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Property profile & analytics
OFF-MARKET
Estimated value
$1,660,000
Manufacturing properties
1101 Watkins St Chattanooga, TN 37404-4616
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-2071598
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1920
Total area
77,120 SF
Lot
1.93 ac (84,071 SF)
Zoning code
M1
APN
156C C 001
UPID
US80-2071598
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
-
Punk Rock Academy Training Center Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.66M
Owner & transaction history
Ridgedale Mill LLC · 8 yrs held
Ridgedale Mill LLC
since 2018
7 recorded transactions
Zoning & alternative use
M1 · Chattanooga, TN
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 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
Blend value · Realmo final
$1.66M
Range $1.49M – $1.83M · ±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
$22 / 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
$2,449
Tax year 2023
Assessed value
$109,440
Assessed 2023
Previous assessed
$109,440
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$95,400
Improvement market value
$178,200
Total market value
$273,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1920
Heating
YES
Stories
2
Total area
77,120 SF
Lot
1.93 ac (84,071 SF)
Zoning code
M1
APN
156C C 001
UPID
US80-2071598
Jurisdiction
HAMILTON
Zoning & alternative use
M1 · Chattanooga, TN
Zoning M1 · permitted uses
M1 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chattanooga. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Heating
YES
Stories
2
Lot
1.93 ac
Current owner
From public records · entity-resolved
Ridgedale Mill LLC
Entity
Mailing address
951 S WATKINS ST, CHATTANOOGA, TN 37404-3831
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2018
$525,000
Ridgedale Mill LLC
Dew S Watkins LLC
Warranty Deed
$460,000 · Albert T Wilt
Oct 7, 2014
$400,000
Dew S Watkins LLC
Jbh Holdings LLC
Grant Deed
$340,000 · Jbh Holdings LLC
Sep 27, 2012
$130,000
Jbh Holdings LLC
Auction Listings Trust
Grant Deed
—
Jun 8, 2012
$100,000
Auction Listings Trust
Tennessee Mills LLC
Warranty Deed
—
Oct 26, 2007
$3,725,000
Tennessee Mills LLC
Nl Ventures V Mercer
Grant Deed
$8,225,000 · Ronald G Fishman & Assocs INC
Apr 8, 2005
$3,425,000
Nl Ventures V Mercer
Rl Stowe Mills INC
Warranty Deed
—
Jun 16, 1999
—
R L Stowe Mills INC
Dixie Yarns INC
Grant Deed
related
—
—
—
Jbh Holdings LLC
—
Deed Of Trust
related
$150,000 · Southeast 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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