Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2206 Hamill Rd Hixson, TN 37343-4056
    Back to Search
    Property profile & analytics

    2206 Hamill Rd, Hixson, TN 37343-4056

    View on Map
    • Office Spaces
    • 9,664 SF
    • 1.50 lot acres
    Off-Market
    Last Sale Feb 25, 2022
    Property ID
    US80-3109443
    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
    $890,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 2206 Hamill Rd

    Year built
    1921
    Lot size
    1.50 lot acres
    Zone code
    C2
    Property type
    Office Spaces
    APN
    110J E 001
    APU
    110JE001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 25, 2022 — Laurence William Harwood JR Laurence W Harwood JR Intrafamily Transfer · related —
    Jun 25, 2021 — R4eagan Outdoor Advertising LLC Laurence W Harwood JR Lease —
    May 17, 1996 — Laurence W Harwood JR. — Deed Of Trust · related —
    Jun 1, 1994 $45,000 Harwood International INC Unknown Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $889,000
      Market price range: $890k - $2.14M
      AI Estimate
      $889,000
      Market price range: $890k - $2.14M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,420,000
      Current use
      RETAIL STORES
      $1,315,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hixson
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2332
    Latitude
    35.1241
    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
    $3,637
    $0.00
    $0.00
    $162,560
    -
    $233,600
    $172,800
    $406,400

    Comparable in this City

    • Value Estimation by Request
      3,276 SF

      6218 Dayton Blvd

      OFFICE (GENERAL)
      6218 Dayton Blvd, Hixson, TN 37343-2799
      View Details
    • Value Estimation by Request
      3,100 SF

      6135 Dayton Blvd

      OFFICE (GENERAL)
      6135 Dayton Blvd, Hixson, TN 37343
      View Details
    • Value Estimation by Request
      292,937 SF

      6208 Rivoli Dr

      OFFICE (GENERAL)
      6208 Rivoli Dr, Hixson, TN 37343-4790
      View Details
    • Value Estimation by Request
      7,630 SF

      5301 Tn-153

      Restaurants
      5301 Tn-153, Chattanooga, TN 37343
      View Details
    • Value Estimation
      $855,000
      5,190 SF

      5461 Hixson Pike

      OFFICE (GENERAL)
      5461 Hixson Pike, Hixson, TN 37343-3238
      View Details
    • Value Estimation by Request
      1,816 SF

      4704 Hixson Pike

      OFFICE (GENERAL)
      4704 Hixson Pike, Hixson, TN 37343-4840
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,569 SF

      Flexible Commercial Building

      Small building on a sizable lot along a high-traffic corridor supports multiple business types and everyday parking needs.
      4517 Hixson Pike, Hixson, TN 37343
      View Details
    • Contact for pricing
      1,875 SF

      Hixson Pike Drive-Thru Opportunity

      Adaptable commercial building with drive-thru on Hixson Pike.
      5237 Hixson Pike, Chattanooga, TN 37343
      View Details
    • $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
    • $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

    Similar Nearby for Lease

    • Contact for pricing

      8530 Hixson Pike, Lakesite, TN 37343

      Shopping centers
      8530 Hixson Pike, Lakesite, 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
    • $14 SF/Yr

      Hixson Office/Medical Space Available

      Excellent office/medical space in Hixson, available 1/1/2021.
      5819 Winding Ln, Hixson, TN 37343
      View Details
    • Contact for pricing

      Flex/Retail/Office Space Available

      4,000 SF flex/retail/office space in Hixson, Tennessee.
      4860 Hixson Pike, Hixson, TN 37343
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Hixson Crossing

      Retail suite available in Hixson Crossing Shopping Center.
      5550 Tn-153, Hixson, TN 37343
      View Details
    • Contact for pricing
      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
    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.
    2206 Hamill Rd
    Hixson, TN 37343-4056
    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
    2206 Hamill Rd, Hixson, 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!