Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$485,000
Warehouses
1897 Myrtle St Chattanooga, TN 37408
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1608081
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1920
Total area
17,305 SF
Lot
0.45 ac (19,603 SF)
Zoning code
UGC
APN
145M S 019
UPID
US80-1608081
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
$678k
Blend (final)
Blend
$485k
Owner & transaction history
Keith Tyler · 3 yrs held
Keith Tyler
since 2023
Last sale
$476,650
7 recorded transactions
Zoning & alternative use
UGC · Chattanooga, TN
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
$485,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$485k
Range $437k – $534k · ±10% · vs last sale $477k (Jun 13 2023)
Last sale anchor
$477k
Jun 13 2023
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
$28 / 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
$3,715
Tax year 2023
Assessed value
$166,040
Assessed 2023
Previous assessed
$166,040
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$282,300
Improvement market value
$132,800
Total market value
$415,100
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1920
Heating
YES
Stories
1
Total area
17,305 SF
Lot
0.45 ac (19,603 SF)
Zoning code
UGC
APN
145M S 019
UPID
US80-1608081
Jurisdiction
HAMILTON
Zoning & alternative use
UGC · Chattanooga, TNZoning UGC · permitted uses
UGC · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1920
Heating
YES
Stories
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Keith Tyler
Individual
Mailing address
733 BURNSIDE PL, CHATTANOOGA, TN 37408-2405
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
—
Burnside Community Holdings LLC
—
Deed
related
$2,960,000 · Pinnacle Bank
Jun 29, 2023
$459,000
Keith Tyler
Rtb Holdings LLC
Warranty Deed
$367,200 · Cogent Bank
Jun 13, 2023
$476,650
Nathan J Andreasen
Rtb Holdings LLC
Warranty Deed
$381,080 · Gate City Bank
Sep 15, 2022
$1,200,000
Urnside Community Holdings LLC
Towson P Engsberg
Warranty Deed
$960,000 · Cogent Bank
Jun 28, 2022
$70,000
Rtb Holdings LLC
Zeroproperties LLC
Warranty Deed
$319,200 · Symplybank
Jan 19, 2022
—
Wlcs Holdings LLC
—
Deed
related
$841,500 · Pinnacle Bank
Apr 8, 2021
—
Towson P Engsberg
Sei Ventures Of Tennessee LLC
Quit Claim Deed
related
—
May 9, 2016
—
Sei Ventures Of Tennessee LLC
Denver Warehouse Ent LLC
Quit Claim Deed
related
$479,346 · Fsgbank NA
May 5, 2016
$235,000
Denver Warehouse Ent LLC
Caraustar Mill Group INC
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1897 Myrtle St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
