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Property profile & analytics
OFF-MARKET
Industrial land
1562 51st St Chattanooga, TN 37407
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0235182
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.81 ac (35,100 SF)
Zoning code
M2
APN
168P C 010
UPID
US80-0235182
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
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
James R Page · 1 yrs held
James R Page
since 2024
7 recorded transactions
Zoning & alternative use
M2 · 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
$448
Tax year 2023
Assessed value
$20,040
Assessed 2023
Previous assessed
$20,040
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$47,000
Improvement market value
$3,100
Total market value
$50,100
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.81 ac (35,100 SF)
Zoning code
M2
APN
168P C 010
UPID
US80-0235182
Jurisdiction
HAMILTON
Zoning & alternative use
M2 · Chattanooga, TN
Zoning M2 · permitted uses
M2 · 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
Heating
NONE
Lot
0.81 ac
Current owner
From public records · entity-resolved
James R Page
Individual
Mailing address
411 W GORDON AVE, ROSSVILLE, GA 30741-1226
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 29, 2025
—
James R Page
—
Deed
related
$1,141,200 · First Financial Bank NA
Nov 19, 2024
—
James R Page
James L Page
Quitclaim Deed
related
$1,466,973 · Bank Of Dade
Oct 9, 2013
—
James L Page
Page,james C & James L
Quit Claim Deed
related
—
Jul 22, 2011
—
James C Page
Page,james C & Johnnie F
Quit Claim Deed
related
—
Jul 15, 2010
$25,000
James C Page
Landmark Invtrs Group II INC
Grant Deed
—
Jun 25, 2010
—
Landmark Invtrs Group II INC
Landmark America II INC
Quit Claim Deed
related
—
Nov 19, 2009
$50,000
Landmark America II INC
Scearce Camden B JR
Trustees 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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