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    Commercial Space in Ooltewah, TN Title is generated by Realmo AI

    9298 Apison Pike, Ooltewah, TN 37363

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    Claim this Listing
    For Sale
    $659,000

    COMMERCIAL - Ooltewah, TN

    Property size:
    1,450 SF
    Price / SF:
    $454/SF
    Added:
    Aug 8, 2025
    Days on Market:
    280
    Last Refresh:
    May 14 at 6:06 pm

    Property Features for 9298 Apison Pike

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Parking Lot
    Appliances
    Dishwasher
    Standard status
    Active
    APN
    140 188.18c002
    Size
    1,450 SF

    Taxes and HOA fees

    Tax Annual Amount
    3883

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2008
    Flooring type
    Tile
    Building materials
    Concrete
    Roof type
    Shingle

    We can help!

    Listing Contact
    James Perry

    Listing agent James Perry License #228482

    Listing office The James Company 6150 Shallowford Rd Ste 101, Chattanooga, TN

    Listing date Aug 8, 2025

    MLS# 20253782

    Copyright © 2026 River Counties 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.

    HighLights

    • Established and Profitable Bakery/Restaurant Business: Includes all equipment and furnishings.
    • Prime Commercial Location: Excellent demographics near Collegedale Commons and Southern Adventist University.
    • Fully Furnished and Equipped: Transfer includes display cases, kitchen appliances, and walk‑in freezer.
    • Well‑Maintained Property: Building, grounds, and parking are in excellent condition.
    • Low Maintenance Fees: $220/month CAM fee covers roof, exterior, and landscaping.
    • Newer HVAC System: Only five years old with a 10‑year warranty.

    Overview

    This commercial property in Ooltewah, Tennessee, offers 1450 square feet of retail space. Constructed in 2008, the unit is move-in ready and includes an established, well-regarded bakery/restaurant business known as Piece-A-Cake Bakery. The sale encompasses a fully furnished space, including display cases, kitchen appliances, prep stations, stainless steel tables, a walk-in freezer, refrigerator, oven, and sinks. The building and grounds, including parking, are in excellent condition and feature charming architecture. The commercial deeded unit benefits from a CAM fee of $220 per month, covering roof and exterior maintenance, exterior insurance, fire protection, porch lights, waste dumpsters, parking lot upkeep, and landscaping. The HVAC system is only five years old and has a 10-year warranty. Utilities include all-electric, water, and sewer. The property is located a few blocks from Collegedale Commons, Imagination Station, the Wolftever Creek Greenway, and Little Debbie Park, as well as The Greenbrier assisted living community. It is conveniently located near I-75's Volkswagen exit and Ooltewah's exit 11, and a short distance from Southern Adventist College. The current owner is willing to provide training for a period of time if the purchaser chooses to continue operating the bakery or expand with other retail offerings. This property is suitable for a store, bakery, restaurant, or other retail business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McKee Health Resource ... Medical Clinic Piece A-Cake Bakery 35 South Real ... Real Estate Agency Chattanooga Healthy Hearing Physician Chattanooga Pain Medicine Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ooltewah
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.072195
    Latitude
    35.061435

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    FAQs

    What type of property is this?
    Turn key restaurant - Retail space with established bakery business for sale in Ooltewah.
    Where is this turn key restaurant located?
    The property is located at 9298 Apison Pike Ooltewah, TN.
    What is the asking price?
    The asking price for this property is $659,000.
    What are key features of this property?
    This property features: Established and Profitable Bakery/Restaurant Business: Includes all equipment and furnishings.; Prime Commercial Location: Excellent demographics near Collegedale Commons and Southern Adventist University.; Fully Furnished and Equipped: Transfer includes display cases, kitchen appliances, and walk‑in freezer.
    (423) 400-2424
    We can help!
    Listing Contact
    James Perry
    Real Estate License ID: 228482
    Learn More
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    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.

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