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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Manufacturing properties
2121 Chestnut St Chattanooga, TN 37408-2410
Trust Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-3461265
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1960
Total area
13,025 SF
Lot
0.7 ac (30,360 SF)
Zoning code
M1
APN
145K D 027
UPID
US80-3461265
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
-
SouthEastern Tool & Design, Inc. Production Facility
-
Fresh Air Duct Cleaning HVAC Service
-
Vinterest Southside Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$854k
Blend (final)
Blend
$855k
Owner & transaction history
Ziebold,louis & Mary L Trust · 6 yrs held
Ziebold,louis & Mary L Trust
since 2019
7 recorded transactions
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.1M
+33.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$810,000
Current use
WAREHOUSE, STORAGE
$1,085,000
Change: +34% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±10%
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
$66 / 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
$3,232
Tax year 2023
Assessed value
$144,480
Assessed 2023
Previous assessed
$144,480
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$80,500
Improvement market value
$280,700
Total market value
$361,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1960
Heating
YES
Stories
1
Total area
13,025 SF
Lot
0.7 ac (30,360 SF)
Zoning code
M1
APN
145K D 027
UPID
US80-3461265
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.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$810,000
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1960
Heating
YES
Stories
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Ziebold,louis & Mary L Trust
Trust
Free & Clear · 6 yrs held
Mailing address
2303 E BROW RD, SIGNAL MOUNTAIN, TN 37377-3396
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2020
—
Louis & Mary Lee Ziebold Trust
—
Deed
related
$300,000 · Smartbank
Jan 9, 2020
—
Louis C Ziebold
—
Deed
related
$40,000 · Firstbank
Nov 12, 2019
—
Ziebold,louis & Mary L Trust
Louis C Ziebold
Quit Claim Deed
related
—
Jul 8, 2019
—
Louis C Ziebold
—
Deed Of Trust
related
$40,000 · Firstbank
Jan 19, 2017
—
Louis C Ziebold
—
Deed
related
$347,879 · Firstbank
Jun 30, 2011
$340,000
Lou C Ziebold
Suntrust Bank
Special Warranty Deed
$225,713 · First Tennessee Bank NA
Mar 11, 2010
$425,000
Suntrust Bk
Steen Ronald G JR
Trustees Deed
related
—
Jul 30, 2008
—
River City Tile & Granite INC
Charles Keplinger II
Quit Claim Deed
related
$620,000 · Suntrust Bank
Jun 15, 2007
$290,000
Charles Keplinger II
Stacy C Stewart
Warranty Deed
$290,000 · First Tennessee Bank NA
Jul 25, 1994
$111,250
Stacy Stewart
Unknown,
Grant Deed
$127,500 · First Tennessee Bank Of Tn
Jul 22, 1994
$111,250
Stacy C Etal Stewart
Unknown
Grant Deed
—
—
—
Lou C Ziebold
—
Deed Of Trust
related
$217,000 · Northwest Ga Bank
—
—
Louis C Ziebold
—
Loan Modification
related
$40,000 · Firstbank
—
—
Lou C Ziebold
—
Deed Of Trust
related
$167,000 · Brightbridge INC
—
—
Louis C Ziebold
—
Deed Of Trust
related
$347,879 · Firstbank
—
—
Louis & Mary Lee Ziebold Trust
—
Deed Of Trust
related
$300,000 · Smartbank
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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