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Property profile & analytics
FOR SALE
Commercial land
8035 Apison Pike Ooltewah, TN 37363
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1074677
For Sale
1 / 22
$3,250,000
8035 Apison Pike, Ooltewah, TN 37363
View Listing →
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
2.72 ac (118,483 SF)
Zoning code
M1
APN
131P B 003
UPID
US80-1074677
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Kiara Corporation · 2 yrs held
Kiara Corporation
since 2024
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
M1 · Ooltewah, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ooltewah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ooltewah submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,825,000
ML approach
$1,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.83M (Feb 29 2024)
Last sale anchor
$1.83M
Feb 29 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,764
Tax year 2023
Assessed value
$928,080
Assessed 2023
Previous assessed
$928,080
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$2,316,300
Improvement market value
$3,900
Total market value
$2,320,200
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
For Sale
Heating
NONE
Lot
2.72 ac (118,483 SF)
Zoning code
M1
APN
131P B 003
UPID
US80-1074677
Jurisdiction
HAMILTON
Zoning & alternative use
M1 · Ooltewah, TN
Zoning M1 · permitted uses
M1 · Ooltewah, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ooltewah. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Lot
2.72 ac
Current owner
From public records · entity-resolved
Kiara Corporation
Entity
Mailing address
7990 RHODES FARM WAY, CHATTANOOGA, TN 37421-8232
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
$1,825,000
Kiara Corporation
42053 Ooltewah Tn LLC
Special Warranty Deed
$1,460,000 · Greenville Federal
Jul 14, 2021
$2,000,000
42053 Ooltewah Tn LLC
T Gene Edwards
Warranty Deed
—
Jul 14, 2021
—
T Gene Edwards
T Gene Edwards
Correction Deed
related
—
Apr 30, 2021
—
T Gene Edwards
O Michael Carter
Intrafamily Transfer
related
—
Sep 17, 2020
—
Gloria J Rogers
Francis C Rogers
Quit Claim Deed
related
—
Sep 9, 2019
—
T Gene Edwards
Carter O Michael
Quit Claim Deed
related
—
Jul 30, 2012
—
Francis C Rogers
Rogers,james C JR
Quit Claim Deed
related
—
Mar 2, 2011
—
James C Rogers JR.
Carter O Michael
Quit Claim Deed
related
—
May 27, 2010
—
Carter O Michael Tr
Lawyers Title & Escrow INC
Quit Claim Deed
related
—
Apr 27, 1994
$120,000
Title Lawyers
Unknown
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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