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Property profile & analytics
OFF-MARKET Estimated value $195,000
Medical Office Space

9298 Apison Pike Ooltewah, TN 37363-7267

1,032 SF 1 ac lot Built 2008
Individually Owned 3-yr Hold Free & Clear
Property ID
US80-3315584
Property summary
AI-generated overview

This exceptional commercial property, located at 9298 Apison Pike in Ooltewah, Tennessee, presents a unique investment opportunity. The 1,450 square foot retail space houses a well-established and reputable bakery, "Piece-A-Cake Bakery," which is included in the sale. The fully equipped bakery features display cases, kitchen appliances, prep stations, stainless steel tables, a walk-in freezer, refrigerator, oven, and sinks – all ready for immediate operation. The building, constructed in 2008, sits on a 0.74-acre lot and boasts charming architecture and excellent condition, including ample parking. Its prime location offers high visibility and foot traffic, just blocks from Collegedale Commons, Imagination Station, the Wolftever Creek Greenway, Little Debbie Park, and The Greenbrier. Convenient access to I-75, Volkswagen exit, and Ooltewah's exit 11, along with proximity to Southern Adventist College, ensures a strong customer base. The property is a deeded commercial unit with a $220 monthly CAM fee covering roof, exterior, insurance, fire protection, lighting, waste removal, parking lot, and landscaping. A five-year-old HVAC system (with a remaining warranty) and all-electric utilities (water and sewer) contribute to efficient operation. The current owner will provide training to the buyer, allowing for continued bakery operation or expansion into other retail ventures. The asking price is $659,000, and there are no franchise fees associated with the bakery.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2008
Total area 1,032 SF
Lot 1 ac (43,560 SF)
APN 140 188.18C004
UPID US80-3315584
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
Current use
Occupant on record · Public records
  • McKee Health Resource Center Medical Clinic
  • Piece A-Cake Bakery Specialty Food Shop
  • 35 South Real Estate & Design Real Estate Agency
  • Chattanooga Healthy Hearing Physician
  • Chattanooga Pain Medicine Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$195k
Owner & transaction history
Oliver Benson Barrett · 3 yrs held
Oliver Benson Barrett
since 2023
Last sale
$200,000
2 recorded transactions
2023
$245,000
2008
$200,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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