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Property profile & analytics
OFF-MARKET
Estimated value
$8,000,000
Outlet malls
5230 Hwy 153 Hixson, TN 37343-4992
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1322950
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1979
Total area
79,259 SF
Lot
5.58 ac (243,065 SF)
Zoning code
C2
APN
110J A 023
UPID
US80-1322950
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.53M
Comparable Approach
Comparable
$8.50M
Blend (final)
Blend
$8.00M
Owner & transaction history
Northgate Center Partnership · 3 yrs held
Northgate Center Partnership
since 2022
Last sale
$7.8M
7 recorded transactions
Zoning & alternative use
C2 · Hixson, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$11.7M
+8.0%
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 Hixson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hixson 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
$7,490,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,985,000
6.5%
$5,525,000
7%
$5,130,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,790,000
Current use
COMMERCIAL (GENERAL)
$11,655,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$8.00M
Range $7.20M – $8.80M · ±10% · vs last sale $7.75M (Sep 16 2022)
Last sale anchor
$7.75M
Sep 16 2022
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
$101 / 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
$45,283
Tax year 2023
Assessed value
$2,024,000
Assessed 2023
Previous assessed
$2,024,000
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$2,409,400
Improvement market value
$2,650,600
Total market value
$5,060,000
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1979
Heating
YES
Stories
1
Total area
79,259 SF
Lot
5.58 ac (243,065 SF)
Zoning code
C2
APN
110J A 023
UPID
US80-1322950
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Hixson, TN
Zoning C2 · permitted uses
C2 · Hixson, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hixson. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$11.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1979
Heating
YES
Stories
1
Lot
5.58 ac
Current owner
From public records · entity-resolved
Northgate Center Partnership
Entity
Mailing address
7950 RHODES FARM WAY, CHATTANOOGA, TN 37421-8232
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 28, 2023
—
Northgate Center Partnership
—
Deed
related
$2,200,000 · Bank Of Cleveland
Sep 16, 2022
$7,750,000
Northgate Center Partnership
Magnolia Hixson LP
Special Warranty Deed
$6,587,500 · Bank Of Cleveland
Mar 30, 2022
$2,250,000
Octane Partners 153 LLC
Magnolia Hixson LP
Special Warranty Deed
$4,573,633 · Renasant Bank
Jun 18, 2018
$19,702
Magolia Hixson LP
Rmrtn Chatt LLC
Grant Deed
—
Sep 6, 2006
—
Rmrtn Chatt LLC
Rmr Investment Co LLC
Quit Claim Deed
related
$4,300,000 · Principal Commercial Funding LLC
Sep 7, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Dec 19, 2003
$2,029,117
Investment Companies
Rmr Investment C
Grant Deed
related
—
Sep 20, 1996
$400,000
R C P Properties LLC
—
Grant Deed
related
—
Feb 20, 1996
$2,850,000
Rmr Investment Company LLC
Unknown
Grant Deed
$2,850,000 · Union Planters National Bank
Dec 23, 1994
$2,850,000
Rmr Investment Company LLC
Solomon,enterpri
Grant Deed
$2,850,000 · First Tennessee Bank National
Dec 17, 1994
$2,850,000
Rmr Investment Co LLC
—
Grant Deed
related
—
Sep 19, 1994
—
Dineen Company
Unknown,
Grant Deed
$50,000 · American National Bank & Trust
—
—
T C P Properties
—
Deed Of Trust
related
$380,000 · Milligan Reynolds Guaranty
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.
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