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    1845 Dana Ln Chattanooga, TN 37343
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    Property profile & analytics

    1845 Dana Ln, Chattanooga, TN 37343

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    • Commercial real estate
    • 4,260 SF
    Off-Market
    Property ID
    US80-0991386
    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

    • Commercial real estate

    Property Details for 1845 Dana Ln

    Year built
    1969
    Property type
    Commercial real estate

    Description

    This well-maintained, two-story quadplex in Hixson, Tennessee offers a compelling investment opportunity for both owner-occupants and investors. Built in 1969, the 4,260 square foot Class B multifamily property boasts four units, with one currently vacant, providing immediate potential for rental income generation or personal use. The property's location in Hamilton County, at 1845 Dana Ln, Chattanooga, TN 37343, offers convenient access to downtown Chattanooga, local amenities, schools, shopping, and major highways, making it highly attractive to tenants. The existing three occupied units provide a steady stream of rental income, while the vacant unit allows for immediate value-add potential. This owner/user investment presents a unique chance to combine personal living space with a profitable rental venture. The property is classified as an apartment building and is a turnkey investment for the house-hacking investor. Further details regarding tenant ledgers, current leases, and work orders are available upon request.

    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
    -85.2660886
    Latitude
    35.1277322

    Comparable in this City

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      Hixson Land Development Opportunity

      Pristine cul-de-sac lot in established Hixson subdivision.
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    • $149,900
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      Hixson Land Investment Opportunity

      7+ acre land parcel in Hixson, Tennessee, for sale.
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      Highway 153 Land Opportunity

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      2.65 Acres Near Wal-Mart

      2.65 acres with potential commercial rezoning near Wal-Mart.
      1711 Thrasher Pike, Hixson, TN 37343
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    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
    • $389,000
      2,872 SF

      Hixson Duplex: Investment Opportunity

      Upgraded Hixson duplex, ideal for investment or multigenerational living.
      5758 Taggart Dr, 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
    • $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
    • $1,667,000

      Highway 153 Land Opportunity

      Land available on Highway 153 in Hixson, Tennessee.
      5114 Highway 153, Hixson, TN 37343
      View Details
    • Contact for pricing

      2.65 Acres Near Wal-Mart

      2.65 acres with potential commercial rezoning near Wal-Mart.
      1711 Thrasher Pike, Hixson, TN 37343
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Former Retail Space in Hixon

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      1,200 SF

      Retail Space in Hixson Crossing

      Retail suite available in Hixson Crossing Shopping Center.
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      Hixson Medical/Office Anchor Tenant

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      Hixson Pike Endcap Restaurant Space

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      Retail Space in Hixson Crossing

      Retail suite available in Hixson Crossing Shopping Center.
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      Regional Shopping Center Space Available

      Retail space in Hixson's centrally located Northtowne Centre.
      5450 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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