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    3805 Cummings Hwy Chattanooga, TN 37419
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    3805 Cummings Hwy Chattanooga, TN 37419

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    • Turn key restaurants
    • 1,616 SF
    • 0.49 lot acres
    For Lease
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    Restaurant Space Near Interstate I-24 For Lease
    Contact for pricing

    Restaurant Space Near Interstate I-24

    Restaurant space available near I-24 and downtown.

    3805 Cummings Hwy, Chattanooga, TN 37419
    View Listing
    Property ID
    US80-1752868
    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

    • House of Teriyaki TN / Restaurant

    Property Details for 3805 Cummings Hwy

    Year built
    1989
    Lot size
    0.49 lot acres
    Property size
    1,616 SF
    Zone code
    C1
    Property type
    Turn key restaurants
    APN
    154H A 001.01
    APU
    154HA00101

    Description

    This exceptional restaurant opportunity is located at 3805 Cummings Highway in Chattanooga, Tennessee, a high-visibility site on a major thoroughfare. The property boasts a total building area of 1,616 square feet situated on a 0.55-acre lot. Its convenient location offers easy access to Interstate 24, specifically Exit 174, placing it just minutes from downtown Chattanooga. The property is zoned C2, providing flexibility for various commercial uses. The Hamilton County property, APN 154H A 001.01, presents a single-tenant occupancy structure, ideal for an established restaurant or a new venture seeking a prime location. The previous occupant was a Waffle House, indicating a proven track record of success at this address. This presents a unique chance to capitalize on an existing infrastructure and established customer base in a thriving area. The property's size and location make it an attractive investment for those seeking a high-traffic, easily accessible restaurant space in the heart of Chattanooga. Serious inquiries are encouraged.

    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
    -85.3854
    Latitude
    35.0198
    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
    $3,736
    $0.00
    $0.00
    $167,000
    -
    $215,600
    $201,900
    $417,500

    Comparable in this City

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      10,788 SF

      50 Birmingham Hwy

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    • Value Estimation by Request
      2,269 SF

      2536 Cummings Hwy

      RESTAURANT • 2,269 SF
      2536 Cummings Hwy, Chattanooga, TN 37419-1825
      View Details
    • Value Estimation
      $2,885,000
      6,524 SF

      3592 Cummings Hwy

      RESTAURANT • 6,524 SF
      3592 Cummings Hwy, Chattanooga, TN 37419-2311
      View Details
    • Value Estimation
      $950,000
      1,800 SF

      340 Birmingham Hwy

      RESTAURANT • 1,800 SF
      340 Birmingham Hwy, Chattanooga, TN 37419
      View Details
    • Value Estimation by Request
      1,699 SF

      3100 Cummings Hwy

      RESTAURANT • 1,699 SF
      3100 Cummings Hwy, Chattanooga, TN 37419-2358
      View Details
    • Value Estimation
      $1,800,000
      68,082 SF

      3800 Cummings Hwy

      RESTAURANT • 68,082 SF
      3800 Cummings Hwy, Chattanooga, TN 37419-2202
      View Details

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      7 Acres Prime Industrial Land

      7 acres of M-1 zoned industrial land ready for development.
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      High-Traffic Retail Strip Center

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      Restaurant Space Near Interstate I-24

      Restaurant space available near I-24 and downtown.
      3805 Cummings Hwy, Chattanooga, TN 37419
      View Details
    • Contact for pricing

      Expandable Storage Lot For Rent

      Empty storage lot for rent, expandable up to 15 acres.
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    Chattanooga, TN 37419
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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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    3805 Cummings Hwy, Chattanooga, TN, 37419
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