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

    6802 Prestige Ln Hixson, TN 37343

    • Commercial land
    • 4,821 SF
    • 6.09 lot acres
    OFF-MARKET
    Last Sale
    Jun 03, 2020
    $577,000
    Value Estimations
    $585,000
    Show details
    Cap Rate Potential
    7.3%
    Commercial land
    Location Intelligence
    Property ID
    US80-1616894
    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

    • Commercial land

    Property Details for 6802 Prestige Ln

    Year built
    1976
    Lot size
    6.09 lot acres
    Property size
    4,821 SF
    Zone code
    GB
    Property type
    Commercial land
    APN
    091 058
    APU
    91058

    Description

    This exceptional 6-acre commercial development parcel in Hixson, Tennessee, presents a remarkable investment opportunity. Located on the cul-de-sac of Prestige Lane, this C3-zoned property offers unparalleled versatility for a wide range of commercial uses, including retail, office, auto sales, hotels, restaurants, car washes, and light manufacturing. Its strategic position near the intersection of Middle Valley Road and Boy Scout Road provides excellent visibility and accessibility. The property enjoys proximity to major transportation arteries, being approximately 2 miles from Highways 153 and 27, 3 miles from the Northgate regional shopping area, and within a 10-mile radius of both Downtown Chattanooga and Interstate 75. This prime location ensures high traffic volume and strong potential for business growth. The property's parcel number is 091 058. Please note that some portions of the property may fall within a FEMA-designated flood zone. An adjacent lot is also available at 1526 Boy Scout Road (see separate listing). The asking price for this exceptional opportunity is $649,000. The property's address is 6802 Prestige Ln, Middle Valley, TN 37343.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $695,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $840,000
      6.5%
      $775,000
      7%
      $720,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $443,000
      Market price range: $444k - $1.07M
      AI Estimate
      $443,000
      Market price range: $444k - $1.07M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $710,000
      Current use
      AUTO REPAIR, GARAGE
      $930,000
      Change: +31% Conversion: Difficult
      MEDICAL BUILDING
      $925,000
      Change: +31% Conversion: Easy
      RETAIL STORES
      $655,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hixson
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2089
    Latitude
    35.1715
    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
    $1,090
    $0.00
    $0.00
    $48,720
    -
    $121,800
    $0.00
    $121,800

    Comparable in this City

    • Value Estimation by Request
      5.71 Acres

      Evan Way

      VACANT COMMERCIAL LAND • 5.71 Acres
      Evan Way, Hixson, TN 37343
      View Details
    • Value Estimation by Request
      2.19 Acres

      11 Dowlen Rd

      VACANT COMMERCIAL LAND • 2.19 Acres
      11 Dowlen Rd, Hixson, TN 37343-2770
      View Details
    • Value Estimation by Request
      0.19 Acres

      6725 Hixson Pike

      VACANT COMMERCIAL LAND • 0.19 Acres
      6725 Hixson Pike, Hixson, TN 37343-2505
      View Details
    • Value Estimation by Request
      0.35 Acres

      Hixson Pike

      VACANT COMMERCIAL LAND • 0.35 Acres
      Hixson Pike, Hixson, TN 37343
      View Details
    • Value Estimation by Request
      0.68 Acres

      7620 Dayton Pike

      VACANT COMMERCIAL LAND • 1,537 SF
      7620 Dayton Pike, Hixson, TN 37343-2008
      View Details
    • Value Estimation
      $1,160,000
      0.90 Acres

      Hwy 153

      VACANT COMMERCIAL LAND • 12,600 SF
      Hwy 153, Hixson, TN 37343
      View Details

    Similar Nearby for Sale

    • $1,250,000
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      Hixson Pike Land Opportunity

      25+ acres in growing area with road frontage.
      Hixson Pike, Hixson, TN 37343
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    • $775,000

      Development Land Near Chattanooga

      18.1 acres of development land with road frontage.
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    • $120,000
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      Commercial Land in Hixson, TN

      Commercial land in Hixson, close to major routes and Chattanooga.
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    • $429,000
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      Commercial Lot in Hixson

      High-visibility commercial lot with drive-thru approval in Hixson, Tennessee.
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    • $625,000
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      Chattanooga Residential Land - $625K

      0.97 Acres, R-1 Zoning, Prime Location
      5020 Old Godsey Ln, Chattanooga, TN 37343
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    • $275,000
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      Highway 153 Commercial Land

      1.3 Acres, High Traffic, C-2 Zoning
      0 Tn-153, Chattanooga, TN 37343
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      73,892 SF

      Gadd Crossing Retail Center

      Hixson, TN: Prime Retail Space Available
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    • $20 SF/Yr
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      Hamill Professional Center Office Space

      Prime Medical Office Space in Hixson, TN
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      View Details
    • 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
    • $35 SF/Yr

      Retail Space in Hixson Crossing

      Retail suite available in Hixson Crossing Shopping Center.
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    • $11 SF/Yr
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      Hixson Pike Endcap Restaurant Space

      Endcap restaurant space available for rent on Hixson Pike.
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      View Details
    • Contact for pricing
      10,000 SF

      Modern Flex Space Available

      10,000 SF Flex Warehouse, Divisible
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      View Details
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    6802 Prestige Ln
    Hixson, 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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