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Property profile & analytics
OFF-MARKET
Estimated value
$4,500,000
Bars & Pubs
24 Sta St Chattanooga, TN 37408-2824
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0235545
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
2017
Total area
3,904 SF
Lot
0.19 ac (8,320 SF)
Zoning code
C3
APN
145LAD 008
UPID
US80-0235545
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.50M
Owner & transaction history
Chaudhari Family Limited Partnershi · 4 yrs held
Chaudhari Family Limited Partnershi
since 2022
Last sale
$4.5M
7 recorded transactions
Zoning & alternative use
C3 · Chattanooga, TN
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
$4,075,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.50M
Range $4.05M – $4.95M · ±10% · vs last sale $4.50M (Jul 15 2022)
Last sale anchor
$4.50M
Jul 15 2022
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
$1,153 / 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
$16,268
Tax year 2023
Assessed value
$727,120
Assessed 2023
Previous assessed
$727,120
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$416,000
Improvement market value
$1,401,800
Total market value
$1,817,800
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
2017
Heating
YES
Stories
1
Total area
3,904 SF
Lot
0.19 ac (8,320 SF)
Zoning code
C3
APN
145LAD 008
UPID
US80-0235545
Jurisdiction
HAMILTON
Zoning & alternative use
C3 · Chattanooga, TNZoning C3 · permitted uses
C3 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2017
Heating
YES
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Chaudhari Family Limited Partnershi
Individual
Mailing address
7823 MAGNOLIA LK DR, CHATTANOOGA, TN 37421-8104
Ownership since
2022
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
Jul 15, 2022
$4,500,000
Chaudhari Family Limited Partnershi
Woodlot Development Corporation
Special Warranty Deed
$3,200,000 · The Fidelity Deposit & Discount Bank
Feb 24, 2016
$435,000
Woodlot Dev Corp
Neal,mark E
Warranty Deed
$326,250 · Hometrust Bk
Feb 23, 1998
$27,000
Charles G Lee
—
Grant Deed
related
—
Dec 11, 1997
$30,937
Thomas Austin Company LLC
—
Grant Deed
related
—
—
—
Mark E Neal
—
Loan Modification
related
$235,193 · Community Tr & Banking
—
—
Woodlot Dev Corp
—
Deed Of Trust
related
$2,101,020 · Hometrust Bk
—
—
Woodlot Dev Corp
—
Deed Of Trust
related
$160,000 · Hometrust 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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