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

    8609 Hixson Pike Hixson, TN 37343

    • Car washes
    • 3,816 SF
    • 1.53 lot acres
    OFF-MARKET
    Last Sale
    May 07, 2021
    $765,000
    Value Estimations
    $1,020,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0846332
    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

    • ModWash / Car Wash

    Property Details for 8609 Hixson Pike

    Year built
    2021
    Lot size
    1.53 lot acres
    Property size
    3,816 SF
    Property type
    Car washes
    APN
    074M E 005.01
    APU
    074ME00501

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $950,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,229,000
      Market price range: $417k - $1.23M
      AI Estimate
      $1,229,000
      Market price range: $417k - $1.23M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $735,000
      Current use
      MEDICAL BUILDING
      $735,000
      Change: -0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Hixson
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1582
    Latitude
    35.2016
    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
    $13,811
    $0.00
    $0.00
    $566,240
    -
    $716,500
    $699,100
    $1,415,600

    Comparable in this City

    • Value Estimation
      $1,040,000
      4,355 SF

      5390 Hixson Pike

      CAR WASH - AUTOMATED • 4,355 SF
      5390 Hixson Pike, Hixson, TN 37343-3237
      View Details
    • Value Estimation
      $285,000
      2,605 SF

      6308 Hixson Pike

      CAR WASH • 2,605 SF
      6308 Hixson Pike, Hixson, TN 37343-5722
      View Details
    • Value Estimation
      $2,465,000
      2,680 SF

      5575 Hixson Pike

      CAR WASH - AUTOMATED • 2,680 SF
      5575 Hixson Pike, Hixson, TN 37343-3240
      View Details
    • Value Estimation
      $2,065,000
      8,951 SF

      5084 New Country Dr

      CAR WASH - AUTOMATED • 8,951 SF
      5084 New Country Dr, Hixson, TN 37343-4877
      View Details
    • Value Estimation
      $4,865,000
      3,100 SF

      5532 Hwy 153

      CAR WASH - AUTOMATED • 3,100 SF
      5532 Hwy 153, Hixson, TN 37343-3723
      View Details
    • Value Estimation
      $375,000
      4,125 SF

      8035 Hixson Pike

      CAR WASH - SELF-SERVE • 4,125 SF
      8035 Hixson Pike, Hixson, TN 37343-1549
      View Details

    Similar Nearby for Sale

    • $3,200,000
      2.35 Acres

      Prime Hixson Retail Land

      2.35 Acres, Site-Ready, High Traffic
      5400 Tn-153, Chattanooga, TN 37343
      View Details
    • $2,499,990
      20.00 Acres

      Hixson Pike Commercial Land

      20 Acres, Mixed-Use Potential
      1466 Dahl Spg Ln, Chattanooga, TN 37343
      View Details
    • $429,000
      0.54 Acres

      Commercial Lot in Hixson

      High-visibility commercial lot with drive-thru approval in Hixson, Tennessee.
      5468 Old Hixson Pike, Hixson, TN 37343
      View Details
    • $1,450,000
      7,192 SF

      Hamill Professional Centre: Prime Office Condo

      7,192 SF Office Condo, Hixson, TN
      5022 Old Godsey Ln, Chattanooga, TN 37343
      View Details
    • $625,000
      0.97 Acres

      Chattanooga Residential Land - $625K

      0.97 Acres, R-1 Zoning, Prime Location
      5020 Old Godsey Ln, Chattanooga, TN 37343
      View Details
    • $1,250,000
      25.50 Acres

      Hixson Pike Land Opportunity

      25+ acres in growing area with road frontage.
      Hixson Pike, Hixson, TN 37343
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      73,892 SF

      Gadd Crossing Retail Center

      Hixson, TN: Prime Retail Space Available
      5510 Tn-153, Chattanooga, TN 37343
      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.
      5550 Tennessee 153, Chattanooga, TN 37343
      View Details
    • $11 SF/Yr
      1,200 SF

      Hixson Pike Endcap Restaurant Space

      Endcap restaurant space available for rent on Hixson Pike.
      8530 Hixson Pike, Hixson, TN 37343
      View Details
    • Contact for pricing
      8,000 SF

      Prime Hixson Retail Space

      8,000 SF Vacant Retail Building
      5704 Hwy 153, Chattanooga, TN 37343
      View Details
    • Contact for pricing
      1,200 SF

      Northtowne Square Retail Space

      Hixson, TN Retail Opportunity. High Visibility.
      5425 Tn-153, Chattanooga, TN 37343
      View Details
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    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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