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    2200 Morris Hl Rd Chattanooga, TN 37421-2818
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    Property profile & analytics

    2200 Morris Hl Rd Chattanooga, TN 37421-2818

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    • Assisted living facilities
    • 66,610 SF
    • 77.00 lot acres
    Off-Market
    Property ID
    US80-1221351
    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

    • Parkridge Valley Child & Adolescent Campus / Physician / Medical Clinic
    • Kevin R Ferguson Md / Physician / Medical Clinic
    • Carter John E MD / Physician
    • Rory Dial Justo / Physician
    • Lusk Howard L / Counselor

    Property Details for 2200 Morris Hl Rd

    Year built
    1973
    Lot size
    77.00 lot acres
    Property size
    66,610 SF
    Zone code
    A
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    149M A 006
    APU
    149MA006

    Description

    This exceptional 40-45 acre (exact size to be determined by survey) residential lot presents a remarkable development opportunity in Chattanooga's desirable East Brainerd submarket. Zoned R-1, this expansive property offers unparalleled flexibility for various residential projects, ranging from single-family homes to larger estate properties. Its prime location provides convenient access to the bustling Hamilton Place Mall and Gunbarrel Road commercial areas, ensuring strong appeal to developers seeking to capitalize on the thriving East Brainerd real estate market. The property's generous size allows for creative and expansive development plans, catering to a wide range of residential needs. Proximity to established amenities and conveniences further enhances its desirability. This is a rare opportunity to acquire a significant parcel of land in a highly sought-after Chattanooga neighborhood. The property is located at 2200 Morris Hill Rd, Chattanooga, TN 37421 (APN: 149M A 006). Please note that there is no signage on the property; unaccompanied visits are discouraged.

    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
    -85.1198
    Latitude
    35.0291
    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
    $39,983
    $0.00
    $0.00
    $1,787,110
    -
    $607,000
    $3,938,400
    $4,545,400

    Comparable in this City

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      7351 Courage Way

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    • Value Estimation
      $2,360,000
      35,545 SF

      8249 Standifer Gap Rd

      HOMES (RETIRED, NURSING) • 35,545 SF
      8249 Standifer Gap Rd, Chattanooga, TN 37421-5046
      View Details
    • Value Estimation
      $565,000
      2,466 SF

      8248 Standifer Gap Rd

      HOMES (RETIRED, NURSING) • 2,466 SF
      8248 Standifer Gap Rd, Chattanooga, TN 37421-5028
      View Details
    • Value Estimation by Request
      4,795 SF

      8021 Brainerd Rd

      Medical Office Space • 4,795 SF
      8021 Brainerd Rd, Chattanooga, TN 37421
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    • Value Estimation by Request
      33,758 SF

      1200 Pointe Center Dr

      Medical Office Space • 33,758 SF
      1200 Pointe Center Dr, Chattanooga, TN 37421
      View Details
    • Value Estimation
      $4,115,000
      15,834 SF

      1809 Gunbarrel Rd

      MEDICAL BUILDING • 15,834 SF
      1809 Gunbarrel Rd, Chattanooga, TN 37421-7185
      View Details

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      Prime real estate with excellent visibility in Chattanooga, Tennessee.
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      5,811 SF

      Retail Space on Gunbarrel Road

      5,811 SF retail building with high visibility.
      2120 Gunbarrel Rd, Chattanooga, TN 37421
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    • $286,350

      Office Warehouse Condo For Sale

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    Similar Nearby for Lease

    • $30 SF/Yr
      2,775 SF

      Hamilton Place Medical Office Space

      Single-tenant medical office, 2775 sq ft.
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      View Details
    • Contact for pricing

      Class A Office/Medical Suites

      Office or medical suites available in corporate center.
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    • Contact for pricing

      East Brainerd Road Corner Unit

      Office/retail space with reception, offices, and creative workspace.
      7401 E Brainerd Rd, Chattanooga, TN 37421
      View Details
    • $27 SF/Yr

      Retail Space Near I-75

      Multi-use retail space in new shopping center off I-75.
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      View Details
    • Contact for pricing

      East Brainerd Medical Office Suite

      2,498 SF medical suite available in April.
      1720 Gunbarrel Rd, Chattanooga, TN 37421
      View Details
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    Chattanooga, TN 37421-2818
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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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