Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    2120 Northgate Park Ln Chattanooga, TN 37415-6937
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2120 Northgate Park Ln Chattanooga, TN 37415-6937

    View on Map
    • Office properties & Spaces
    • 38,400 SF
    • 2.30 lot acres
    Off-Market
    Property ID
    US80-0996518
    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
    $4,595,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 2120 Northgate Park Ln

    Year built
    1974
    Lot size
    2.30 lot acres
    Property size
    38,400 SF
    Zone code
    C2
    Property type
    Office properties & Spaces
    APN
    110H E 004.03
    APU
    110HE00403

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,594,000
      Market price range: $2.33M - $7.80M
      AI Estimate
      $4,594,000
      Market price range: $2.33M - $7.80M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $5,645,000
      Current use
      RETAIL STORES
      $4,665,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2408
    Latitude
    35.1339
    CBSA code
    16860
    CBSA name
    CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,238
    $0.00
    $0.00
    $1,128,040
    -
    $1,228,400
    $1,591,700
    $2,820,100

    Comparable in this City

    • Value Estimation by Request
      1,462 SF

      4129 Hixson Pike

      OFFICE (GENERAL) • 1,462 SF
      4129 Hixson Pike, Chattanooga, TN 37415-3111
      View Details
    • Value Estimation by Request
      900 SF

      3703 Hixson Pike

      OFFICE (GENERAL) • 900 SF
      3703 Hixson Pike, Chattanooga, TN 37415-3552
      View Details
    • Value Estimation by Request
      2,018 SF

      5964 Dayton Blvd

      OFFICE (GENERAL) • 2,018 SF
      5964 Dayton Blvd, Chattanooga, TN 37415-1212
      View Details
    • Value Estimation by Request
      3,740 SF

      2200 Dayton Blvd

      OFFICE (GENERAL) • 3,740 SF
      2200 Dayton Blvd, Chattanooga, TN 37415-6416
      View Details
    • Value Estimation by Request
      2,600 SF

      4315 Dayton Blvd

      OFFICE (GENERAL) • 2,600 SF
      4315 Dayton Blvd, Chattanooga, TN 37415-2711
      View Details
    • Value Estimation
      $535,000
      4,000 SF

      3837 Hixson Pike

      OFFICE (GENERAL) • 4,000 SF
      3837 Hixson Pike, Chattanooga, TN 37415-3563
      View Details

    Similar Nearby for Sale

    • $560,000

      Renovated Leased Retail/Office Building

      Fully leased, renovated retail/office building with long-term tenants.
      3702 Dayton Blvd, Chattanooga, TN 37415
      View Details
    • Contact for pricing
      1,446 SF

      Chattanooga Office Building For Sale

      Office building with land and additional lot near amenities.
      1360 Highland Rd, Chattanooga, TN 37415
      View Details
    • Contact for pricing
      13,509 SF

      Prime Commercial Opportunity in Chattanooga

      Versatile commercial property in a sought-after Chattanooga location.
      1007 Ashland Ter, Chattanooga, TN 37415
      View Details
    • Contact for pricing
      Pending

      Vacant Lot on Main Road

      Vacant lot with billboard income potential in Chattanooga, Tennessee.
      109 Morrison Springs Rd, Chattanooga, TN 37415
      View Details
    • $289,000
      0.66 Acres

      Land Near Walden's Ridge Park

      Residential land near park with mountain biking and rock-climbing.
      1009 Reads Lake Rd, Chattanooga, TN 37415
      View Details
    • New
      $1,200,000
      1.60 Acres

      Premier Land with Panoramic Views

      Rare 1.6+/- acre homesite with stunning views in Chattanooga.
      1111 Rivercrest Dr, Chattanooga, TN 37415
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Hixson Pike Commercial Opportunity

      Prime location with convenient access and great visibility.
      3405 Hixson Pike, Chattanooga, TN 37415
      View Details
    • Contact for pricing

      Neighborhood Shopping Center For Rent

      129,071 SF shopping center anchored by Walmart, Big Lots.
      3901 Hixson Pike, Chattanooga, TN 37415
      View Details
    • $17 SF/Yr

      Office Space on Ashland Terrace

      Single tenant office space available for rent.
      739 Ashland Ter, Chattanooga, TN 37415
      View Details
    • $12 SF/Yr
      2,017 SF

      Updated Retail Space Available

      Modern, updated retail space with frontage exposure on N Access Road.
      4202 N Access Rd, Chattanooga, TN 37415
      View Details
    • Contact for pricing

      Retail Space on Hixson Pike

      8,477 SF retail space on a bustling corridor.
      3600 Hixson Pike, Chattanooga, TN 37415
      View Details
    • $10 SF/Yr

      Retail Space on Hixson Pike

      8,477 SF retail space on a high-traffic corridor.
      3600 Hixson Pike, Chattanooga, TN 37415
      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.
    2120 Northgate Park Ln
    Chattanooga, TN 37415-6937
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!