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Property profile & analytics
OFF-MARKET
Estimated value
$30,000,000
Retail space
2288 Gunbarrel Rd Chattanooga, TN 37421-2609
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-0935483
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1993
Total area
111,952 SF
Lot
9.67 ac (421,225 SF)
Zoning code
C2
APN
149H F 001
UPID
US80-0935483
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
-
Pier 88 Boiling Seafood & Bar Chattanooga Restaurant
-
New Again Houses® Chattanooga Real Estate Agency
-
3 Phase Associates, LLC Engineering Consultant Building Design Company
-
Amazon Hub Locker - Bush Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$30.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$30.00M
Owner & transaction history
Overlook Gunbarrel LLC · 1 yrs held
Overlook Gunbarrel LLC
since 2024
Last sale
$30.0M
5 recorded transactions
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$27.2M
+80.2%
Auto repair, garage
$23.8M
+57.7%
Commercial (general)
$21.4M
+42.1%
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
$30,000,000
ML approach
$30,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$27,160,000
Change: +80% · Conversion: Difficult
AUTO REPAIR, GARAGE
$23,770,000
Change: +58% · Conversion: Difficult
COMMERCIAL (GENERAL)
$21,420,000
Change: +42% · Conversion: Easy
Blend value · Realmo final
$30.00M
Range $27.00M – $33.00M · ±10% · vs last sale $30.00M (Oct 1 2024)
Last sale anchor
$30.00M
Oct 1 2024
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
$268 / 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
$146,165
Tax year 2023
Assessed value
$6,533,120
Assessed 2023
Previous assessed
$6,533,120
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$7,259,500
Improvement market value
$9,073,300
Total market value
$16,332,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1993
Heating
NONE
Buildings
5
Stories
1
Total area
111,952 SF
Lot
9.67 ac (421,225 SF)
Zoning code
C2
APN
149H F 001
UPID
US80-0935483
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Chattanooga, TN
Zoning C2 · permitted uses
C2 · 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
MEDICAL BUILDING
Est. value
$27.2M
AUTO REPAIR, GARAGE
Est. value
$23.8M
COMMERCIAL (GENERAL)
Est. value
$21.4M
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1993
Heating
NONE
Stories
1
Buildings
5
Lot
9.67 ac
Current owner
From public records · entity-resolved
Overlook Gunbarrel LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX A3879, CHICAGO, IL 60690-3879
Ownership since
2024
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
Nov 25, 2025
—
Lmrk Propco LLC
—
Deed
related
—
Oct 1, 2024
$30,000,000
Overlook Gunbarrel LLC
New Market Overlook LLC
Special Warranty Deed
—
Jan 7, 2016
—
New Market-overlook LLC
Ddr Overlook Hamilton LLC
Quit Claim Deed
related
—
Jan 7, 2016
$33,800,000
New Market-overlook LLC
Ddr Overlook Hamilton LLC
Grant Deed
$21,000,000 · Miscellaneous Ins Co
Oct 12, 2009
—
Ddr Overlook Hamilton LLC
Jdn Realty Corporation
Quit Claim Deed
related
$400,000,000 · Goldman Sachs Commercial Mortgage C
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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