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    Property profile & analytics

    1117 14Th St Chattanooga, TN 37408

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2515427
    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 1117 14Th St

    Property type
    Commercial real estate

    Description

    This exceptional 4,792.5 square foot residential lot, located at 1117 E 14th St, Chattanooga, TN 37408, presents a remarkable opportunity for builders and investors. Currently zoned RTZ, it's ideal for zero lot townhomes. The property boasts a convenient Southside location, within walking distance of numerous restaurants, businesses, and attractions. Just two blocks from Main Street and Central Ave, this area is experiencing significant revitalization with new residential and mixed-use developments. Enjoy proximity to the Chattanooga National Cemetery and several expansive parks, including the renowned Sculpture Fields at Montague Park, Jefferson Heights Park, and Warner Park (home to the Chattanooga Zoo). Nearby recreational amenities include the BlueCross Healthy Place at Highland Park. Popular local eateries such as OddStory Brewing, Kai Bistro, and Number Ten Steakhouse are also within easy reach. This lot (approximately 45x107 feet) can be purchased individually for $130,000 or as part of a larger acquisition encompassing adjacent lots for a total of 0.52 acres at a bulk price of $550,000. This presents a unique chance to capitalize on Chattanooga's thriving Southside, known as the "Park District" for its abundance of green spaces and vibrant community atmosphere.

    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
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2908979
    Latitude
    35.0311429

    Comparable in this City

    • $850,000
      0.41 Acres

      2642 Broad St

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    • $999,000
      4,352 SF

      Southside Multifamily Investment Opportunity

      Multi-family property in Chattanooga's Southside district with redevelopment potential.
      1921 Emerson Dr, Chattanooga, TN 37408
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    • $5,500,000
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      Downtown Chattanooga Multifamily Investment

      Historic 11-unit building, prime location.
      614 Main St, Chattanooga, TN 37408
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    • $4,900,000
      31,808 SF

      1809 Broad St

      Restaurants • 31,808 SF
      1809 Broad St, Chattanooga, TN 37408
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    • $469,000
      1,685 SF

      New Townhome in Southside

      Luxurious 3-bedroom townhome with modern amenities and two-car garage.
      1587 Adams St, Chattanooga, TN 37408
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    • $819,000
      2,178 SF

      End-Unit Townhome in Jefferson Heights

      Four bedroom townhome with premium finishes and community amenities.
      1572 Madison St, Chattanooga, TN 37408
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    Similar Nearby for Sale

    • $850,000
      0.41 Acres

      2642 Broad St

      Land • 0.41 Acres
      2642 Broad St, Chattanooga, TN 37408
      View Details
    • $4,900,000
      31,808 SF

      1809 Broad St

      Restaurants • 31,808 SF
      1809 Broad St, Chattanooga, TN 37408
      View Details
    • $469,000
      1,685 SF

      New Townhome in Southside

      Luxurious 3-bedroom townhome with modern amenities and two-car garage.
      1587 Adams St, Chattanooga, TN 37408
      View Details
    • $999,000
      4,352 SF

      Southside Multifamily Investment Opportunity

      Multi-family property in Chattanooga's Southside district with redevelopment potential.
      1921 Emerson Dr, Chattanooga, TN 37408
      View Details
    • $495,000
      2,286 SF

      Active STVR Townhouse in Chattanooga

      Three-bedroom, 2.5-bath townhouse with transferable permit in Slayton Crossing.
      1404 Slayton St, Chattanooga, TN 37408
      View Details
    • $469,000
      1,829 SF

      New Southside Townhome with Garage

      New 3-bedroom, 3.5-bath townhome in Southside with two-car garage.
      1617 Adams St, Chattanooga, TN 37408
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      1,829 SF

      New Townhome in Southside

      Luxurious 3-bedroom townhome with modern amenities and two-car garage.
      1617 Adams St, Chattanooga, TN 37408
      View Details
    • $28,800
      22,216 SF

      Chattanooga Commercial Land for Lease

      ½ Acre Lot, $1200/Month, Fenced
      2001 Long St, Chattanooga, TN 37408
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    • $20 SF/Yr
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      Southside Chattanooga Commercial Gem

      Historic Filling Station, Huge Potential
      2001 Long St, Chattanooga, TN 37408
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    • $20 SF/Yr
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      South Side Creative Office Space

      Historic building, prime location, high potential.
      2001 Long St, Chattanooga, TN 37408
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    • Contact for pricing
      6,614 SF

      Chattanooga Southside Retail Space Available

      Retail spaces available in Chattanooga's Southside landmark building.
      615 East Main Street Ext, Chattanooga, TN 37408
      View Details
    • $1,700 /Mo
      15,557 SF

      Office Space Near Downtown Chattanooga

      Office spaces available near downtown, walkable to amenities.
      2101 Chestnut St, Chattanooga, TN 37408
      View Details
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    1117 14Th St
    Chattanooga, TN 37408
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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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