Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    4836 Lillie Ln Ooltewah, TN 37363

    • Commercial real estate
    For Sale
    View listing
    $125,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1375317
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4836 Lillie Ln

    Property type
    Commercial real estate

    Description

    This exceptional 1.11-acre lot, located at 4836 Lillie Ln in Ooltewah, Tennessee, presents a unique opportunity for residential development. Currently zoned R1, this 47,916 square foot parcel offers significant potential. The asking price is $125,000, translating to a land value of $112,613 per square foot. Situated in Hamilton County, zip code 37363, the property boasts a prime location within the desirable Ooltewah community. While currently zoned for single-family residential use, the property's size and location may allow for exploration of alternative zoning options, subject to local regulations and approvals. Buyers are encouraged to conduct their own due diligence regarding potential rezoning possibilities and development plans. The property's ample square footage provides considerable flexibility for various residential construction projects. This is an excellent opportunity for those seeking to build their dream home or develop a residential project in a sought-after Tennessee community. Interested parties should act quickly to secure this exceptional piece of land. Coordinates are 35.066799 latitude and -85.101751 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ooltewah
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.101751
    Latitude
    35.066799

    Comparable in this City

    • $2,950,000

      4748 Ranco Cir

      Multifamily properties
      4748 Ranco Cir, Ooltewah, TN 37363
      View Details
    • $535,000
      2,600 SF

      Ooltewah Multifamily Investment Opportunity

      Multifamily property with potential for triplex conversion and additional unit.
      126 Myrtle Ln, Ooltewah, TN 37363
      View Details
    • $415,000
      2,000 SF

      Hilltop Drive Income Property

      Three-building rental portfolio, high traffic location.
      8633 Hilltop Dr, Ooltewah, TN 37363
      View Details
    • $3,900,000
      3.80 Acres

      Prime Ooltewah Commercial Land

      3.8-Acre Corner Lot near I-75
      8080 Old Cleveland Pike, Ooltewah, TN 37363
      View Details
    • $300,000
      0.22 Acres

      Ooltewah Commercial Lot For Sale

      C-2 zoned commercial lot with road frontage in Ooltewah, TN.
      8220 Apison Pike, Ooltewah, TN 37363
      View Details
    • $99,000

      White Oak Mountain Land Parcel

      1.46 acre lot near Chattanooga for dream home.
      Bowen Trl, Ooltewah, TN 37363
      View Details

    Similar Nearby for Sale

    • $2,950,000

      4748 Ranco Cir

      Multifamily properties
      4748 Ranco Cir, Ooltewah, TN 37363
      View Details
    • $535,000
      2,600 SF

      Ooltewah Multifamily Investment Opportunity

      Multifamily property with potential for triplex conversion and additional unit.
      126 Myrtle Ln, Ooltewah, TN 37363
      View Details
    • $415,000
      2,000 SF

      Hilltop Drive Income Property

      Three-building rental portfolio, high traffic location.
      8633 Hilltop Dr, Ooltewah, TN 37363
      View Details
    • $3,900,000
      3.80 Acres

      Prime Ooltewah Commercial Land

      3.8-Acre Corner Lot near I-75
      8080 Old Cleveland Pike, Ooltewah, TN 37363
      View Details
    • $300,000
      0.22 Acres

      Ooltewah Commercial Lot For Sale

      C-2 zoned commercial lot with road frontage in Ooltewah, TN.
      8220 Apison Pike, Ooltewah, TN 37363
      View Details
    • $99,000

      White Oak Mountain Land Parcel

      1.46 acre lot near Chattanooga for dream home.
      Bowen Trl, Ooltewah, TN 37363
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Ooltewah Retail Center Outparcels

      Retail outparcels in Publix-anchored center, Ooltewah, Tennessee.
      6037 Mountain View Rd, Ooltewah, TN 37363
      View Details
    • Contact for pricing

      Ooltewah, TN Outparcels For Lease

      Four outparcels available for ground lease in Ooltewah, TN.
      5982 Snow Hill Rd, Ooltewah, TN 37363
      View Details
    • Contact for pricing

      Ooltewah, TN Outparcels For Lease

      Four outparcels available for ground lease in Ooltewah, TN.
      6049 Mountain View Rd, Ooltewah, TN 37363
      View Details
    • Contact for pricing

      Ooltewah Land for Lease

      Land for lease in a Publix-anchored center, Ooltewah, TN.
      6013 Mountain View Rd, Ooltewah, TN 37363
      View Details
    • $27 SF/Yr
      1,200 SF

      Ooltewah Office Space: 1200 SF

      Prime Ooltewah location, 1200 sq ft, single tenant.
      6143 Ooltewah Georgetown Rd, Ooltewah, TN 37363
      View Details
    • $14 SF/Yr
      32,040 SF

      Collegedale Office Space For Lease

      Office property in Collegedale, offering high visibility and ample parking.
      9415 Apison Pike, Ooltewah, TN 37363
      View Details
    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.
    4836 Lillie Ln
    Ooltewah, TN 37363
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.