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Property profile & analytics
OFF-MARKET
Estimated value
$3,190,000
Manufacturing properties
1111 39th St Chattanooga, TN 37407-2500
Entity Owned
Free & Clear
Property ID
US80-3315417
Property summary
AI-generated overview
This exceptional 39,000 square foot warehouse, situated on a 2.47-acre lot in Chattanooga, Tennessee (APN: 167D F 013), presents a compelling investment opportunity. The all-masonry structure boasts a 20-foot ceiling height, five loading docks, and three drive-in doors, ensuring efficient operations. Conveniently located just off 39th Street at Jerome Avenue, this property offers easy access to Interstate 24 (1.5 miles away), enhancing its logistical appeal. The property is zoned M1 and is ready for occupancy on February 1, 2025. A significant portion of the warehouse (19,500 square feet) is currently available for lease, featuring 2 dock doors, 1 drive-in door, and a 4,000 square foot office space with 10 offices, 2 restrooms, and a breakroom. Lease terms include 480V 3-phase power and LED lighting. The asking price for the entire property is $3,250,000. The 2023 real estate taxes for the city and county totaled $24,687.33. Detailed lease information is available upon request. This property represents a strong investment opportunity in a desirable Chattanooga location.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1970
Total area
45,004 SF
Lot
2.47 ac (107,593 SF)
Zoning code
M1
APN
167D F 013
UPID
US80-3315417
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
-
DecoPrint of Chattanooga (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.48M
Comparable Approach
Comparable
$3.25M
Blend (final)
Blend
$3.19M
Owner & transaction history
Astec INC
Astec INC
since 2025
Last sale
$2.8M
6 recorded transactions
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+0.5%
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
$3,495,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,770,000
6.5%
$3,480,000
7%
$3,230,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,805,000
Current use
COMMERCIAL (GENERAL)
$2,820,000
Change: +0% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,455,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$3.19M
Range $2.87M – $3.51M · ±10% · vs last sale $2.84M (Jul 21 2025)
Last sale anchor
$2.84M
Jul 21 2025
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
$71 / 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
$12,309
Tax year 2023
Assessed value
$550,160
Assessed 2023
Previous assessed
$550,160
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$139,900
Improvement market value
$1,235,500
Total market value
$1,375,400
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
1970
Heating
NONE
Buildings
7
Stories
1
Total area
45,004 SF
Lot
2.47 ac (107,593 SF)
Zoning code
M1
APN
167D F 013
UPID
US80-3315417
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.5M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1970
Heating
NONE
Stories
1
Buildings
7
Lot
2.47 ac
Current owner
From public records · entity-resolved
Astec INC
Entity
Free & Clear · 0 yrs held
Mailing address
115 LK SHR DR, FREDERICKSBURG, VA 22405-3121
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 21, 2025
$2,838,500
Astec INC
Lendall Lake LLC
Warranty Deed
—
Sep 16, 2021
$2,750,000
Lendall Lake LLC
R&t Holdings Gp
Warranty Deed
$2,195,269 · Tennessee Valley FCU
Oct 25, 2016
—
R & T Holdings Gp
—
Deed
related
$105,000 · Tennessee Vly FCU
Sep 13, 2013
—
R & T Holdings
Bruce M Trantham
Quit Claim Deed
related
$1,220,000 · Tennessee Valley FCU
Oct 15, 2008
$1,250,000
Bruce M Trantham
Moore,a C JR & Elizabeth E
Warranty Deed
$1,250,000 · Simonds Timothy R JR (te)
—
—
R & T Holdings Gp
—
Deed Of Trust
related
$105,000 · Tennessee Vly FCU
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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