Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1770 Thrasher Pike Middle Valley, TN 37343
    Back to Search
    Property profile & analytics

    1770 Thrasher Pike Middle Valley, TN 37343

    View on Map
    • Residential income homes
    • 4,208 SF
    Off-Market
    Property ID
    US80-0956044
    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

    • Residential income homes

    Property Details for 1770 Thrasher Pike

    Year built
    2005
    Property size
    4,208 SF
    Property type
    Residential income homes

    Description

    This exceptional investment opportunity features two beautifully renovated, side-by-side townhomes located in Hixson, Tennessee, at 1770 Thrasher Pike, 37343. Each unit offers three spacious bedrooms and two and a half modern bathrooms, perfect for families or long-term renters. Recently renovated in 2024, these townhomes boast stylish finishes including new flooring, fresh paint, and contemporary fixtures, minimizing maintenance and maximizing tenant appeal. The combined square footage of both units totals 4,208 square feet. Each unit provides three parking spaces. Built in 2005, these properties are situated in a thriving community with easy access to downtown Chattanooga and nearby lakes, offering residents convenient access to dining, shopping, and recreational activities. The well-designed floor plans feature open living spaces, ample storage, and private outdoor areas. Hixson's friendly atmosphere, excellent schools, and convenient amenities make it a highly desirable location. This portfolio presents a fantastic opportunity for steady cash flow and long-term appreciation, ideal for adding to an existing portfolio or beginning an investment journey. The asking price for this multifamily, Class C property is $678,000.

    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
    Middle Valley
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1833523
    Latitude
    35.1821833

    Comparable in this City

    • $339,000

      Hixson Duplex: Investor Opportunity

      Tenant-occupied duplex in Hixson with separate entrances and driveways.
      5227 Hickory Nut Ln, Hixson, TN 37343
      View Details
    • New
      $310,000
      Pending

      Hixson Duplex For Sale

      Duplex in Hixson with new roof and windows.
      4705 Clover Ln, Hixson, TN 37343
      View Details
    • $1,667,000

      Highway 153 Land Opportunity

      Land available on Highway 153 in Hixson, Tennessee.
      5114 Highway 153, Hixson, TN 37343
      View Details
    • $250,000
      Pending

      Hixson Land Development Opportunity

      Pristine cul-de-sac lot in established Hixson subdivision.
      6908 Cathedral Ct, Hixson, TN 37343
      View Details
    • New
      $149,900
      7.21 Acres

      Hixson Land Investment Opportunity

      7+ acre land parcel in Hixson, Tennessee, for sale.
      4810 Delashmitt Rd, Hixson, TN 37343
      View Details
    • Contact for pricing

      Paved Land Near Hospital

      0.97 acre paved land ideal for medical or office development.
      5020 Old Godsey Ln, Chattanooga, TN 37343
      View Details

    Similar Nearby for Sale

    • $339,000

      Hixson Duplex: Investor Opportunity

      Tenant-occupied duplex in Hixson with separate entrances and driveways.
      5227 Hickory Nut Ln, Hixson, TN 37343
      View Details
    • New
      $310,000
      Pending

      Hixson Duplex For Sale

      Duplex in Hixson with new roof and windows.
      4705 Clover Ln, Hixson, TN 37343
      View Details
    • $1,667,000

      Highway 153 Land Opportunity

      Land available on Highway 153 in Hixson, Tennessee.
      5114 Highway 153, Hixson, TN 37343
      View Details
    • $250,000
      Pending

      Hixson Land Development Opportunity

      Pristine cul-de-sac lot in established Hixson subdivision.
      6908 Cathedral Ct, Hixson, TN 37343
      View Details
    • New
      $149,900
      7.21 Acres

      Hixson Land Investment Opportunity

      7+ acre land parcel in Hixson, Tennessee, for sale.
      4810 Delashmitt Rd, Hixson, TN 37343
      View Details
    • Contact for pricing

      Paved Land Near Hospital

      0.97 acre paved land ideal for medical or office development.
      5020 Old Godsey Ln, Chattanooga, TN 37343
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Retail Space in Hixon

      Stand-alone retail space available for rent in Hixon, Tennessee.
      5704 Highway 153, Hixson, TN 37343
      View Details
    • Contact for pricing

      Hixson Medical/Office Anchor Tenant

      Medical/office space available for lease in Hixson area.
      5022 Old Godsey Ln, Chattanooga, TN 37343
      View Details
    • $11 SF/Yr
      1,200 SF

      Hixson Pike Endcap Restaurant Space

      Endcap restaurant space available for rent on Hixson Pike.
      8530 Hixson Pike, Hixson, TN 37343
      View Details
    • $35 SF/Yr

      Retail Space in Hixson Crossing

      Retail suite available in Hixson Crossing Shopping Center.
      5550 Tennessee 153, Chattanooga, TN 37343
      View Details
    • Contact for pricing

      Regional Shopping Center Space Available

      Retail space in Hixson's centrally located Northtowne Centre.
      5450 Highway 153, Hixson, TN 37343
      View Details
    • Contact for pricing

      Hixson Retail Space Available

      Retail spaces available, ranging from 1,600 to 30,078 SqFt.
      5760 Tn-153, Hixson, TN 37343
      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.
    1770 Thrasher Pike
    Middle Valley, TN 37343
    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
    1770 Thrasher Pike, Middle Valley, TN, 37343
    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!