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    9405 Apison Pike Ooltewah, TN 37363-8337

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    Property profile & analytics

    9405 Apison Pike Ooltewah, TN 37363-8337

    View on Map
    • Warehouses
    • 46,230 SF
    • 3.44 lot acres
    Off-Market
    Property ID
    US80-1999934
    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
    $3,295,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Four Corners Storage / Storage Facility
    • Budget Blinds of Downtown Chattanooga, Cleveland & Dalton, GA / Hardware & Home Improvement / Home Decor Store

    Property Details for 9405 Apison Pike

    Year built
    1981
    Lot size
    3.44 lot acres
    Property size
    46,230 SF
    Zone code
    C2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    140 187.11
    APU
    14018711

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,295,000
      Market price range: $1.70M - $4.91M
      AI Estimate
      $3,295,000
      Market price range: $1.70M - $4.91M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,180,000
      Current use
      RETAIL STORES
      $5,490,000
      Change: +73% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $2,815,000
      Change: -11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Ooltewah
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.0676
    Latitude
    35.0612
    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
    $31,186
    $0.00
    $0.00
    $815,520
    -
    $861,600
    $1,177,200
    $2,038,800

    Comparable in this City

    • Value Estimation
      $1,630,000
      36,000 SF

      9203 Jac Cate Rd

      MINI-WAREHOUSE, STORAGE • 36,000 SF
      9203 Jac Cate Rd, Ooltewah, TN 37363
      View Details
    • Value Estimation
      $1,060,000
      17,275 SF

      7070 Luther Trl

      MINI-WAREHOUSE, STORAGE • 17,275 SF
      7070 Luther Trl, Ooltewah, TN 37363-4617
      View Details
    • Value Estimation
      $4,400,000
      75,762 SF

      5827 Main St

      MINI-WAREHOUSE, STORAGE • 75,762 SF
      5827 Main St, Ooltewah, TN 37363
      View Details
    • Value Estimation by Request
      10,000 SF

      6032 Ooltewah Georgetown Rd

      MINI-WAREHOUSE, STORAGE • 10,000 SF
      6032 Ooltewah Georgetown Rd, Ooltewah, TN 37363
      View Details
    • Value Estimation
      $3,540,000
      33,980 SF

      9322 Lumber Ln

      MINI-WAREHOUSE, STORAGE • 33,980 SF
      9322 Lumber Ln, Ooltewah, TN 37363-9537
      View Details
    • Value Estimation
      $9,000,000
      102,791 SF

      6115 Mtn Vw Rd

      MINI-WAREHOUSE, STORAGE • 102,791 SF
      6115 Mtn Vw Rd, Ooltewah, TN 37363-9391
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Corner Parcel Near Interstate

      3.8 acre corner parcel near I-75 in Ooltewah, Tennessee.
      8080 Old Cleveland Pike, Ooltewah, TN 37363
      View Details
    • $75,000
      Pending

      Ooltewah Land Opportunity

      0.5-acre lot in Ooltewah, ready for development.
      9607 W Cherry St, Ooltewah, TN 37363
      View Details
    • $250,000
      Pending

      Ooltewah Duplex: Investment Opportunity

      Single-level duplex in Ooltewah, offering immediate cash flow potential.
      8810 Great Family Trl, Ooltewah, TN 37363
      View Details
    • $300,000
      0.22 Acres

      Ooltewah Commercial Lot For Sale

      C-2 zoned commercial lot with road frontage in Ooltewah, TN.
      8220 Apison Pike, Ooltewah, TN 37363
      View Details
    • $120,000
      1.42 Acres

      Land in Collegedale, Tennessee

      Land available in Collegedale, Tennessee, with potential for various uses.
      Moore Rd, Collegedale, TN 37363
      View Details
    • $439,900
      Pending

      R-3 Land for Townhomes

      R-3 zoned land with public utilities available.
      5233 Spalding Dr, Ooltewah, TN 37363
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Flex Space Available

      Industrial flex space with offices in Ooltewah area.
      8822 Production Ln, Collegedale, TN 37363
      View Details
    • Contact for pricing

      Ooltewah Flex/Warehouse/Manufacturing Space

      Multi-tenant flex/warehouse/light manufacturing space for lease in Ooltewah.
      6607 Mountain View Rd, Ooltewah, TN 37363
      View Details
    • Contact for pricing

      Ooltewah Commercial Space Available

      1,800 sq ft commercial space in high-traffic Ooltewah location.
      6143 Ooltewah Georgetown Rd, Ooltewah, TN 37363
      View Details
    • $14 SF/Yr

      Collegedale Office Space For Lease

      Office property in Collegedale, offering high visibility and ample parking.
      9415 Apison Pike, Ooltewah, TN 37363
      View Details
    • $17 SF/Yr
      6,760 SF

      Ooltewah Office Sublease Opportunity

      Turn-key office space with 10 offices, conference rooms, and parking.
      8811 Production Ln, Ooltewah, TN 37363
      View Details
    • $15 SF/Yr

      Retail Space Near I-75

      Retail space in high-traffic area near I-75.
      6711 Mountain View Rd, Ooltewah, TN 37363
      View Details
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    Ooltewah, TN 37363-8337
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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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