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    6707 Hixson Pike Hixson, TN 37343-2505

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    6707 Hixson Pike Hixson, TN 37343-2505

    View on Map
    • Drive through restaurants
    • 1,488 SF
    • 1.77 lot acres
    Off-Market
    Property ID
    US80-3217627
    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

    • Nana's Frozen Custard / Grocery & Convenience Store / Specialty Food Shop
    • Sourdough Cuppa Joe / Cafe & Coffee Shop

    Property Details for 6707 Hixson Pike

    Year built
    2004
    Lot size
    1.77 lot acres
    Property size
    1,488 SF
    Zone code
    C2
    Property type
    Drive through restaurants
    APN
    092 051
    APU
    92051

    Description

    This turnkey restaurant and real estate opportunity in Middle Valley, Tennessee, presents a compelling investment. Located on a 1.77-acre lot at 6707 Hixson Pike (zip code 37343), this established business boasts a 1,488 square foot building and features a popular frozen custard menu, freshly brewed coffee, sandwiches, and desserts. The property benefits from a high-traffic location on a major thoroughfare, ample parking, and excellent signage. A significant revenue stream is generated by a successful food truck, averaging $250-$500 in sales during two-hour stops. The business enjoys strong community ties, with established partnerships with local schools and churches. The drive-thru window sees an average of 140 cars daily, Monday through Saturday. This sale includes both the business and the real estate, and they must be purchased together. The asking price is $971,795, with a price per square foot of $653.09. The property's proximity to parks, marinas, and new subdivisions further enhances its potential. This is an exceptional opportunity for an owner-user seeking a profitable, established business with significant growth potential.

    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
    Hixson
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1914
    Latitude
    35.1638
    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
    $3,816
    $0.00
    $0.00
    $170,560
    -
    $269,900
    $156,500
    $426,400

    Comparable in this City

    • Value Estimation
      $1,410,000
      3,240 SF

      5596 Hixson Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,240 SF
      5596 Hixson Pike, Hixson, TN 37343-3241
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    • Value Estimation
      $3,185,000
      2,338 SF

      5242 Hwy 153

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,338 SF
      5242 Hwy 153, Hixson, TN 37343-4911
      View Details
    • Value Estimation
      $665,000
      1,363 SF

      6216 Hixson Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,363 SF
      6216 Hixson Pike, Hixson, TN 37343-3036
      View Details
    • Value Estimation
      $1,360,000
      3,120 SF

      4827 Hixson Pike

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,120 SF
      4827 Hixson Pike, Hixson, TN 37343-4448
      View Details
    • Value Estimation
      $1,675,000
      6,193 SF

      5440 Hwy 153

      DRIVE-THRU RESTAURANT, FAST FOOD • 6,193 SF
      5440 Hwy 153, Hixson, TN 37343-3721
      View Details
    • Value Estimation
      $600,000
      2,661 SF

      5323 Hwy 153

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,661 SF
      5323 Hwy 153, Hixson, TN 37343-4912
      View Details

    Similar Nearby for Sale

    • $985,000
      1,875 SF

      Hixson Pike Drive-Thru Opportunity

      Adaptable commercial building with drive-thru on Hixson Pike.
      5237 Hixson Pike, Chattanooga, TN 37343
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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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    • $754,500
      4,428 SF

      Hixson Pike Restaurant/Retail Space

      Restaurant/retail space on Hixson Pike, includes established business.
      5149 Hixson Pike, Chattanooga, TN 37343
      View Details
    • $1,300,000
      2,970 SF

      Restaurant Opportunity on Hixson Pike

      Turn-key restaurant opportunity available for sale.
      4701 Hixson Pike, Chattanooga, TN 37343
      View Details
    • Contact for pricing

      Hixson Retail Land For Sale

      3.35 acres of retail land available in Hixson, Tennessee.
      5400 Tn-153, Hixson, TN 37343
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    • $1,667,000

      Highway 153 Land Opportunity

      Land available on Highway 153 in Hixson, Tennessee.
      5114 Highway 153, Hixson, 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
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    • Contact for pricing

      8530 Hixson Pike, Lakesite, TN 37343

      Shopping centers
      8530 Hixson Pike, Lakesite, TN 37343
      View Details
    • $35 SF/Yr

      Retail Space in Hixson Crossing

      Retail suite available in Hixson Crossing Shopping Center.
      5550 Tennessee 153, Chattanooga, TN 37343
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    • Contact for pricing

      Regional Shopping Center Space Available

      Retail space in Hixson's centrally located Northtowne Centre.
      5450 Highway 153, Hixson, TN 37343
      View Details
    • Contact for pricing

      Former Retail Space in Hixon

      Stand-alone retail space available for rent in Hixon, Tennessee.
      5704 Highway 153, Hixson, TN 37343
      View Details
    • Contact for pricing

      Hixson Retail Space Available

      Retail spaces available, ranging from 1,600 to 30,078 SqFt.
      5760 Tn-153, Hixson, TN 37343
      View Details
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    Hixson, TN 37343-2505
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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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