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Property profile & analytics
OFF-MARKET
Estimated value
$310,000
Gas stations
117 Lee Pkwy Dr Chattanooga, TN 37421-8600
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1834537
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
2001
Total area
3,928 SF
Lot
0.4 ac (17,500 SF)
Zoning code
C2
APN
148D E 022.05
UPID
US80-1834537
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
-
FREEDOM WARRANTY Loan Service
-
James Boykin Tutoring Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$310k
Owner & transaction history
Cortland Blackstone LLC · 5 yrs held
Cortland Blackstone LLC
since 2020
Last sale
$325,000
7 recorded transactions
Zoning & alternative use
C2 · 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
$310,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$310k
Range $279k – $341k · ±10% · vs last sale $325k (Sep 15 2020)
Last sale anchor
$325k
Sep 15 2020
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
$79 / 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
$4,484
Tax year 2023
Assessed value
$200,440
Assessed 2023
Previous assessed
$200,440
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$86,600
Improvement market value
$414,500
Total market value
$501,100
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
2001
Heating
NONE
Buildings
3
Stories
1
Total area
3,928 SF
Lot
0.4 ac (17,500 SF)
Zoning code
C2
APN
148D E 022.05
UPID
US80-1834537
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Chattanooga, TNZoning C2 · permitted uses
C2 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Stories
1
Buildings
3
Lot
0.4 ac
Current owner
From public records · entity-resolved
Cortland Blackstone LLC
Entity
Mailing address
3520 GULF HBR CT, BONITA SPRINGS, FL 34134-7515
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
—
Cortland Blackstone LLC
—
Deed
related
$553,000 · Velocity Commercial Capital LLC
Sep 15, 2020
$325,000
Cortland Blackstone LLC
Freedom Warranty Of America LLC
Warranty Deed
—
Apr 2, 2018
—
Freedom Warranty Of America Ll
—
Trustees Deed
related
$100,000 · First Volunteer Bk
Nov 21, 2017
$435,000
Freedom Warranty Of America Ll
Touchstone Property Group LLC
Warranty Deed
$345,816 · First Volunteer Bk
Sep 29, 2010
—
Touchstone Property Group LLC
Lucky 7 Seminars LLC
Quit Claim Deed
related
—
Apr 17, 2007
—
Lucky 7 Seminars LLC
Advantage Properties Of Tennessee L
Quit Claim Deed
related
$385,000 · Citizens Tri County Bank
Mar 17, 2004
$425,000
Advantage Properties
Venture Investme
Grant Deed
—
Mar 12, 2004
$425,000
Record Owner
Owner,record
Warranty Deed
related
—
Jan 13, 2004
—
Venture Investments
Chattanooga,voic
Grant Deed
related
—
Jan 8, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Dec 15, 2003
—
Venture Investments
Chattanooga,voic
Grant Deed
related
—
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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