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Property profile & analytics
OFF-MARKET
Estimated value
$2,165,000
Retail space
9515 Lee Hwy Ooltewah, TN 37363-6550
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-2012180
Property summary
AI-generated overview
Oakies Plaza, located at 9515 Lee Hwy in Ooltewah, Tennessee 37363, offers exceptional office and retail space in a rapidly growing area of Hamilton County. This property features a blend of traditional and creative office spaces, perfect for a variety of businesses. The building underwent renovations in 2024, ensuring modern amenities for tenants. Multiple tenancy options are available, allowing for flexibility in space requirements. With 150 total parking spaces, ample parking is guaranteed for employees and clients. The plaza boasts excellent road visibility and is conveniently situated between Cambridge Square and the Honors Golf Course, just minutes from I-75, providing easy access for commuters. Power is supplied by EPB. While elevators are not available, the building's design ensures easy accessibility to all units. This location offers a high-traffic area with strong visibility, making it an ideal choice for businesses seeking a prominent presence in a thriving community. Interested parties should visit www.OakiesPlaza.com for further details.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Total area
29,836 SF
Lot
4.54 ac (197,762 SF)
APN
132 027.01
UPID
US80-2012180
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
-
Kovsk Digital Marketing & Advertising (Bike/Boat/Book/etc) Store
-
Expert Services HVAC Service General Contractor
-
Tri-Community Volunteer Fire Department Station 4 Fire Station
-
JamSessions Productions LLC Film Production Television Studio
-
Ship Store Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.08M
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$2.17M
Owner & transaction history
Blackoak Ventures LLC · 4 yrs held
Blackoak Ventures LLC
since 2022
Last sale
$2.1M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Ooltewah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ooltewah submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,255,000
6.5%
$2,080,000
7%
$1,930,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,545,000
Current use
Blend value · Realmo final
$2.17M
Range $1.95M – $2.38M · ±10% · vs last sale $2.10M (Mar 30 2022)
Last sale anchor
$2.10M
Mar 30 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$73 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$16,395
Tax year 2023
Assessed value
$718,920
Assessed 2023
Previous assessed
$718,920
+0.0% YoY
Effective rate
2.28%
On assessed value
Land market value
$988,800
Improvement market value
$808,500
Total market value
$1,797,300
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1981
Heating
YES
Buildings
8
Stories
1
Total area
29,836 SF
Lot
4.54 ac (197,762 SF)
APN
132 027.01
UPID
US80-2012180
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.5M
RETAIL STORES Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
YES
Stories
1
Buildings
8
Lot
4.54 ac
Current owner
From public records · entity-resolved
Blackoak Ventures LLC
Entity
Free & Clear · 4 yrs held
Mailing address
9515 LEE HWY STE J, OOLTEWAH, TN 37363-8786
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
—
Blackoak Ventures LLC
—
Deed
related
$1,000,000 · Bank Of Cleveland
Mar 30, 2022
$2,100,000
Blackoak Ventures LLC
Oakies Plaza Limited Liability Comp
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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