Corner Mixed-Use
For Sale
Contact for pricing
9823 Dallas Hollow Rd, Soddy Daisy, TN 37379
C-2 property with occupied apartments, established retail tenancy, and additional space for commercial use.
Property Size11,035 SF
Lot Size1.40 Acres
Price / SF$126.87
Days on Market192
Property Features for 9823 Dallas Hollow Rd
General Information
Standard status
Active
Size
11,035 SF
Net Rentable
4,150 SF
Elevators
Yes
Lot size
1.40 Acres
Property subtype
Multifamily, Retail
Zoning
C-2
Occupancy
80%
Lease Type
Modified Gross
Site & Location
Corner Location
Yes
Road Access
Yes
Additional Details
Multifamily Units
5
Amenities
elevator
Building Details
Year Built
1947
Year Renovated
2023
Buildings
2
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
Horizon Sotheby's International Realty.
Listed By:
Joy Eslinger · License #344197
Source:
Crexi
Added: Apr 7
Changed: Sep 2
Last Checked: Oct 14 at 11:40PM
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 Horizon Sotheby's International Realty.
Investment Insights
Based on property information with market context.
This mixed-use property combines 6,885 square feet of retail area with five apartments totaling 4,150 square feet. The building includes an elevator and two underground fuel storage tanks. The apartments are fully occupied under long-term leases, while approximately half of the retail area is occupied by a convenience store and gas station tenant. The convenience store and gas station business are not included in the sale.
More than 2,500 square feet of retail area remains available for build-out or additional use. The property also includes over half an acre of C-2-zoned green space at the rear, offering room for future expansion or site development. Positioned at the corner of Dallas Hollow Road and Green Pond, the site provides access to Hixson Pike, Sequoyah Access Road, and Chickamauga Lake. The underground storage tanks are compliant with environmental regulations, and a 10-year fuel supply agreement with Citgo is in place.
More than 2,500 square feet of retail area remains available for build-out or additional use. The property also includes over half an acre of C-2-zoned green space at the rear, offering room for future expansion or site development. Positioned at the corner of Dallas Hollow Road and Green Pond, the site provides access to Hixson Pike, Sequoyah Access Road, and Chickamauga Lake. The underground storage tanks are compliant with environmental regulations, and a 10-year fuel supply agreement with Citgo is in place.
Key Highlights
- 11,035‑square‑foot mixed‑use property with 6,885 square feet of retail and 4,150 square feet of apartments
- Five apartments are 100% occupied with long‑term leases in place
- More than 2,500 square feet of retail area available for build‑out
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,454
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,309,080
$2.3M
Cap Rate 7%
$1,649,343
$1.6M
Cap Rate 9%
$1,282,822
$1.3M
Market Conditions
NOI Build-Up for 11,035 SF
Gross rent
$198.6K $18.00/SF
− Vacancy
−$13.9K −$1.26/SF
EGI
$184.7K $16.74/SF
− OpEx
−$69.3K −$6.28/SF
NOI
$115.5K $10.46/SF
Area
Hamilton County, TN
Vacancy
7.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,309,080
Cap Rate 7%
$1,649,343
Cap Rate 9%
$1,282,822
Alternative Uses
Best Use
Mixed Use
$1.65M
$1.44M – $1.92M
NOI $115,454 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$1.22M
$1.06M – $1.42M
NOI $85,145 @ 7.0% cap · market cap 6.08%
Theoretical Best
Healthcare Medical
$1.83M
$1.60M – $2.14M
NOI $128,274 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 37379, TN
28,552
Population
12,089
Households
2.4
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
106.4 sq mi
ZIP Area
268
Density / Sq Mi
$85,525
Median Household Income
$44,662
Median Earnings
$988
Median Rent
$277,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2 property with occupied apartments, established retail tenancy, and additional space for commercial use.
Where is this mixed-use property located?
The property is located at 9823 Dallas Hollow Rd Soddy Daisy, TN.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 11,035‑square‑foot mixed‑use property with 6,885 square feet of retail and 4,150 square feet of apartments; Five apartments are 100% occupied with long‑term leases in place; More than 2,500 square feet of retail area available for build‑out
