Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$675,000
Office Spaces
3888 Hixson Pike Chattanooga, TN 37415-3562
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US80-3551184
Property summary
AI-generated overview
This exceptional 3,335 sq ft Class A commercial property, located at 3888 Hixson Pike in Chattanooga, Tennessee, presents a unique investment opportunity. Built in 2000 and renovated in 2007, this single-story building sits on a 0.63-acre lot and is currently vacant. The property boasts a desirable C2 zoning, allowing for diverse commercial uses including bank, medical office, or restaurant. Its prime location on Hixson Pike offers excellent visibility and accessibility, with an AADT of approximately 19,457 (2023). The area provides convenient access to shopping (including Northgate Mall), dining, recreation, and community services. This property is ideal for entrepreneurs and investors seeking a strategic location in Chattanooga's thriving market. The ample space allows for customization to suit various business needs. The property's APN is 118C G 006 and the asking price is $1,350,000. This is a rare opportunity to acquire a well-located, versatile commercial property in a high-traffic area.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1966
Total area
3,335 SF
Lot
0.64 ac (28,000 SF)
Zoning code
C2
APN
118C G 006
UPID
US80-3551184
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Euro Med Spa Spa & Massage Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$677k
Blend (final)
Blend
$675k
Owner & transaction history
Iqbal Investments LLC · 18 yrs held
Iqbal Investments LLC
since 2007
7 recorded transactions
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$830,000
+69.0%
Auto repair, garage
$710,000
+44.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chattanooga submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chattanooga submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$490,000
Current use
MEDICAL BUILDING
$830,000
Change: +69% · Conversion: Easy
AUTO REPAIR, GARAGE
$710,000
Change: +44% · Conversion: Difficult
RETAIL STORES
$405,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$675k
Range $608k – $743k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$202 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,740
Tax year 2023
Assessed value
$211,840
Assessed 2023
Previous assessed
$211,840
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$195,600
Improvement market value
$334,000
Total market value
$529,600
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1966
Heating
YES
Stories
1
Total area
3,335 SF
Lot
0.64 ac (28,000 SF)
Zoning code
C2
APN
118C G 006
UPID
US80-3551184
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Chattanooga, TN
Zoning C2 · permitted uses
C2 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chattanooga. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$490,000
MEDICAL BUILDING
Est. value
$830,000
AUTO REPAIR, GARAGE
Est. value
$710,000
RETAIL STORES
Est. value
$405,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Heating
YES
Stories
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Iqbal Investments LLC
Entity
Mailing address
3319 FRST SHADOWS DR, CHATTANOOGA, TN 37421-2801
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2026
—
Iqbal Investments LLC
—
Deed
related
$700,000 · Pinnacle Bank
Aug 26, 2019
—
Iqbal Investments LLC
—
Deed
related
$556,000 · First Citizens Bk
Sep 28, 2007
—
Iqbal Investments LLC
Iqbal,shahid
Quit Claim Deed
related
$446,250 · Regions Bank
Jul 5, 2007
$370,000
Shahid Iqbal
Bowman,william L
Grant Deed
$314,500 · Regions Bank
Apr 16, 2007
—
William L Bowman
Hammon,e M JR
Quit Claim Deed
related
—
—
—
Iqbal Investments LLC
—
Deed Of Trust
related
$486,950 · Capitalmark Bank & Trust
—
—
Iqbal Investments LLC
—
Deed Of Trust
related
$518,000 · Capitalmark Bank & Trust
—
—
Iqbal Investments LLC
—
Deed Of Trust
related
$556,000 · First Citizens Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3888 Hixson Pike?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
