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    5026 Old Godsey Ln Chattanooga, TN 37343

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    5026 Old Godsey Ln Chattanooga, TN 37343

    View on Map
    • Medical space
    • 2.00 lot acres
    Off-Market
    Property ID
    US80-1612732
    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

    • Medical space

    Property Details for 5026 Old Godsey Ln

    Lot size
    2.00 lot acres
    Property type
    Medical space

    Description

    This exceptional 2-acre commercial land parcel, located at 5026 Old Godsey Lane in Chattanooga, Tennessee, presents a unique investment opportunity. Boasting 330 feet of prime road frontage on Northpoint Boulevard, with additional access from Old Godsey Lane, this property offers unparalleled visibility and accessibility. The C2 zoning allows for a diverse range of uses, including retail, office, and medical facilities, making it ideal for a variety of development projects. Its strategic location, less than 200 feet from Memorial Hospital and near Northgate Mall and Ridgeview Apartments, ensures high traffic and visibility within a thriving medical and residential community. The site is conveniently located within one mile of major roadways including Highway 153, Dupont Parkway, and Hixson Pike, providing easy access for commuters and customers. All previous structures have been removed, and utilities are available, making this a development-ready site. The surrounding area is home to a significant number of businesses and employees, with a strong concentration in the healthcare sector. This property offers a compelling combination of location, zoning flexibility, and development readiness, making it an attractive investment in a rapidly growing area of Chattanooga, part of the Chattanooga, TN-GA Metropolitan Statistical Area. The property's proximity to numerous amenities, including major retailers and restaurants, further enhances its appeal. A full offering memorandum is available.

    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
    -85.2365496
    Latitude
    35.1268221

    Comparable in this City

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      Hixson Pike Drive-Thru Opportunity

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      Hixson Retail Land For Sale

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      Hixson Commercial Lot with Drive-Thru

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      7,192 SF

      Spacious Medical/Office Condo For Sale

      Large, versatile condo in Hixson's medical core, suitable for various uses.
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      Highway 153 Land Opportunity

      Land available on Highway 153 in Hixson, Tennessee.
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      Hixson Land Development Opportunity

      Pristine cul-de-sac lot in established Hixson subdivision.
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    Similar Nearby for Sale

    • $985,000
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      Hixson Pike Drive-Thru Opportunity

      Adaptable commercial building with drive-thru on Hixson Pike.
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      Hixson Retail Land For Sale

      3.35 acres of retail land available in Hixson, Tennessee.
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    • $429,000
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      Hixson Commercial Lot with Drive-Thru

      High-visibility commercial lot approved for drive-thru in Hixson, TN.
      5468 Old Hixson Pike, Hixson, TN 37343
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    • Contact for pricing
      7,192 SF

      Spacious Medical/Office Condo For Sale

      Large, versatile condo in Hixson's medical core, suitable for various uses.
      5022 Old Godsey Ln, Chattanooga, TN 37343
      View Details
    • $1,667,000

      Highway 153 Land Opportunity

      Land available on Highway 153 in Hixson, Tennessee.
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      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

    Similar Nearby for Lease

    • Contact for pricing

      8530 Hixson Pike, Lakesite, TN 37343

      Shopping centers
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      Hixson Medical/Office Anchor Tenant

      Medical/office space available for lease in Hixson area.
      5022 Old Godsey Ln, Chattanooga, TN 37343
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    • $14 SF/Yr

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      Excellent office/medical space in Hixson, available 1/1/2021.
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      Hixson Pike Endcap Restaurant Space

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      Regional Shopping Center Space Available

      Retail space in Hixson's centrally located Northtowne Centre.
      5450 Highway 153, Hixson, TN 37343
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    Chattanooga, TN 37343
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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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