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Property profile & analytics
OFF-MARKET
Community centers
1400 Market St Chattanooga, TN 37402-4429
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-1656240
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1907
Total area
51,980 SF
Lot
2.06 ac (89,734 SF)
Zoning code
C3
APN
145E P 005
UPID
US80-1656240
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
-
Chattanooga Jewelry Company (Bike/Boat/Book/etc) Store
-
Choo Choo Centennial Theatre Theater & Performing Art Venue
-
Echelon Studio Gym & Fitness Center
-
Driving Successful Lives Car Donation Chattanooga Association Or Organization
-
Cardtronics ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Trestle Choo Choo LLC · 1 yrs held
Trestle Choo Choo LLC
since 2024
7 recorded transactions
Zoning & alternative use
C3 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$44,002
Tax year 2023
Assessed value
$1,966,760
Assessed 2023
Previous assessed
$1,966,760
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$3,589,400
Improvement market value
$1,327,500
Total market value
$4,916,900
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1907
Heating
NONE
Stories
1
Total area
51,980 SF
Lot
2.06 ac (89,734 SF)
Zoning code
C3
APN
145E P 005
UPID
US80-1656240
Jurisdiction
HAMILTON
Zoning & alternative use
C3 · Chattanooga, TN
Zoning C3 · permitted uses
C3 · 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
1907
Heating
NONE
Stories
1
Lot
2.06 ac
Current owner
From public records · entity-resolved
Trestle Choo Choo LLC
Entity
Free & Clear · 1 yrs held
Mailing address
640 N LA SALLE DR CHICAGO
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2024
—
Trestle Choo Choo LLC
Trestle Choo Choo Hotel Lcl
Agreement Of Sale
—
Feb 12, 2024
$200,000
Np Choo Choo Dome LLC
Preserve Chattanooga INC
Limited Warranty Deed
$8,300,000 · Simmons Bank
Aug 3, 2021
—
Np Choo Choo LLC
Choo Choo Partners LP
Quit Claim Deed
related
—
Nov 9, 2018
—
Choo Choo Partners LP
Health Educational
Quit Claim Deed
related
—
Jul 28, 2016
—
Choo Choo Partners LP
Norfolk Southern Railway Co
Quit Claim Deed
related
—
Nov 6, 1980
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jun 26, 1974
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim 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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