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Property profile & analytics
OFF-MARKET
Estimated value
$1,950,000
Office Spaces
1410 Cowart St Chattanooga, TN 37408-1113
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US80-1880228
Property summary
AI-generated overview
This exceptional two-story office building, located at 1410 Cowart Street in Chattanooga, Tennessee, presents a unique investment opportunity. Built in 1920 and extensively renovated in 2000, this 16,560 square foot building boasts a charming blend of historic character and modern functionality. The property features attractive brick interior walls and abundant natural light, creating a welcoming and productive workspace. The building comprises approximately 11,700 square feet on the first floor and 4,860 square feet on the second floor, situated on a 0.27-acre lot. Enjoy stunning views of Lookout Mountain from this prime Southside location, within walking distance of numerous restaurants and hotels. On-site parking accommodates 8 vehicles, with ample additional options nearby. The property includes a pleasant outdoor courtyard, adding to its appeal. The building's rich history and desirable location make it an ideal investment for a variety of businesses. The asking price is $3,200,000. APN: 145L A 007.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1920
Total area
16,560 SF
Lot
0.27 ac (11,960 SF)
Zoning code
M1
APN
145L A 007
UPID
US80-1880228
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
-
Artech Design Group Interior Design Home Decor Store
-
Hudson David Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.95M
Owner & transaction history
Thomas Austin Company LLC · 27 yrs held
Thomas Austin Company LLC
since 1999
7 recorded transactions
Zoning & alternative use
M1 · Chattanooga, TN
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 Chattanooga submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chattanooga 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,995,000
Current use
Blend value · Realmo final
$1.95M
Range $1.76M – $2.15M · ±10%
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
$118 / 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
$10,873
Tax year 2023
Assessed value
$486,000
Assessed 2023
Previous assessed
$486,000
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$478,400
Improvement market value
$736,600
Total market value
$1,215,000
Applied tax rate
1.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1920
Heating
YES
Stories
1
Total area
16,560 SF
Lot
0.27 ac (11,960 SF)
Zoning code
M1
APN
145L A 007
UPID
US80-1880228
Jurisdiction
HAMILTON
Zoning & alternative use
M1 · Chattanooga, TNZoning M1 · permitted uses
M1 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$3.0M
COMMERCIAL (GENERAL) 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
1920
Heating
YES
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Thomas Austin Company LLC
Entity
Mailing address
1410 COWART ST, CHATTANOOGA, TN 37408-1113
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 19, 2018
—
1814 Partners LP
—
Deed
related
$1,300,000 · Pinnacle Bk
Mar 1, 2018
—
1814 Partners LP
—
Deed
related
$285,594 · Pinnacle Bk
Apr 28, 1999
$1,500
Thomas Austin Company LLC
Gorman,inez
Grant Deed
related
—
Jul 31, 1997
$265,722
1814 Partners Ltd Partners
1814 Partners Li
Grant Deed
related
—
Jun 16, 1997
$270,000
Timothy Dale Burney
—
Grant Deed
related
—
—
—
1814 Partners
—
Deed Of Trust
related
$470,000 · Regions Bank
—
—
1814 Partners LP
—
Loan Modification
related
$285,594 · Pinnacle Bk
—
—
1814 Partners LP
—
Loan Modification
related
$1,300,000 · Pinnacle Bk
—
—
1814 Partners
—
Deed Of Trust
related
$1,290,000 · Capitalmark Bank & Trust
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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