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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2121 23rd St Chattanooga, TN 37404-5809
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-2537290
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1968
Total area
5,030 SF
Lot
0.29 ac (12,632 SF)
Zoning code
M1
APN
156G D 044
UPID
US80-2537290
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
-
ATM Atm Professional Services
-
Bitcoin Depot ATM Atm
-
RockItCoin Bitcoin ATM Crypto Atm
-
Stop N Save Grocery & Convenience Store
-
Texaco Gas Station
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
Shri Jalaram Corp · 9 yrs held
Shri Jalaram Corp
since 2017
7 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
$1,910
Tax year 2023
Assessed value
$85,360
Assessed 2023
Previous assessed
$85,360
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$110,500
Improvement market value
$102,900
Total market value
$213,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1968
Heating
NONE
Stories
1
Total area
5,030 SF
Lot
0.29 ac (12,632 SF)
Zoning code
M1
APN
156G D 044
UPID
US80-2537290
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
1968
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Shri Jalaram Corp
Entity
Free & Clear · 9 yrs held
Mailing address
1032 GREENSLAKE RD, CHATTANOOGA, TN 37412-1618
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Mar 9, 2020
—
Shri Jalaram Corp
—
Deed
related
$782,000 · Pinnacle Bk
Apr 6, 2017
—
Shri Jalaram Corp
Naik,arvind K & Kirti
Quit Claim Deed
related
—
Jan 6, 2015
—
Arvind K Naik
—
Trustees Deed
related
$607,000 · Capitalmark Bk&tr
Apr 24, 2014
$335,000
Naik,arvind K & Kirti
Mollod,bernard
Grant Deed
$284,750 · Capitalmark Bk&tr
—
—
Arvind K Naik
—
Deed Of Trust
related
$350,000 · Capitalmark Bk&tr
—
—
Shri Jalaram Corp
—
Deed Of Trust
related
$782,000 · Pinnacle Bk
—
—
Bernard Mollod
—
Deed Of Trust
related
$1,016,904 · Capitalmark Bank & Trust
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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