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Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Manufacturing properties
2310 Vance Ave Chattanooga, TN 37404-3723
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-2041671
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1947
Total area
60,330 SF
Lot
2.44 ac (106,286 SF)
Zoning code
M1
APN
146N U 015
UPID
US80-2041671
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
-
TEREN (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.48M
Blend (final)
Blend
$1.48M
Owner & transaction history
Ltr Properties LLC · 6 yrs held
Ltr Properties LLC
since 2019
Last sale
$6,000
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
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
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±10% · vs last sale $6k (Jan 21 2020)
Last sale anchor
$6k
Jan 21 2020
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
$24 / 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
$5,591
Tax year 2023
Assessed value
$249,920
Assessed 2023
Previous assessed
$249,920
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$138,200
Improvement market value
$486,600
Total market value
$624,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1947
Heating
YES
Stories
2
Total area
60,330 SF
Lot
2.44 ac (106,286 SF)
Zoning code
M1
APN
146N U 015
UPID
US80-2041671
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
1947
Heating
YES
Stories
2
Lot
2.44 ac
Current owner
From public records · entity-resolved
Ltr Properties LLC
Entity
Mailing address
951 S WATKINS ST, CHATTANOOGA, TN 37404-3831
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2021
—
Ltr Properties LLC
—
Deed
related
$1,265,000 · Tennessee Valley FCU
Dec 30, 2019
$610,000
Ltr Properties LLC
Clyde Worley
Warranty Deed
$1,073,667 · Tennessee Vly FCU
Jun 29, 2012
$300,000
Clyde Worley
M & W Capital LLC
Warranty Deed
$255,000 · M&w Capital LLC
Jun 8, 2012
$100,000
Auction Listings Trust
Tennessee Mills LLC
Warranty Deed
—
Oct 26, 2007
$3,725,000
Tennessee Mills LLC
Nl Ventures V Mercer
Grant Deed
$8,225,000 · Ronald G Fishman & Assocs INC
Apr 8, 2005
$3,425,000
Nl Ventures V Mercer
Rl Stowe Mills INC
Warranty Deed
—
Jun 16, 1999
—
R L Stowe Mills INC
Dixie Yarns 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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