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

    9408 Apison Pike Ooltewah, TN 37363-5640

    • Outlet malls
    • 80,383 SF
    • 8.81 lot acres
    OFF-MARKET
    Value Estimations
    $7,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-0084723
    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

    • ATI Physical Therapy / Sports Medicine Clinic / Physical Therapy Clinic
    • Dr. Lloyd Rimer / Internist / Emergency Care Physician
    • TAYLOR HAYDEN / Physical Therapist
    • CORRIE MARTIN LARGE / Physical Therapist
    • ATM / Atm

    Property Details for 9408 Apison Pike

    Year built
    1996
    Lot size
    8.81 lot acres
    Property size
    80,383 SF
    Zone code
    C2
    Property type
    Outlet malls
    APN
    140 188.15
    APU
    14018815

    Description

    This exceptional 79,048 square foot retail strip center, located at 9408 Apison Pike in Ooltewah, Tennessee (zip code 37363), presents a fantastic leasing opportunity. Situated in the Chattanooga submarket of Hamilton County, this multi-tenant property boasts 15 individual suites, offering flexibility for various retail businesses. Currently, there is 1,400 square feet of vacant space available, perfect for expansion or a new venture. The property's prime location on Apison Pike, with cross-street access to Ooltewah Ringgold Road, ensures high visibility and accessibility for customers. The building's total square footage is 79,048 square feet, indicating a substantial presence within the community. The property is classified as a retail strip center, ideal for businesses seeking a high-traffic location with ample space. This is a rare opportunity to secure retail space in a thriving area of Collegedale, Tennessee, offering excellent potential for growth and profitability. The property is conveniently located near major transportation routes, ensuring easy access for both customers and employees. The available space offers a chance to establish a strong presence in a bustling retail environment. This property is for lease and offers a unique opportunity to become part of a successful retail center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $7,108,000
      Market price range: $4.67M - $15.4M
      AI Estimate
      $7,108,000
      Market price range: $4.67M - $15.4M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $9,545,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Ooltewah
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.0689
    Latitude
    35.0595
    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
    $85,826
    $0.00
    $0.00
    $2,245,160
    -
    $1,233,400
    $4,379,500
    $5,612,900

    Comparable in this City

    • Value Estimation
      $2,180,000
      18,608 SF

      9239 Lee Hwy

      WHOLESALE OUTLET, DISCOUNT STORE • 18,608 SF
      9239 Lee Hwy, Ooltewah, TN 37363-2210
      View Details
    • Value Estimation by Request
      9,855 SF

      9415 Apison Pike

      WHOLESALE OUTLET, DISCOUNT STORE • 9,855 SF
      9415 Apison Pike, Ooltewah, TN 37363-8953
      View Details
    • Value Estimation
      $23,190,000
      206,717 SF

      5588 Little Debbie Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 206,717 SF
      5588 Little Debbie Pkwy, Ooltewah, TN 37363-4356
      View Details
    • Value Estimation
      $1,605,000
      12,402 SF

      9814 Brainerd Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 12,402 SF
      9814 Brainerd Rd, Ooltewah, TN 37363-9333
      View Details
    • Value Estimation by Request
      1.00 Acre

      Colcord Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 1.00 Acre
      Colcord Dr, Ooltewah, TN 37363
      View Details
    • Value Estimation
      $8,150,000
      0.27 Acres

      Hunter Rd

      SHOPPING CENTER, STRIP CENTER • 0.27 Acres
      Hunter Rd, Ooltewah, TN 37363
      View Details

    Similar Nearby for Sale

    • $335,000
      0.52 Acres

      Ooltewah Retail Lot - Prime Location

      High-Visibility Retail Lot, Excellent Demographics
      5419 Ooltewah Ringgold Rd, Ooltewah, TN 37363
      View Details
    • $659,000
      1,450 SF

      Ooltewah Retail Space & Bakery

      Thriving Bakery, Prime Location, High Traffic
      9298 Apison Pike, Ooltewah, TN 37363
      View Details
    • $659,000
      1,450 SF

      Commercial Space in Ooltewah, TN

      Retail space with established bakery business for sale in Ooltewah.
      9298 Apison Pike, Ooltewah, TN 37363
      View Details
    • $2,000,000
      2,000 SF

      New Valvoline Lease Investment Opportunity

      New 15-year Valvoline lease with options and rent escalations.
      1609 Ooltewah Ringgold Rd, Ooltewah, TN 37363
      View Details
    • Contact for pricing

      Former Car Wash on 1.79 Acres

      4,460 SF building suitable for car wash or retail.
      9025 Jac Cate Rd, Ooltewah, TN 37363
      View Details
    • $530,000
      2.79 Acres

      Ooltewah Land: Prime Development Site

      2.79 Acres Near Volkswagen & Amazon
      8022 Old Lee Hwy, Ooltewah, TN 37363
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      1,200 SF

      Retail Space in Ooltewah, TN

      Walmart shadow anchor strip center with former GNC space.
      5910 Reagan Ln, College Dale, TN 37363
      View Details
    • $15 SF/Yr
      10,000 SF

      Retail Space Near I-75

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

      Ooltewah Retail Center Outparcels

      Retail outparcels in Publix-anchored center, Ooltewah, Tennessee.
      6037 Mountain View Rd, Ooltewah, TN 37363
      View Details
    • $27 SF/Yr
      1,200 SF

      Ooltewah Office Space: 1200 SF

      Prime Ooltewah location, 1200 sq ft, single tenant.
      6143 Ooltewah Georgetown Rd, Ooltewah, TN 37363
      View Details
    • $27 SF/Yr
      1,800 SF

      Ooltewah Office Space: 1800 SQFT

      Prime Ooltewah location, versatile space, ready to occupy.
      6143 Ooltewah Georgetown Rd, Ooltewah, TN 37363
      View Details
    • $28 SF/Yr
      17,500 SF

      Retail Space in Growing Area

      Retail space available in a high-visibility, fast-growing area.
      5024 Hunter Rd, Ooltewah, TN 37363
      View Details
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    Ooltewah, TN 37363-5640
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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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