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Property profile & analytics
FOR LEASE
Community centers
2115 Chapman Rd Chattanooga, TN 37421
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3459434
For Lease
1 / 2
$10 SF/Yr
2115 Chapman Rd, Chattanooga, TN 37421
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Property summary
AI-generated overview
This exceptional creative office space, located at 2115 Chapman Road in Chattanooga, Tennessee, offers 68,454 square feet of versatile workspace. Built in 1984, the property currently has 3,879 square feet of vacant space available for lease within a multi-tenant building. The building's creative office subtype makes it ideal for businesses seeking a unique and inspiring work environment. Its convenient location offers easy access to Highway 153 via the Shallowford Road exit. The property enjoys a highly visible position, situated east of Highway 153, between Texaco and BP gas stations, and adjacent to Hunt Nissan. This prime location provides excellent visibility and accessibility for employees and clients alike. The property's substantial size and flexible layout provide ample opportunity for businesses of various sizes and needs. Interested parties are encouraged to inquire about lease terms and availability for the currently vacant 3,879 square feet. The zip code for this property is 37421.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1984
Total area
70,582 SF
Lot
3.9 ac (169,884 SF)
Zoning code
M1
APN
138J A 008.01
UPID
US80-3459434
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
-
Factory Direct Wallpaper (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
The Rock City Handyman, LLC. Hardware & Home Improvement General Contractor
-
Heartland Micropayments Loan Service
-
Allied Universal® Security Services Security Service
-
Blindsmax (Bike/Boat/Book/etc) Store Home Decor Store
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
Capital Bk · 13 yrs held
Capital Bk
since 2013
6 recorded transactions
Zoning & alternative use
M1 · 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
$20,547
Tax year 2023
Assessed value
$918,400
Assessed 2023
Previous assessed
$918,400
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$962,400
Improvement market value
$1,333,600
Total market value
$2,296,000
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
For Lease
Year built
1984
Heating
YES
Stories
1
Total area
70,582 SF
Lot
3.9 ac (169,884 SF)
Zoning code
M1
APN
138J A 008.01
UPID
US80-3459434
Jurisdiction
HAMILTON
Zoning & alternative use
M1 · Chattanooga, TN
Zoning M1 · permitted uses
M1 · 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
1984
Heating
YES
Stories
1
Lot
3.9 ac
Current owner
From public records · entity-resolved
Capital Bk
Entity
Free & Clear · 13 yrs held
Mailing address
4820 OLD KINGSTON PIKE, KNOXVILLE, TN 37919-6424
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2021
—
Trinity Capital Partners
—
Deed
related
$11,500,000 · Knoxville Tva Employees Cu
May 14, 2018
—
Trinity Capital Partners
—
Grant Deed
related
$2,000,000 · Mountain Cmrc Bk
Jun 16, 2016
—
Trinity Capital Partners
—
Deed
related
$3,316,954 · Mountain Cmrc Bk
Feb 4, 2013
$1,987,200
Capital Bk
Mcallester Sam J
Trustees Deed
related
—
Oct 20, 2006
$3,350,000
Shallowford Holdings LLC
Shallowford Busn Park Assocs L
Grant Deed
$2,900,000 · Middle Tennessee Bank
—
—
Trinity Capital Partners
—
Loan Modification
related
$3,316,954 · Mountain Cmrc Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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