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Property profile & analytics
OFF-MARKET
Estimated value
$3,485,000
Turn key restaurants
1501 Long St, Chattanooga, TN 37408-1129
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US80-3174544
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1965
Total area
14,558 SF
Lot
0.8 ac (34,664 SF)
Zoning code
C3
APN
145L C 007
UPID
US80-3174544
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
-
The Green Room at Market South Cafe & Coffee Shop
-
Eggman @ Five Wits Brewing Company Restaurant
-
Barrelhouse Ballroom Music Venue Bar & Pub
-
Five Wits Brewing Company Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.49M
Blend (final)
Blend
$3.49M
Owner & transaction history
Byd Long Gp · 11 yrs held
Byd Long Gp
since 2015
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
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
$3.49M
Range $3.14M – $3.83M · ±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
$239 / 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
$22,066
Tax year 2023
Assessed value
$986,280
Assessed 2023
Previous assessed
$986,280
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$1,386,300
Improvement market value
$1,079,400
Total market value
$2,465,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1965
Heating
YES
Stories
1
Total area
14,558 SF
Lot
0.8 ac (34,664 SF)
Zoning code
C3
APN
145L C 007
UPID
US80-3174544
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
1965
Heating
YES
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Byd Long Gp
Individual
Mailing address
345 FRAZIER AVE STE #210, CHATTANOOGA, TN 37405-4283
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2022
—
Byd Long Gp
—
Deed
related
$1,250,000 · Capstar Bank
Jun 5, 2019
—
Byd Long Gp
—
Deed
related
$1,333,000 · Pinnacle Bk
Jun 4, 2015
$1,300,000
Byd Long Gp
Enzos Market LLC
Warranty Deed
$1,105,000 · Capitalmark Bk&tr
May 17, 2012
$712,000
Enzos Market LLC
100 West Main LLC
Deed Of Trust
$3,494,000 · Square 1 Bank
Mar 5, 2008
$550,000
100 West Main LLC
Hills Floral Products Co INC
Warranty Deed
$590,697 · First Volunteer Bank Of Tennessee
Dec 29, 2003
$225,000
Ninety-three S Three
Smith,paul E
Grant Deed
related
—
—
—
Byd Long Gp
—
Loan Modification
related
$1,333,000 · Pinnacle Bk
—
—
100 West Main LLC
—
Deed Of Trust
related
$650,494 · First Volunteer Bank Tennessee
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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