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    5407 Hixson Pike Chattanooga, TN 37343
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    5407 Hixson Pike, Chattanooga, TN 37343

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    • Retail properties & Spaces
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    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5407 Hixson Pike

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This recently renovated, two-story Class B office/retail building at 5407 Hixson Pike in Chattanooga, Tennessee, 37343 offers multiple tenancy options. Located in the Hixson submarket, this property boasts high visibility and traffic counts of approximately 30,000 vehicles per day, making it ideal for a variety of businesses. The building features ample shared parking (34 spaces) with convenient front and rear access, and two entrances for easy ingress and egress. Suites range in size from 1100 to 1800 square feet and are move-in ready, featuring newly installed flooring, lighting, bathrooms, and cabinetry with sinks. The property is zoned C-2 and is suitable for traditional office, executive office, coworking, medical office, or creative office uses. This exceptional location on Hixson Pike, a main artery for the surrounding residential and commercial area, ensures maximum exposure and convenient access for your business. The building has no elevators.

    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
    -85.2303
    Latitude
    35.142

    Comparable in this City

    • Value Estimation by Request
      1,816 SF

      4704 Hixson Pike

      Multifamily properties
      4704 Hixson Pike, Chattanooga, TN 37343
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    • Value Estimation by Request
      4,800 SF

      6415 Hixson Pike

      Individual retail properties
      6415 Hixson Pike, Chattanooga, TN 37343
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      3,124 SF

      5466 Hixson Pike

      Office Units
      5466 Hixson Pike, Chattanooga, TN 37343
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    • Value Estimation by Request
      2.00 Acres

      5026 Old Godsey Ln

      Medical space
      5026 Old Godsey Ln, Chattanooga, TN 37343
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    • Value Estimation by Request
      7,630 SF

      5301 Tn-153

      Restaurants
      5301 Tn-153, Chattanooga, TN 37343
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    • Value Estimation by Request
      20.00 Acres

      1466 Dahl Spg Ln

      Retail properties & Spaces
      1466 Dahl Spg Ln, Chattanooga, TN 37343
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    Similar Nearby for Sale

    • Contact for pricing

      Hixson Retail Land For Sale

      3.35 acres of retail land available in Hixson, Tennessee.
      5400 Tn-153, Hixson, TN 37343
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    • $429,000
      0.54 Acres

      Hixson Commercial Lot with Drive-Thru

      High-visibility commercial lot approved for drive-thru in Hixson, TN.
      5468 Old Hixson Pike, Hixson, TN 37343
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    • Contact for pricing
      1,875 SF

      Hixson Pike Drive-Thru Opportunity

      Adaptable commercial building with drive-thru on Hixson Pike.
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      4,428 SF

      Hixson Pike Restaurant/Retail Space

      Restaurant/retail space on Hixson Pike, includes established business.
      5149 Hixson Pike, Chattanooga, TN 37343
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    • $339,000

      Hixson Duplex: Investor Opportunity

      Tenant-occupied duplex in Hixson with separate entrances and driveways.
      5227 Hickory Nut Ln, Hixson, TN 37343
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    • $149,900
      7.21 Acres

      Hixson Land Investment Opportunity

      7+ acre land parcel in Hixson, Tennessee, for sale.
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    Similar Nearby for Lease

    • $14 SF/Yr

      Hixson Office/Medical Space Available

      Excellent office/medical space in Hixson, available 1/1/2021.
      5819 Winding Ln, Hixson, TN 37343
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    • Contact for pricing

      Flex/Retail/Office Space Available

      4,000 SF flex/retail/office space in Hixson, Tennessee.
      4860 Hixson Pike, Hixson, TN 37343
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      8530 Hixson Pike, Lakesite, TN 37343

      Shopping centers
      8530 Hixson Pike, Lakesite, TN 37343
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      Hixson Medical/Office Anchor Tenant

      Medical/office space available for lease in Hixson area.
      5022 Old Godsey Ln, Chattanooga, TN 37343
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      1,200 SF

      Hixson Pike Endcap Restaurant Space

      Endcap restaurant space available for rent on Hixson Pike.
      8530 Hixson Pike, Hixson, TN 37343
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    • Contact for pricing

      Former Retail Space in Hixon

      Stand-alone retail space available for rent in Hixon, Tennessee.
      5704 Highway 153, Hixson, TN 37343
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    Chattanooga, TN 37343
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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.

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