property includes pylon signage. This is a Class C property with one building. The property's APN is 146d E 019. This is a vacant property.

    Property Features for 824 Dodson Ave

    General Information

    Property type
    Lifestyle centers
    Square Feet
    6,720 SF
    Class
    C
    Lot Size
    27,878 SF

    Building Details

    Year Built/Renovated
    1989/1994
    Buildings
    1
    Stories
    1
    Units
    3

    HighLights

    • Three‑unit retail strip center.
    • 8% projected cap rate based on $10.68/SF/YR rent.
    • 6,720 square foot building on a 0.64‑acre lot.
    • Prominent pylon signage.
    • Abundant parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2634218
    Latitude
    35.0454398

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    FAQs

    What type of property is this?
    Lifestyle center - Chattanooga retail investment, high cap rate.
    Where is this lifestyle center located?
    The property is located at 824 Dodson Ave Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Three-unit retail strip center.; 8% projected cap rate based on $10.68/SF/YR rent.; 6,720 square foot building on a 0.64-acre lot.
    Request Owner's contact information
    824 Dodson Ave Chattanooga, TN 37406
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    Realmo Value Estimation

    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.

    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.

    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
    824 Dodson Ave Chattanooga, TN 37406
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