Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Soddy Daisy Investment Opportunity Title is generated by Realmo AI

    8903 Nelson Rd, Soddy Daisy, TN 37379

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Eight-unit property in a rapidly growing area.

    Type:Mobile Home Park
    Added:
    May 10, 2024
    Days on Market:
    760
    Last Refresh:
    May 13 at 8:03 pm

    Property Features for 8903 Nelson Rd

    General Information

    Standard status
    Active
    Property subtype
    Mobile Home Park

    We can help!

    Listing Contact
    Simeon Hinchman

    Listing agent Simeon Hinchman License #TN 375181

    Listing office KW Commercial

    Listing date May 10, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial

    HighLights

    • Stabilized 8‑unit investment property with strong financials.
    • Located in rapidly growing Soddy Daisy, TN.
    • Convenient access to amenities via Hixson Pike.
    • Gross Monthly Income (GMI) of $6,425.
    • Tenants pay all utilities.
    • Opportunity for income growth.

    Overview

    Located in Soddy Daisy, Tennessee, 8903 Nelson Road presents an investment opportunity. This eight-unit property offers a chance to acquire a stabilized investment. The property is situated in a rapidly growing area off Hixson Pike, providing access to amenities. The property consists of multiple addresses with varying rents: 8903 Nelson Road ($900), 8831 Nelson Road ($1,050), 1933 Wilkes Ave ($575), 1931 Wilkes Ave ($900), 1929 Wilkes Ave ($750), 1927 Wilkes Ave ($750), 1928 A Wilkes Ave ($900), and 1928 B Wilkes Ave ($600). The gross monthly income is $6,425. Tenants are responsible for all utilities. Annual expenses include $3,465 for lawn care and $1,397.16 in taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Restaurant Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Soddy Daisy
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.14608
    Latitude
    35.20818

    Nearby Similar for Sale

    • $398,000
      3,400 SF

      Renovated Triplex in Soddy Daisy

      Fully renovated triplex with strong rental income and low maintenance.
      9151 Dallas Hollow Road, Soddy Daisy, TN 37379
      View Details
    • $1,122,000
      6,000 SF

      Functional Industrial Facility For Sale

      Well-maintained 6,000 SF industrial building on 2.02 acres.
      218 Industrial Park Drive, Soddy-Daisy, TN 37379
      View Details
    • $1,025,000
      6,444 SF

      Retail Space in Soddy Daisy

      Retail space in a growing Soddy Daisy, Tennessee market.
      9806 Dayton Pike, Soddy-Daisy, TN 37379
      View Details
    • $1,122,000
      6,000 SF

      Functional Industrial Facility For Sale

      Well-maintained 6,000 SF industrial building on 2.02 acres.
      218 Industrial Park Dr, Soddy-Daisy, TN 37379
      View Details
    • $1,500,000

      Auto Recycling and Metals Operation

      Turn-key auto recycling and metals operation on 15 acres.
      410 Depot St, Soddy Daisy, TN
      View Details
    • $525,000
      1,960 SF

      Corner Lot in Soddy-Daisy, TN

      Prime .44-acre corner lot for retail or redevelopment.
      9814 Dayton Pike, Soddy-Daisy, TN 37379
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - Eight-unit property in a rapidly growing area.
    Where is this mobile home & rv park located?
    The property is located at 8903 Nelson Rd Soddy Daisy, TN.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Stabilized 8‑unit investment property with strong financials.; Located in rapidly growing Soddy Daisy, TN.; Convenient access to amenities via Hixson Pike.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Simeon Hinchman
    Real Estate License ID: TN 375181
    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
    8903 Nelson Rd, Soddy-Daisy, TN 37379
    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!