Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Morris Hill Rd Chattanooga, TN 37421
    Back to Search
    Property profile & analytics

    Morris Hill Rd Chattanooga, TN 37421

    View on Map
    • Land
    • 6.09 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Morris Hill Rd

    Lot size
    6.09 lot acres
    Property type
    Land

    Description

    This exceptional 6.09-acre parcel presents a remarkable opportunity for residential development in Chattanooga's desirable East Brainerd area. Located on Morris Hill Road, this property boasts a convenient location near an array of amenities, including shopping centers, restaurants, and a Publix supermarket, ensuring residents have easy access to everyday necessities and conveniences. The land itself is characterized by its level topography, offering a buildable canvas for various residential projects. The property is zoned R-1, permitting the construction of single-family homes. However, the zoning also allows for the possibility of multi-family dwellings or apartment complexes, subject to local regulations and approvals. The seller is open to selling the entire 6.09 acres as a single unit or is willing to consider dividing the land into smaller parcels for individual sale. With a total asking price of $609,000, this translates to a price per acre of $100,000, representing a compelling value in the current market. The Hamilton County Assessor's Parcel Number (APN) is 033171C B 01700. This prime location and flexible development potential make this property an ideal investment for builders, developers, or investors seeking a lucrative venture in the thriving Chattanooga real estate market. The property's address is Morris Hill Rd, Chattanooga, TN 37421.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1263
    Latitude
    35.0152

    Comparable in this City

    • Value Estimation by Request
      5.72 Acres

      Vance Rd

      Land • 5.72 Acres
      0 Vance Rd, Chattanooga, TN 37421
      View Details
    • Value Estimation by Request

      1220 Lester Ln

      Land
      1220 Lester Ln, Chattanooga, TN 37421
      View Details
    • Value Estimation by Request
      4,795 SF

      8021 Brainerd Rd

      Medical Office Space • 4,795 SF
      8021 Brainerd Rd, Chattanooga, TN 37421
      View Details
    • Value Estimation by Request
      8.37 Acres

      8922 Brainerd Rd

      Land • 8.37 Acres
      8922 Brainerd Rd, Chattanooga, TN 37421
      View Details
    • Value Estimation by Request
      60.00 Acres

      5406 Hunter Rd

      Land • 60.00 Acres
      5406 Hunter Rd, Chattanooga, TN 37421
      View Details
    • Value Estimation by Request
      0.81 Acres

      7283 Bonny Oaks Dr

      Land • 0.81 Acres
      7283 Bonny Oaks Dr, Chattanooga, TN 37421
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      4.9 Acres on Shallowford Road

      4.9 acres of land for sale on Shallowford Road.
      7725 Shallowford Rd, Chattanooga, TN 37421
      View Details
    • Contact for pricing

      Land in East Brainerd

      Land with many potential uses in a convenient location.
      8931 E Brainerd Rd, Chattanooga, TN 37421
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      5406 Hunter Rd, Chattanooga, TN 37421
      View Details
    • $4,999,000
      21.07 Acres

      East Brainerd Land Opportunity

      21.07 acres in prime location with development potential.
      7610 Standifer Gap Rd, Chattanooga, TN 37421
      View Details
    • New
      $365,000
      Pending

      Chattanooga Duplex with Garages

      Duplex in Chattanooga with garages and laundry hookups.
      6501 Ballard Dr, Chattanooga, TN 37421
      View Details
    • New
      $449,900
      2,700 SF

      East Brainerd Income Producing Duplex

      Income-producing duplex in desirable East Brainerd location with strong rental potential.
      1422 Stratton Place Dr, Chattanooga, TN 37421
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Corner Outparcel on Brainerd Road

      Hard corner outparcel on retail corridor, suitable for QSR.
      5956 Brainerd Rd, Chattanooga, TN 37421
      View Details
    • Contact for pricing

      Chattanooga Land Lease Opportunity

      Land lease with build-to-suit option in Chattanooga.
      7014 Amin Dr, Chattanooga, TN 37421
      View Details
    • Contact for pricing

      Prime Land Near High-Traffic Walmart

      Land with high visibility and accessibility in a retail market.
      8021 E Brainerd Rd, Chattanooga, TN 37421
      View Details
    • $30 SF/Yr
      2,775 SF

      Hamilton Place Medical Office Space

      Single-tenant medical office, 2775 sq ft.
      7446 Shallowford Rd, Chattanooga, TN 37421
      View Details
    • Contact for pricing

      Class A Office/Medical Suites

      Office or medical suites available in corporate center.
      1208 Pointe Center Dr, Chattanooga, TN 37421
      View Details
    • Contact for pricing

      East Brainerd Road Corner Unit

      Office/retail space with reception, offices, and creative workspace.
      7401 E Brainerd Rd, Chattanooga, TN 37421
      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.
    Morris Hill Rd
    Chattanooga, TN 37421
    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
    Morris Hill Rd, Chattanooga, TN, 37421
    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!