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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Office Spaces
1216 Main St Chattanooga, TN 37408-1614
Individually Owned
8-yr Hold
Free & Clear
Property ID
US80-2849899
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1910
Total area
18,866 SF
Lot
0.53 ac (23,087 SF)
Zoning code
UGC
APN
146P K 018.01
UPID
US80-2849899
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
-
Crye Lacy Homes Real Estate Agency
-
NE Group - A Chattanooga Engineering group General Contractor
-
Uptown Firm Real Estate Agency
-
Hank DeHart - State Farm Insurance Agent Insurance Agency
-
Matthew Ballard Real Estate Broker - Uptown Firm Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.36M
Owner & transaction history
Heidi Hefferlin · 8 yrs held
Heidi Hefferlin
since 2018
7 recorded transactions
Zoning & alternative use
UGC · 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
$1.36M
Range $1.22M – $1.49M · ±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
$72 / 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
$6,306
Tax year 2023
Assessed value
$281,840
Assessed 2023
Previous assessed
$281,840
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$273,500
Improvement market value
$431,100
Total market value
$704,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1910
Heating
NONE
Stories
1
Total area
18,866 SF
Lot
0.53 ac (23,087 SF)
Zoning code
UGC
APN
146P K 018.01
UPID
US80-2849899
Jurisdiction
HAMILTON
Zoning & alternative use
UGC · Chattanooga, TN
Zoning UGC · permitted uses
UGC · 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
1910
Heating
NONE
Stories
1
Lot
0.53 ac
Current owner
From public records · entity-resolved
Heidi Hefferlin
Individual
Free & Clear · 8 yrs held
Mailing address
1216 E MAIN ST STE #120, CHATTANOOGA, TN 37408-1615
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2018
$110,000
Heidi Hefferlin
Majors S & H F/tr
Warranty Deed
—
Mar 14, 2018
—
Wheelhouse Holdings Gp
—
Deed
related
$1,596,383 · Pinnacle Bk/sioux Cty
Dec 1, 2017
—
Wheelhouse Holdings Gp
Wheelhouse Holdings LLC
Quit Claim Deed
related
—
Jun 8, 2017
—
Chris Ramey
—
Deed
related
$365,272 · Pinnacle Bk
Mar 16, 2017
—
Wheelhouse Holdings LLC
—
Deed
related
$365,272 · Pinnacle Bk
—
—
Wheelhouse Holdings LLC
—
Deed Of Trust
related
$350,000 · Capitalmark Bk&tr
—
—
Wheelhouse Holdings LLC
—
Deed Of Trust
related
$1,163,617 · Capitalmark Bk&tr
—
—
Wheelhouse Holdings LLC
—
Loan Modification
related
$365,272 · Pinnacle Bk
—
—
Chris Ramey
—
Loan Modification
related
$365,272 · Pinnacle Bk
—
—
Wheelhouse Holdings Gp
—
Deed Of Trust
related
$1,596,383 · Pinnacle Bk/sioux Cty
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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