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Property profile & analytics
OFF-MARKET
Estimated value
$4,760,000
Industrial properties
1309 Panorama Dr Chattanooga, TN 37421-4770
Entity Owned
~
Est. High Equity
Property ID
US80-3536486
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2013
Total area
21,512 SF
Lot
3.03 ac (131,987 SF)
Zoning code
C2
APN
158F G 004
UPID
US80-3536486
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
-
Bryan Christoffer Alternative Medicine Practice
-
Lash Loft and Brow Bar & Chattanooga Head Spa Spa & Massage Center
-
Banana Tree Organic Salon Hair Salon
-
Sigler's Craft Beer & Cigars (Bike/Boat/Book/etc) Store Bar & Pub
-
100% Chiropractic - Chattanooga Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.76M
Blend (final)
Blend
$4.76M
Owner & transaction history
Gulf States Cold Storage Co
Gulf States Cold Storage Co
since 2026
6 recorded transactions
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$5.2M
+26.8%
Auto repair, garage
$4.6M
+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)
$4,115,000
Current use
MEDICAL BUILDING
$5,220,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$4,570,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$4.76M
Range $4.28M – $5.24M · ±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
$221 / 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
$27,955
Tax year 2023
Assessed value
$1,249,480
Assessed 2023
Previous assessed
$1,249,480
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$1,479,900
Improvement market value
$1,643,800
Total market value
$3,123,700
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Total area
21,512 SF
Lot
3.03 ac (131,987 SF)
Zoning code
C2
APN
158F G 004
UPID
US80-3536486
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Chattanooga, TN
Zoning C2 · permitted uses
C2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.1M
MEDICAL BUILDING
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.6M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
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
2013
Heating
NONE
Stories
1
Lot
3.03 ac
Current owner
From public records · entity-resolved
Gulf States Cold Storage Co
Entity
Mailing address
1721 TORBETT LN, OOLTEWAH, TN 37363-9442
Ownership since
2026
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
Mar 31, 2026
$6,400,000
Gulf States Cold Storage Co
B & M Development LLC
Warranty Deed
—
May 11, 2020
—
B & M Dev LLC
—
Deed
related
$2,200,000 · Community Nat'l Bk
Jun 8, 2012
$775,000
B & M Development LLC
William M Hullander
Limited Warranty Deed
—
Dec 1, 2008
$450,000
William Matthew Hullander
Teena B Johnson
Warranty Deed
—
Feb 16, 2005
—
Teena B Johnson
Johnson,douglass M
Quit Claim Deed
related
—
—
—
B & M Dev LLC
—
Deed Of Trust
related
$2,200,000 · Community Nat'l Bk
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.
Try Rey
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