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    1229 Battlefield Pkwy Fort Oglethorpe, GA 30742

    • Retail properties
    • 2,400 SF
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 1229 Battlefield Pkwy

    Property size
    2,400 SF
    Property type
    Retail properties

    Description

    This exceptional retail opportunity encompasses a 2,400-square-foot building situated on a 0.459-acre lot in the thriving Fort Oglethorpe, GA submarket of Chattanooga. The property, located at 1225 Battlefield Parkway, boasts a highly visible position near major retailers including McDonald's, Walgreens, Steak & Shake, and a new Walmart. The building features 600 square feet of ground floor space and 1,800 square feet on the first floor, offering versatile options for a variety of businesses. With a total of 10 suites, the entire 2,400 square feet is currently vacant and available for lease as a single tenant space. The property includes 20 parking spaces, ensuring ample convenience for customers and employees. The two-story building is situated in a rapidly growing area, experiencing significant commercial development with the addition of businesses such as Buffalo Wild Wings, Jack's, and Marshall's. This prime location presents an unparalleled opportunity for businesses seeking high visibility and access to a substantial customer base. The property's APN is 0003C015, and it's located in Catoosa County. The minimum leasable space is 1,200 square feet, with a maximum contiguous space of 1,200 square feet. This property is ideal for a wide range of businesses, from retail showrooms and food franchises to professional offices and service providers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fort Oglethorpe
    County
    Catoosa
    State
    Georgia
    Longitude
    -85.2442
    Latitude
    34.9524

    Comparable in this City

    • Value Estimation by Request

      731 Battlefield Pkwy

      Restaurants
      731 Battlefield Pkwy, Fort Oglethorpe, GA 30742
      View Details
    • Value Estimation by Request
      27,680 SF

      62 Battlefield Pkwy

      Retail properties • 27,680 SF
      62 Battlefield Pkwy, Fort Oglethorpe, GA 30742
      View Details
    • Value Estimation
      $615,000
      12,400 SF

      2217 Battlefield Pkwy

      DEPARTMENT STORE • 12,400 SF
      2217 Battlefield Pkwy, Fort Oglethorpe, GA 30742-4029
      View Details
    • Value Estimation
      $5,560,000
      92,603 SF

      1785 Battlefield Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 92,603 SF
      1785 Battlefield Pkwy, Fort Oglethorpe, GA 30742-4019
      View Details
    • Value Estimation
      $1,265,000
      17,010 SF

      2025 Battlefield Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 17,010 SF
      2025 Battlefield Pkwy, Ft Oglethorpe, GA 30742-4025
      View Details
    • Value Estimation
      $1,145,000
      14,518 SF

      1228 Battlefield Pkwy

      DRUG STORE, PHARMACY • 14,518 SF
      1228 Battlefield Pkwy, Fort Oglethorpe, GA 30742-4008
      View Details

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    Similar Nearby for Lease

    • $18 SF/Yr
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      Fort Oglethorpe Retail Space

      High-traffic retail space, prime location.
      1229 Battlefield Pkwy, Fort Oglethorpe, GA 30742
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      Retail space available in busy shopping center.
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    • $12 SF/Yr
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      Retail Space For Lease

      Retail spaces available in Fort Oglethorpe shopping center.
      1785 Battlefield Pkwy, Fort Oglethorpe, GA 30742
      View Details
    • Contact for pricing
      27,680 SF

      Retail Space Near Major Retailers

      Retail space available in shadow-anchored strip center near high-traffic Walmart.
      62 Battlefield Pkwy, Fort Oglethorpe, GA 30742
      View Details
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    Fort Oglethorpe, GA 30742
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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.

    More about this property
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