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Property profile & analytics
OFF-MARKET
Estimated value
$3,310,000
Office Spaces
1290 Premier Dr Chattanooga, TN 37421-3568
Entity Owned
16-yr Hold
Free & Clear
Property ID
US80-1537159
Property summary
AI-generated overview
This exceptional Class A office space, totaling 4,715 square feet, is immediately available for lease within the 21,862 square foot 1290 Building, Suite 120, located at 1290 Premier Drive, Chattanooga, TN 37421. The single-story building, constructed in 2001, sits on a 3.61-acre lot in Hamilton County (APN: 158G B 001.02). This traditional office space is part of a multi-tenant building and offers convenient access to major transportation arteries, including I-75 and Highway 153. Its strategic location within The Pointe provides proximity to the Chattanooga Airport, the Hamilton Place Retail Corridor, and downtown Chattanooga, ensuring excellent visibility and accessibility for businesses. The space previously housed a finance company and features cable and gigabit internet access. Public transportation is also readily available. The lease rate is $24.50 per square foot. The maximum contiguous space available is 4,715 square feet.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Total area
22,950 SF
Lot
3.61 ac (157,252 SF)
APN
158G B 001.02
UPID
US80-1537159
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
-
Cheryl Owens - Union Home Mortgage Loan Service Bank
-
Caliber Home Loans Dale Whaley Loan Service Bank
-
Caliber Home Loans Sarah Thomas Loan Service Bank
-
Social Security Administration Government Office Social Security Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.31M
Blend (final)
Blend
$3.31M
Owner & transaction history
1290 Pointe Centre Partners Gp · 16 yrs held
1290 Pointe Centre Partners Gp
since 2009
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.9M
+11.0%
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)
$4,390,000
Current use
AUTO REPAIR, GARAGE
$4,875,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$3.31M
Range $2.98M – $3.64M · ±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
$144 / 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
$19,447
Tax year 2023
Assessed value
$869,200
Assessed 2023
Previous assessed
$869,200
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$621,500
Improvement market value
$1,551,500
Total market value
$2,173,000
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
2001
Heating
NONE
Stories
1
Total area
22,950 SF
Lot
3.61 ac (157,252 SF)
APN
158G B 001.02
UPID
US80-1537159
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
2001
Heating
NONE
Stories
1
Lot
3.61 ac
Current owner
From public records · entity-resolved
1290 Pointe Centre Partners Gp
Entity
Free & Clear · 16 yrs held
Mailing address
1209 CENTRAL AVE #101, CHATTANOOGA, TN 37408-1514
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2016
—
1290 Pointe Centre Partners Gp
—
Deed
related
$1,874,000 · Firstbank
Dec 10, 2009
—
1290 Pointe Centre Partners Gp
Pointe Centre Partners LLC
Quit Claim Deed
related
—
—
—
1290 Pointe Centre Partners Gp
—
Deed Of Trust
related
$1,874,000 · Firstbank
—
—
1290 Pointe Centre Partners Gp
—
Deed Of Trust
related
$1,400,000 · Kansas City Life Insurance Co
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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