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    Property profile & analytics

    418 Lk Ave Rossville, GA 30741-1239

    • Industrial properties
    • 104,420 SF
    • 4.06 lot acres
    OFF-MARKET
    Last Sale
    Oct 12, 2022
    $2,648,000
    Value Estimations
    $2,605,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1929950
    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.

    Current Use by Public Records

    • TNT Parts / Truck Parts Supplier
    • Smith Millwork, INC. / Millwork Shop / Building Materials Supplier

    Property Details for 418 Lk Ave

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    4.06 lot acres
    Property size
    104,420 SF
    Zone code
    I2
    Property type
    Industrial properties
    APN
    2002 093
    APU
    2002093

    Description

    The Brockway Building, located at 418 W Lake Ave, Rossville, GA 30741, offers 119,478 square feet of industrial space across three, single-story buildings. This Class B property, built in 1990 and renovated in 2022, features 30-foot ceilings, 13 loading docks, and one drive-in. The minimum divisible space is 19,000 square feet, with a maximum contiguous space of 119,478 square feet. Situated on a 4.9-acre lot, the property is zoned I2 and benefits from its location in the Rossville submarket of Chattanooga, TN, a highly incentivized area with numerous planned redevelopment projects nearby. Its strategic location provides easy access to US Route 27, downtown Chattanooga (5.5 miles), and the Chattanooga Metro Airport (8.3 miles). This makes it an ideal location for businesses needing efficient transportation logistics. The property's multiple suites offer flexibility for various business needs. This is a rare opportunity to acquire a substantial industrial property in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,845,000
      ML approach
      $3,320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,273,000
      Market price range: $1.80M - $3.50M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $2,395,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rossville
    County
    Walker
    State
    Georgia
    Longitude
    -85.2931
    Latitude
    34.9823
    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
    $33,814
    $12,355
    $1,011,930
    $1,024,285
    -
    $30,888
    $2,529,825
    $2,560,713

    Comparable in this City

    • Value Estimation by Request
      13,120 SF

      1751 Mcfarland Ave

      INDUSTRIAL (GENERAL) • 13,120 SF
      1751 Mcfarland Ave, Rossville, GA 30741-2265
      View Details
    • Value Estimation by Request
      9,600 SF

      1313 Dry Vly Rd

      INDUSTRIAL (GENERAL) • 9,600 SF
      1313 Dry Vly Rd, Rossville, GA 30741-6155
      View Details
    • Value Estimation by Request
      12,750 SF

      1517 Happy Vly Rd

      INDUSTRIAL (GENERAL) • 12,750 SF
      1517 Happy Vly Rd, Rossville, GA 30741-2207
      View Details
    • Value Estimation by Request
      4,800 SF

      608 Salem Rd

      INDUSTRIAL (GENERAL) • 4,800 SF
      608 Salem Rd, Rossville, GA 30741-7125
      View Details
    • Value Estimation
      $1,350,000
      65,000 SF

      105 Maple St

      INDUSTRIAL (GENERAL) • 65,000 SF
      105 Maple St, Rossville, GA 30741-1287
      View Details
    • Value Estimation
      $825,000
      30,000 SF

      370 Direct Connection Dr

      INDUSTRIAL (GENERAL) • 30,000 SF
      370 Direct Connection Dr, Rossville, GA 30741-3757
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.17 Acres

      Residential Lots Near Chattanooga

      Residential lots ideal for building, investment, or rental development.
      01 7Th St, Rossville, GA 30741
      View Details
    • $525,000
      2,250 SF

      Versatile Commercial Space Near Chattanooga

      2,250 sq ft commercial space with high visibility.
      118 Howard Cir, Rossville, GA 30741
      View Details
    • Contact for pricing
      0.22 Acres

      Residential Lots Near Chattanooga

      Residential lots suitable for building, investment, or rental development.
      Gates St, Rossville, GA 30741
      View Details
    • Contact for pricing
      Pending

      Rossville Land with Development Potential

      0.39 acre lot zoned R2 near Fort Oglethorpe, GA.
      408 Hollywood Dr, Rossville, GA 30741
      View Details
    • New
      $35,000
      0.32 Acres

      Rossville, GA Land For Sale

      Land with road frontage, utilities available, convenient location.
      Msn Rdg Lot 1 Rd, Rossville, GA 30741
      View Details
    • $799,000
      2,262 SF

      Rossville, GA Retail Opportunity

      Prime Retail Space, Gas Station Potential
      2356 Cloud Springs Rd, Rossville, GA 30741
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      9,480 SF

      Rossville, GA Industrial Flex Space

      9,480 SF Flex Warehouse, 0.42 Acres
      120 Lake Ave, Rossville, GA 30741
      View Details
    • $5 SF/Yr
      204,000 SF

      Rossville, GA Industrial Space

      Versatile industrial space, 1,200-94,000 SF
      105 Maple St, Rossville, GA 30741
      View Details
    • $10 SF/Yr
      8,156 SF

      Rossville Historic Office Building

      Downtown Rossville Office Space - 1,500-8,156 SF
      201 Chickamauga Ave, Rossville, GA 30741
      View Details
    • $13 SF/Yr
      19,663 SF

      Professional Office Suites Available

      Office suites for lease near Chattanooga and the Georgia state line.
      403 Chickamauga Ave, Rossville, GA 30741
      View Details
    • $12 SF/Yr
      4,000 SF

      Rossville Retail Space for Lease

      Prime Rossville location, two spaces available.
      115 Chickamauga Ave, Rossville, GA 30741
      View Details
    • $9 SF/Yr
      31,419 SF

      Rossville Retail Space For Lease

      31,419 SF retail space in Rossville's commercial corridor.
      319 Chickamauga Ave, Rossville, GA 30741
      View Details
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    418 Lk Ave
    Rossville, GA 30741-1239
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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.

    More about this property
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