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Property profile & analytics
OFF-MARKET
Showrooms
2135 Chapman Rd, Chattanooga, TN 37421-1647
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1654351
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1986
Total area
3,540 SF
Lot
4.93 ac (214,751 SF)
Zoning code
M1
APN
138J A 005
UPID
US80-1654351
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
-
Lexus of Chattanooga Parts Auto Parts Store
-
Lexus of Chattanooga Service Auto Repair Shop
-
Lexus of Chattanooga Car Dealership
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
M & G Real Estate LLC · 4 yrs held
M & G Real Estate LLC
since 2021
Last sale
$5.4M
5 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
$46,896
Tax year 2023
Assessed value
$2,096,080
Assessed 2023
Previous assessed
$2,096,080
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$2,842,500
Improvement market value
$2,397,700
Total market value
$5,240,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1986
Heating
YES
Buildings
3
Stories
1
Total area
3,540 SF
Lot
4.93 ac (214,751 SF)
Zoning code
M1
APN
138J A 005
UPID
US80-1654351
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
1986
Heating
YES
Stories
1
Buildings
3
Lot
4.93 ac
Current owner
From public records · entity-resolved
M & G Real Estate LLC
Entity
Free & Clear · 4 yrs held
Mailing address
961 4TH MILE RD, RICHMOND, KY 40475-9227
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$5,375,000
M & G Real Estate LLC
Standerfer Investemnt Company
Warranty Deed
—
Oct 2, 2020
$2,000,000
H Nelson III
Standefer Investment Co
Warranty Deed
$1,912,500 · First Us Bk
Feb 4, 2003
$5,900,000
Investment Standefer
First Tennessee
Grant Deed
—
Feb 23, 1999
—
Freeman Smith
Economy Cars INC
Grant Deed
related
—
Feb 19, 1999
—
Freeman Smith
Economy Cars INC
Grant Deed
related
—
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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