Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    8408 Gulf Vw Dr Soddy Daisy, TN 37379-2210
    Back to Search
    Property profile & analytics

    8408 Gulf Vw Dr, Soddy Daisy, TN 37379-2210

    View on Map
    • Warehouses
    • 23,980 SF
    • 1.25 lot acres
    Off-Market
    Last Sale Apr 28, 2023
    $1,650,000
    Property ID
    US80-0475987
    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
    $1,625,000
    Show details
    Cap Rate Potential
    9.5%
    Warehouses
    Location Intelligence

    Current Use by Public Records

    • American Legacy Signage / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 8408 Gulf Vw Dr

    Year built
    2006
    Lot size
    1.25 lot acres
    Property type
    Warehouses
    APN
    073 111.46
    APU
    7311146

    Description

    This exceptional industrial property in Soddy-Daisy, Tennessee, offers a total of 24,060 square feet of versatile space, ideal for manufacturing, warehousing, flex, or distribution operations. Located at 8408 Gulf View Dr, 37379, this single-story, Class B building boasts a convenient highway 27 frontage, ensuring easy access and excellent visibility. The property sits on a 1.25-acre lot and features a 20-foot ceiling height, providing ample room for various industrial needs. The building is currently fully vacant and divisible into spaces as small as 6,000 square feet, with a maximum contiguous space of 24,060 square feet. Three total suites are available. The property includes 25 total parking spaces and five convenient drive-in doors for efficient loading and unloading. Three-phase power is readily available. The property is zoned M-1 and features APN 073 111.46. Built in 2006, this property offers a solid foundation for your business growth. Annual property taxes are $0.56 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,608,000
      Market price range: $882k - $2.55M
      AI Estimate
      $1,608,000
      Market price range: $882k - $2.55M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,650,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,460,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Soddy Daisy
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.2152
    Latitude
    35.2172
    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
    $13,453
    $0.00
    $0.00
    $398,080
    -
    $169,000
    $826,200
    $995,200

    Comparable in this City

    • Value Estimation
      $1,020,000
      9,600 SF

      8400 Gulf Vw Dr

      WAREHOUSE, STORAGE
      8400 Gulf Vw Dr, Soddy Daisy, TN 37379
      View Details
    • Value Estimation
      $1,220,000
      16,350 SF

      8414 Gulf Vw Dr

      WAREHOUSE, STORAGE
      8414 Gulf Vw Dr, Soddy Daisy, TN 37379-2200
      View Details
    • Value Estimation by Request
      7,220 SF

      11286 Wall St

      WAREHOUSE, STORAGE
      11286 Wall St, Soddy Daisy, TN 37379
      View Details
    • Value Estimation
      $1,860,000
      17,501 SF

      9218 Dayton Pike

      MINI-WAREHOUSE, STORAGE
      9218 Dayton Pike, Soddy Daisy, TN 37379-4825
      View Details
    • Value Estimation by Request
      1,074 SF

      11141 Dayton Pike

      WAREHOUSE, STORAGE
      11141 Dayton Pike, Soddy Daisy, TN 37379-5605
      View Details
    • Value Estimation by Request
      3,144 SF

      9200 Dayton Pike

      WAREHOUSE, STORAGE
      9200 Dayton Pike, Soddy Daisy, TN 37379-4805
      View Details

    Similar Nearby for Sale

    • $1,122,000

      Functional Industrial Facility For Sale

      Well-maintained 6,000 SF industrial building on 2.02 acres.
      218 Industrial Park Dr, Soddy Daisy, TN 37379
      View Details
    • Contact for pricing
      6,000 SF

      Functional Industrial Facility For Sale

      Well-maintained 6,000 SF industrial building on 2.02 acres.
      218 Industrial Park Dr, Soddy Daisy, TN 37379
      View Details
    • Contact for pricing

      Auto Recycling and Metals Operation

      Turn-key auto recycling and metals operation on 15 acres.
      410 Depot St, Soddy Daisy, TN 37379
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      9212 Dayton Pike, Soddy Daisy, TN 37379
      View Details
    • $2,628,000
      19,079,280 SF

      Hamilton County Land with Development Potential

      Large acreage with development, timber, and recreation potential.
      1532 Hotwater Rd, Soddy Daisy, TN 37379
      View Details
    • $105,000
      1.77 Acres

      Residential Land in Montlake Subdivision

      1.77-acre lot in Montlake, near Chattanooga with pond.
      8627 Brow Lake Rd, Soddy Daisy, TN 37379
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Retail Building on Dayton

      Retail/office space in growing Soddy Daisy market.
      11246 Dayton Pike, Soddy Daisy, TN 37379
      View Details
    • $84,000
      33,106 SF

      Prime Soddy Daisy Commercial Land

      High-traffic location, level lot, utilities available.
      9339 Dayton Pike, Soddy-Daisy, TN 37379
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    8408 Gulf Vw Dr
    Soddy Daisy, TN 37379-2210
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8408 Gulf Vw Dr, Soddy Daisy, TN, 37379
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!