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    8030 Old Lee Hwy Ooltewah, TN 37363

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    8030 Old Lee Hwy Ooltewah, TN 37363

    View on Map
    • Commercial real estate
    • 3.18 lot acres
    Off-Market
    Property ID
    US80-1524323
    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

    • Commercial real estate

    Property Details for 8030 Old Lee Hwy

    Lot size
    3.18 lot acres
    Property type
    Commercial real estate
    APN
    033140 00900P000

    Description

    This exceptional 3.18-acre commercial land parcel presents a remarkable investment opportunity in the thriving Ooltewah, Tennessee market. Boasting 322 feet of frontage on Old Lee Highway, this property enjoys unparalleled visibility and accessibility. Its strategic location offers convenient proximity to major employers, including Volkswagen and Amazon, situated just 8 minutes away. The property's advantageous position is further enhanced by its adjacency to significant ongoing developments. Specifically, it neighbors the New Ardmore Heights Apartment Development, a substantial 300-unit complex, and the Jewel at Summit Pointe, another large-scale 280-unit development. This prime location ensures high traffic volume and strong potential for future growth. The property's address is 8030 Old Lee Hwy, Ooltewah, TN 37363, with a Hamilton County APN of 033140 00900P000. The asking price for this exceptional commercial land is $1,000,000. This presents a unique chance to acquire a highly desirable property in a rapidly expanding area, ideal for a variety of commercial ventures. The property's proximity to Apison Pike adds to its strategic value, providing easy access to major transportation routes. Don't miss this opportunity to secure a piece of Ooltewah's vibrant commercial landscape.

    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
    Ooltewah
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.104471
    Latitude
    35.0687981

    Comparable in this City

    • Contact for pricing

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      3.8 acre corner parcel near I-75 in Ooltewah, Tennessee.
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      Ooltewah Land Opportunity

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      Land in Collegedale, Tennessee

      Land available in Collegedale, Tennessee, with potential for various uses.
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      R-3 Land for Townhomes

      R-3 zoned land with public utilities available.
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      Prime Location in Collegedale, TN

      1.35-acre commercial land in a high-traffic area.
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      Residential Lot in Ooltewah, TN

      Nearly half-acre lot in Ooltewah, build your dream home.
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    Similar Nearby for Sale

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      Prime Corner Parcel Near Interstate

      3.8 acre corner parcel near I-75 in Ooltewah, Tennessee.
      8080 Old Cleveland Pike, Ooltewah, TN 37363
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    • $75,000
      Pending

      Ooltewah Land Opportunity

      0.5-acre lot in Ooltewah, ready for development.
      9607 W Cherry St, Ooltewah, TN 37363
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    • $120,000
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      Land in Collegedale, Tennessee

      Land available in Collegedale, Tennessee, with potential for various uses.
      Moore Rd, Collegedale, TN 37363
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    • $439,900
      Pending

      R-3 Land for Townhomes

      R-3 zoned land with public utilities available.
      5233 Spalding Dr, Ooltewah, TN 37363
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    • Contact for pricing

      Prime Location in Collegedale, TN

      1.35-acre commercial land in a high-traffic area.
      5937 Elementary Way, Collegedale, TN 37363
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    • $53,500
      Pending

      Residential Lot in Ooltewah, TN

      Nearly half-acre lot in Ooltewah, build your dream home.
      8709 Snow Hill Rd, Ooltewah, TN 37363
      View Details

    Similar Nearby for Lease

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      Ooltewah Retail Center Outparcels

      Retail outparcels in Publix-anchored center, Ooltewah, Tennessee.
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      Ooltewah, TN Outparcels For Lease

      Four outparcels available for ground lease in Ooltewah, TN.
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      Ooltewah, TN Outparcels For Lease

      Four outparcels available for ground lease in Ooltewah, TN.
      5982 Snow Hill Rd, Ooltewah, TN 37363
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    • $90,000

      Land for Retail Pads

      Land available for ground lease or build to suit.
      8035 Apison Pike, Ooltewah, TN 37363
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    • Contact for pricing

      Industrial Flex Space Available

      Industrial flex space with offices in Ooltewah area.
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    • Contact for pricing

      Ooltewah Commercial Space Available

      1,800 sq ft commercial space in high-traffic Ooltewah location.
      6143 Ooltewah Georgetown Rd, Ooltewah, TN 37363
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    Ooltewah, TN 37363
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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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