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Property profile & analytics
OFF-MARKET
Estimated value
$8,395,000
Grocery and convenience stores
1667 Ooltewah Ringgold Rd Ooltewah, TN 37363-9830
Individually Owned
1-yr Hold
Free & Clear
Property ID
US80-0623893
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2007
Total area
63,692 SF
Lot
13.27 ac (578,041 SF)
Zoning code
C2
APN
172 050
UPID
US80-0623893
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
-
Snap Fitness Chattanooga Gym & Fitness Center
-
Food City Grocery & Convenience Store Food Market
-
Herbalife East Hamilton Nutrition Pharmacy (Bike/Boat/Book/etc) Store
-
Bryman's Cleaners (Bike/Boat/Book/etc) Store
-
Papa Johns Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.33M
Blend (final)
Blend
$8.40M
Owner & transaction history
Revocable Tr Agmt Of Nelda Jones Jo · 1 yrs held
Revocable Tr Agmt Of Nelda Jones Jo
since 2025
Last sale
$6.8M
7 recorded transactions
Zoning & alternative use
C2 · Ooltewah, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$12.3M
+62.3%
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 Ooltewah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ooltewah 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
$8,395,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$7,565,000
Current use
AUTO REPAIR, GARAGE
$12,275,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$8.40M
Range $7.56M – $9.23M · ±10% · vs last sale $6.78M (Jun 11 2021)
Last sale anchor
$6.78M
Jun 11 2021
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
$132 / 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
$73,633
Tax year 2023
Assessed value
$3,263,600
Assessed 2023
Previous assessed
$3,085,520
+5.8% YoY
Effective rate
2.26%
On assessed value
Land market value
$3,699,500
Improvement market value
$4,459,500
Total market value
$8,159,000
Applied tax rate
2.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2007
Heating
NONE
Buildings
6
Stories
1
Total area
63,692 SF
Lot
13.27 ac (578,041 SF)
Zoning code
C2
APN
172 050
UPID
US80-0623893
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Ooltewah, TNZoning C2 · permitted uses
C2 · Ooltewah, TN
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
RETAIL STORES Current
Est. value
$7.6M
AUTO REPAIR, GARAGE
Est. value
$12.3M
RETAIL STORES 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
2007
Heating
NONE
Stories
1
Buildings
6
Lot
13.27 ac
Current owner
From public records · entity-resolved
Revocable Tr Agmt Of Nelda Jones Jo
Individual
Free & Clear · 1 yrs held
Mailing address
3663 WOODWARD AVE STE #550, DETROIT, MI 48201-2498
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2025
$359,000
Revocable Tr Agmt Of Nelda Jones Jo
Gary N Summey
Warranty Deed
—
Dec 19, 2022
—
Marianne Hart Greene
—
Deed
related
$200,000 · Truist Bank
Jun 11, 2021
—
Stonebrook Sc Associates LLC
Stonebrook Shopping Center LLC
Quit Claim Deed
related
$6,160,000 · Goldman Sachs Bank USA
Jan 8, 2019
—
East Haven Partners LLC
—
Deed
related
$550,000 · Clayton Prop Grp INC
Jun 9, 2011
$6,775,000
Stonebrook Shopping Center LLC
The Shoppes At Stonebrook LLC
Limited Warranty Deed
$4,500,000 · Citigroup Global Markets Realty Cor
Apr 10, 2007
$1,238,200
The Shoppes At Stonebrook LLC
Bi Lo LLC
Special Warranty Deed
$7,245,000 · Wachovia Bank NA
Feb 20, 2007
$1,757,500
Bi-lo LLC
Ridge & River Properties LLC
Grant Deed
—
Dec 21, 2006
$1,650,000
Pratt & Associates LLC
Ridge & River Properties LLC
Grant Deed
$1,650,000 · Amsouth Bank
May 3, 2006
$2,750,000
Ridge & River Properties LLC
Worley,doris G
Warranty Deed
$2,392,619 · Fsgbank
Oct 11, 1999
$85,000
Golden Gallon INC
Worley,charles L
Grant Deed
—
Sep 8, 1997
—
Lyle Finley
—
Deed Of Trust
related
—
—
—
East Haven Partners LLC
—
Deed Of Trust
related
$550,000 · Clayton Prop Grp INC
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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