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Property profile & analytics
OFF-MARKET
Estimated value
$8,220,000
Hotels
2321 Lifestyle Way Chattanooga, TN 37421-2291
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1853681
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2013
Total area
50,506 SF
Lot
5.14 ac (223,898 SF)
Zoning code
MD
APN
149H A 019.06
UPID
US80-1853681
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
-
Nothing Bundt Cakes Bakery Specialty Food Shop
-
Ruth's Chris Steak House Take-out & Catering Catering Service
-
Encore Rental Equipment Company Tech Support Center
-
Embassy Suites by Hilton Chattanooga Hamilton Place Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.22M
Blend (final)
Blend
$8.22M
Owner & transaction history
Chattanooga Hotel Prop Investment L · 1 yrs held
Chattanooga Hotel Prop Investment L
since 2024
5 recorded transactions
Zoning & alternative use
MD · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.3M
+139.6%
Auto repair, garage
$10.7M
+109.7%
Commercial (general)
$9.7M
+88.9%
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
HOTEL/MOTEL
$5,115,000
Current use
MEDICAL BUILDING
$12,255,000
Change: +140% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,725,000
Change: +110% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,660,000
Change: +89% · Conversion: Difficult
RETAIL STORES
$6,800,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$8.22M
Range $7.40M – $9.04M · ±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
$163 / 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
$208,528
Tax year 2023
Assessed value
$9,320,520
Assessed 2023
Previous assessed
$9,320,520
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$2,997,400
Improvement market value
$20,303,900
Total market value
$23,301,300
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Total area
50,506 SF
Lot
5.14 ac (223,898 SF)
Zoning code
MD
APN
149H A 019.06
UPID
US80-1853681
Jurisdiction
HAMILTON
Zoning & alternative use
MD · Chattanooga, TN
Zoning MD · permitted uses
MD · 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
HOTEL/MOTEL Current
Est. value
$5.1M
MEDICAL BUILDING
Est. value
$12.3M
AUTO REPAIR, GARAGE
Est. value
$10.7M
COMMERCIAL (GENERAL)
Est. value
$9.7M
RETAIL STORES
Est. value
$6.8M
HOTEL/MOTEL Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
2013
Heating
NONE
Stories
1
Lot
5.14 ac
Current owner
From public records · entity-resolved
Chattanooga Hotel Prop Investment L
Entity
Mailing address
801 BROAD ST STE #200, CHATTANOOGA, TN 37402-2631
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Aug 7, 2024
—
Chattanooga Hotel Prop Investment L
—
Deed
related
$5,000,000 · The Hardin County Bank
Feb 17, 2022
—
Chattanooga Hotel Prop Investment L
—
Deed
related
$35,000,000 · Commercial Bank
Sep 29, 2017
—
Chattanooga Hotel Prop Investm
—
Grant Deed
related
$30,000,000 · Simmons Bk
May 30, 2017
—
Chattanooga Hotel Prop Investm
—
Loan Modification
related
$24,900,000 · Bank Of The Ozarks
—
—
Chattanooga Hotel Prop Inv LLC
—
Deed Of Trust
related
$24,900,000 · Community Sthrn Bk
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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