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    Property profile & analytics

    809 Ridgeway Ave Signal Mountain, TN 37377-3003

    • Medical offices
    • 2,240 SF
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    Apr 11, 2023
    $425,000
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    6.3%
    Medical offices
    Location Intelligence
    Property ID
    US80-1718629
    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

    • Herlevic David DDS / Dentist
    • River Valley Dentistry / Dentist
    • Dr. Julia Briggs / Dentist / Practitioner Service Location

    Property Details for 809 Ridgeway Ave

    Year built
    1965
    Lot size
    0.06 lot acres
    Property size
    2,240 SF
    Zone code
    LD
    Property type
    Medical offices
    Property subtype
    Medical space
    APN
    108I D 017
    APU
    108ID017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $415,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $415,000
      6.5%
      $385,000
      7%
      $355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $309,000
      Market price range: $310k - $763k
      AI Estimate
      $309,000
      Market price range: $310k - $763k

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

    Location Insight

    • Map
    • Local Demand
    City
    Signal Mountain
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3429
    Latitude
    35.1226
    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
    $1,546
    $0.00
    $0.00
    $69,120
    -
    $31,300
    $141,500
    $172,800

    Comparable in this City

    • Value Estimation by Request
      3,617 SF

      820 Ridgeway Ave

      DENTAL BUILDING • 3,617 SF
      820 Ridgeway Ave, Signal Mountain, TN 37377-3065
      View Details
    • Value Estimation
      $265,000
      1,172 SF

      899 Ladder Trl

      DENTAL BUILDING • 1,172 SF
      899 Ladder Trl, Signal Mountain, TN 37377-3070
      View Details
    • Value Estimation by Request
      3,600 SF

      1303 Taft Hwy

      MEDICAL BUILDING • 3,600 SF
      1303 Taft Hwy, Signal Mountain, TN 37377-3207
      View Details
    • Value Estimation by Request
      3,108 SF

      3900 Taft Hwy

      OFFICE (GENERAL) • 3,108 SF
      3900 Taft Hwy, Signal Mountain, TN 37377-1555
      View Details
    • Value Estimation by Request
      7,302 SF

      Taft Hwy

      OFFICE (GENERAL) • 7,302 SF
      Taft Hwy, Signal Mountain, TN 37377
      View Details
    • Value Estimation
      $2,580,000
      9,100 SF

      2600 Taft Hwy

      OFFICE (GENERAL) • 9,100 SF
      2600 Taft Hwy, Signal Mountain, TN 37377-2774
      View Details

    Similar Nearby for Sale

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      Two contiguous lots with panoramic Tennessee River and Chattanooga views.
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    • $200,000
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      Signal Mountain Land with Views

      1.11 acre lot with potential views in Signal Mountain.
      1301 E Brow Rd, Signal Mountain, TN 37377
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    • $350,000

      Signal Mountain Land Opportunity

      8+ acres bordering state park, build your dream home.
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    • $299,000

      Signal Mountain Commercial Land

      Prime 0.7-acre C-3 zoned lot.
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    • Contact for pricing

      Land For Sale

      Land available for sale in Signal Mountain, Tennessee.
      55 Mountain Farm Rd, Signal Mountain, TN 37377
      View Details
    • $160,000
      0.55 Acres

      Signal Mountain Land with Views

      Rare lot to build your dream home with scenic views.
      1521 Sunset Dr, Signal Mountain, TN 37377
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      4,215 SF

      Signal Mountain Office Suites

      Prime Signal Mountain location, flexible spaces available
      1213 Taft Hwy, Signal Mountain, TN 37377
      View Details
    • $18 SF/Yr
      1,500 SF

      Signal Mountain Retail Space Available

      Prime commercial space in a high-traffic Signal Mountain location.
      1223 Taft Hwy, Signal Mountain, TN 37377
      View Details
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    809 Ridgeway Ave
    Signal Mountain, TN 37377-3003
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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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