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    Property profile & analytics

    6303 Ringgold Rd Chattanooga, TN 37412-3833

    • Car washes
    • 11,075 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 19, 2021
    $2,800,000
    Value Estimations
    $3,515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-3549121
    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

    • ModWash / Car Wash

    Property Details for 6303 Ringgold Rd

    Year built
    2007
    Lot size
    1.00 lot acres
    Property size
    11,075 SF
    Zone code
    C2
    Property type
    Car washes
    APN
    169L F 038
    APU
    169LF038

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,413,000
      Market price range: $779k - $3.56M
      AI Estimate
      $2,413,000
      Market price range: $779k - $3.56M

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2114
    Latitude
    34.9902
    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
    $27,490
    $0.00
    $0.00
    $784,200
    -
    $1,061,100
    $899,400
    $1,960,500

    Comparable in this City

    • Value Estimation
      $640,000
      4,287 SF

      5755 Ringgold Rd

      CAR WASH - AUTOMATED • 4,287 SF
      5755 Ringgold Rd, Chattanooga, TN 37412
      View Details
    • Value Estimation by Request
      4,590 SF

      3206 Ringgold Rd

      CAR WASH - AUTOMATED • 4,590 SF
      3206 Ringgold Rd, Chattanooga, TN 37412-1202
      View Details
    • Value Estimation by Request
      2,112 SF

      3322 Ringgold Rd

      CAR WASH - SELF-SERVE • 2,112 SF
      3322 Ringgold Rd, Chattanooga, TN 37412-1204
      View Details
    • Value Estimation by Request
      2,560 SF

      6733 Ringgold Rd

      CAR WASH - SELF-SERVE • 2,560 SF
      6733 Ringgold Rd, Chattanooga, TN 37412-4229
      View Details
    • Value Estimation by Request
      5,974 SF

      5418 Ringgold Rd

      CAR WASH - SELF-SERVE • 5,974 SF
      5418 Ringgold Rd, Chattanooga, TN 37412-3128
      View Details
    • Value Estimation by Request
      1,200 SF

      1316 Greenslake Rd

      AUTO REPAIR, GARAGE • 1,200 SF
      1316 Greenslake Rd, Chattanooga, TN 37412-2222
      View Details

    Similar Nearby for Sale

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      2,380 SF

      Chattanooga QSR Restaurant Sale

      Prime location, high-traffic QSR
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    • $49,500
      0.68 Acres

      East Ridge Land For Sale

      0.68 acre lot in growing East Ridge community.
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    • New
      $345,000
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      Well-Maintained Duplex in Growing Area

      Low-maintenance duplex in Chattanooga with strong rental demand.
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    • New
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      1,904 SF

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    Similar Nearby for Lease

    • Contact for pricing
      261,360 SF

      Prime East Ridge Retail Land

      High-traffic, Bass Pro Shops-anchored development.
      500 Camp Jordan Pkwy, East Ridge, TN 37412
      View Details
    • Contact for pricing
      6,000 SF

      Retail/Office Space in Chattanooga

      6,000 SF retail/office space available for lease.
      482 Mcbrien Rd, Chattanooga, TN 37412
      View Details
    • $264 SF/Yr
      10,148 SF

      East Ridge Commercial Space Available

      Prime East Ridge location, flexible spaces available
      1461 Mack Smith Rd, Chattanooga, TN 37412
      View Details
    • $40 SF/Yr
      2,380 SF

      Retail Space on Ringgold Road

      Retail space available for lease on Ringgold Road.
      6105 Ringgold Rd, Chattanooga, TN 37412
      View Details
    • $10 SF/Yr
      58,412 SF

      East Ridge Shopping Center Opportunity

      High-traffic retail & office suites
      3715 Ringgold Rd, East Ridge, TN 37412
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space Near Chattanooga Hotspots

      Retail space in high-traffic area near Topgolf and Bass Pro.
      4340 Ringgold Rd, East Ridge, TN 37412
      View Details
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    6303 Ringgold Rd
    Chattanooga, TN 37412-3833
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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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