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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6216 Hixson Pike Hixson, TN 37343-3036

    • Drive through restaurants
    • 1,363 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimations
    $665,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-1610415
    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

    • Sonic Drive-In / Restaurant / Take-out & Catering

    Property Details for 6216 Hixson Pike

    Year built
    1993
    Lot size
    0.61 lot acres
    Property size
    1,363 SF
    Zone code
    C2
    Property type
    Drive through restaurants
    APN
    101 019.03
    APU
    10101903

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $667,000
      Market price range: $183k - $667k
      AI Estimate
      $667,000
      Market price range: $183k - $667k

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

    Location Insight

    • Map
    • Local Demand
    City
    Hixson
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1998
    Latitude
    35.1529
    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
    $8,646
    $0.00
    $0.00
    $386,440
    -
    $279,400
    $686,700
    $966,100

    Comparable in this City

    • Value Estimation by Request
      1,488 SF

      6707 Hixson Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,488 SF
      6707 Hixson Pike, Hixson, TN 37343-2505
      View Details
    • Value Estimation
      $1,190,000
      3,228 SF

      5390 Hwy 153

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,228 SF
      5390 Hwy 153, Hixson, TN 37343-4946
      View Details
    • Value Estimation
      $1,580,000
      3,226 SF

      5013 Hixson Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,226 SF
      5013 Hixson Pike, Hixson, TN 37343-3952
      View Details
    • Value Estimation by Request
      2,520 SF

      6018 Hixson Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,520 SF
      6018 Hixson Pike, Hixson, TN 37343-3032
      View Details
    • Value Estimation
      $1,665,000
      965 SF

      5102 Hixson Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 965 SF
      5102 Hixson Pike, Hixson, TN 37343
      View Details
    • Value Estimation by Request
      812 SF

      5119 Hixson Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 812 SF
      5119 Hixson Pike, Hixson, TN 37343-3953
      View Details

    Similar Nearby for Sale

    • $429,000
      0.54 Acres

      Commercial Lot in Hixson

      High-visibility commercial lot with drive-thru approval in Hixson, Tennessee.
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    • $2,499,990
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      Hixson Pike Commercial Land

      20 Acres, Mixed-Use Potential
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    • $3,200,000
      2.35 Acres

      Prime Hixson Retail Land

      2.35 Acres, Site-Ready, High Traffic
      5400 Tn-153, Chattanooga, TN 37343
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    • $275,000
      1.30 Acres

      Highway 153 Commercial Land

      1.3 Acres, High Traffic, C-2 Zoning
      0 Tn-153, Chattanooga, TN 37343
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    • $85,900
      1.38 Acres

      Hixson Land Near Lake Chickamauga

      1.38-acre lot with community waterfront access in Hixson, Tennessee.
      2109 Rambler Ln, Hixson, TN 37343
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    • $1,450,000
      7,192 SF

      Hamill Professional Centre: Prime Office Condo

      7,192 SF Office Condo, Hixson, TN
      5022 Old Godsey Ln, Chattanooga, TN 37343
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      1,200 SF

      Hixson Pike Endcap Restaurant Space

      Endcap restaurant space available for rent on Hixson Pike.
      8530 Hixson Pike, Hixson, TN 37343
      View Details
    • Contact for pricing
      8,000 SF

      Prime Hixson Retail Space

      8,000 SF Vacant Retail Building
      5704 Hwy 153, Chattanooga, TN 37343
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      73,892 SF

      Gadd Crossing Retail Center

      Hixson, TN: Prime Retail Space Available
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    • Contact for pricing
      1,200 SF

      Northtowne Square Retail Space

      Hixson, TN Retail Opportunity. High Visibility.
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      View Details
    • Contact for pricing
      23,200 SF

      Oak Park Town Center Retail Space

      Chattanooga retail space, multiple units available.
      5760 Tn-153, Chattanooga, TN 37343
      View Details
    • Contact for pricing
      5,584 SF

      Retail Space in Hixson, TN

      Retail space available in Publix-anchored shopping center in Hixson, TN.
      5918 Hixson Pike, Hixson, TN 37343
      View Details
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    6216 Hixson Pike
    Hixson, TN 37343-3036
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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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