Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1461 N Mack Smith Rd East Ridge, TN 37412
    Back to Search
    Property profile & analytics

    1461 N Mack Smith Rd, East Ridge, TN 37412

    View on Map
    • Bars & Pubs
    • 10,148 SF
    • 2.00 lot acres
    For Lease
    View Listing →
    Restaurant Redevelopment Opportunity For Lease
    Contact for pricing
    5,000 SF

    Restaurant Redevelopment Opportunity

    Redevelopment opportunity in East Ridge near Red Wolves Stadium.

    1461 N Mack Smith Rd, East Ridge, TN 37412
    View Listing
    Property ID
    US80-1543622
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Bars & Pubs

    Property Details for 1461 N Mack Smith Rd

    Year built
    1998
    Lot size
    2.00 lot acres
    Property type
    Bars & Pubs
    Property subtype
    Pubs

    Description

    This exceptional 10,148-square-foot retail property, situated on a two-acre lot in Chattanooga, Tennessee, presents a unique investment or redevelopment opportunity. Built in 1998, this single-story building is zoned C-2 and boasts ample parking. The property's strategic location near I-75, Exit 1, places it at the gateway to the Red Wolf Soccer Stadium and offers easy access to Camp Jordan Park, various entertainment venues, and numerous Chattanooga attractions, including Lookout Mountain and North Georgia. The site is within a Border Region Incentive Zone and benefits from planned municipal improvements. Up to 5,000 square feet is available for lease, making it ideal for a restaurant, quick-serve establishment, specialty service business, or a larger-scale redevelopment project. The existing building offers 10,148 square feet of net rentable space, with tenant improvements negotiable. A long-term lease is available. This property presents significant upside potential for investors and businesses alike. All information is believed to be accurate but should be independently verified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.208791674319
    Latitude
    34.99031448241

    Comparable in this City

    • Contact for pricing
      5,708 SF

      East Ridge Mixed-Use Commercial Property

      Versatile commercial property with office and garage space in East Ridge.
      1509 Maxwell Rd, East Ridge, TN 37412
      View Details
    • Contact for pricing
      2,017 SF

      Renovated Corner Commercial Property

      High-visibility, renovated commercial property ideal for offices or mixed-use.
      1502 Tombras Ave, East Ridge, TN 37412
      View Details
    • $359,000
      1,919 SF

      Commercial Retail and Office Building

      Commercially zoned building with storefront visibility, office space, and a full kitchen for flexible service or retail use.
      1507 Maxwell Rd, Chattanooga, TN 37412
      View Details
    • $425,000
      1,740 SF

      East Ridge Office Building

      1,740 sq ft Office, Updated 2024
      1502 Tombras Ave, Chattanooga, TN 37412
      View Details
    • Contact for pricing
      16,000 SF

      Income Producing Investment Opportunity

      Prime location in growing Chattanooga, TN.
      1420 Armour Dr, East Ridge, TN 37412
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,708 SF

      East Ridge Mixed-Use Commercial Property

      Versatile commercial property with office and garage space in East Ridge.
      1509 Maxwell Rd, East Ridge, TN 37412
      View Details
    • Contact for pricing
      2,017 SF

      Renovated Corner Commercial Property

      High-visibility, renovated commercial property ideal for offices or mixed-use.
      1502 Tombras Ave, East Ridge, TN 37412
      View Details
    • $359,000
      1,919 SF

      Commercial Retail and Office Building

      Commercially zoned building with storefront visibility, office space, and a full kitchen for flexible service or retail use.
      1507 Maxwell Rd, Chattanooga, TN 37412
      View Details
    • Contact for pricing
      0.68 Acres

      East Ridge Land For Sale

      0.68-acre lot in growing East Ridge community.
      Yale St, East Ridge, TN 37412
      View Details
    • Contact for pricing
      1,800 SF

      Renovated Duplex in East Ridge

      Fully renovated duplex in booming East Ridge, Tennessee.
      5302 Dupont St, Chattanooga, TN 37412
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Restaurant Redevelopment Opportunity

      Redevelopment opportunity in East Ridge near Red Wolves Stadium.
      1461 N Mack Smith Rd, East Ridge, TN 37412
      View Details
    • Contact for pricing

      East Ridge Shopping Center Redevelopment

      Redevelopment opportunity near Food City with retail and office space.
      3701 Ringgold Rd, Chattanooga, TN 37412
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Near Chattanooga Hotspots

      Retail space in high-traffic area near Topgolf and Bass Pro.
      4340 Ringgold Rd, East Ridge, TN 37412
      View Details
    • Contact for pricing

      Versatile Showroom Warehouse Flex Space

      Showroom, warehouse, and flex space with high visibility.
      5705 Ringgold Rd, Chattanooga, TN 37412
      View Details
    • $10 SF/Yr

      East Ridge Retail Spaces Available

      Multiple retail spaces available in prime East Ridge location.
      6725 Ringgold Rd, East Ridge, TN 37412
      View Details
    • Contact for pricing

      Retail Development at Jordan Crossing

      Retail, restaurant, and hotel spaces available in high-traffic development.
      500 Camp Jordan Pkwy, East Ridge, TN 37412
      View Details
    View Listing
    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.
    1461 N Mack Smith Rd
    East Ridge, TN 37412
    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
    1461 N Mack Smith Rd, East Ridge, TN, 37412
    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!