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Property profile & analytics
FOR LEASE
Manufacturing properties
2685 Riverport Rd Chattanooga, TN 37406
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-3001204
For Lease
1 / 36
$10 SF/Yr
2685 Riverport Rd, Chattanooga, TN 37406
View Listing →
Property summary
AI-generated overview
This state-of-the-art, 223,360-square-foot Class A industrial building in Chattanooga's Centre South Riverport Industrial Park offers unparalleled flexibility. Situated on 18.34 acres, this 2-story building boasts a 35-foot building height with a minimum clear height of 23'2". The property features 14 dock-high doors, 2 drive-in doors, and ample parking (252 spaces). With 40' x 30' column spacing, the space is easily divisible into up to seven units, each with loading dock capabilities, water, sewer, power, and gas connections. The building is equipped with a sprinkler system and a 6" concrete slab designed for 500 PSF uniform loading. Its prime location offers easy access to major transportation routes and is within a two-hour drive of Atlanta, Nashville, Knoxville, Birmingham, and Huntsville. M-1 zoning allows for a variety of industrial and flex uses. This exceptional property is ideal for a single large tenant or multiple smaller businesses seeking high-quality space in a thriving industrial corridor. The building is scheduled to open in Spring 2024.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1989
Total area
21,340 SF
Lot
18.34 ac (798,890 SF)
APN
127K A 001.16
UPID
US80-3001204
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
$3.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.13M
Blend (final)
Blend
$3.00M
Owner & transaction history
Riverport Opportunity Spe LLC · 2 yrs held
Riverport Opportunity Spe LLC
since 2024
Last sale
$3.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.5M
+240.5%
Retail stores
$2.6M
+94.9%
Commercial (general)
$1.9M
+41.8%
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
$3,000,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,530,000
Change: +240% · Conversion: Easy
RETAIL STORES
$2,595,000
Change: +95% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,885,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10% · vs last sale $3.00M (Jan 23 2024)
Last sale anchor
$3.00M
Jan 23 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
$141 / 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
$33,206
Tax year 2023
Assessed value
$1,484,200
Assessed 2023
Previous assessed
$1,484,200
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$1,360,200
Improvement market value
$2,350,300
Total market value
$3,710,500
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
For Lease
Year built
1989
Heating
NONE
Buildings
4
Stories
1
Total area
21,340 SF
Lot
18.34 ac (798,890 SF)
APN
127K A 001.16
UPID
US80-3001204
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$1.9M
AUTO REPAIR, GARAGE
RETAIL STORES
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
1989
Heating
NONE
Stories
1
Buildings
4
Lot
18.34 ac
Current owner
From public records · entity-resolved
Riverport Opportunity Spe LLC
Entity
Mailing address
735 BROAD ST STE #600, CHATTANOOGA, TN 37402-2900
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
Jan 23, 2024
—
Riverport Opportunity Spe LLC
Opportunity Business LLC
Quit Claim Deed
related
$22,456,000 · Protective Life Insurance Co
Dec 21, 2023
$3,000,000
Fortis Re Holdings LLC
Riverpoint Opportunity Business LLC
Warranty Deed
$3,000,000 · Southeast Bank
Sep 11, 2020
$3,700,000
Riverport Opportunity Busn LLC
Topp Properties LLC
Warranty Deed
$2,500,000 · Southeast Bk
Jul 21, 2020
$1,033,200
Topp Properties LLC
Hamilton Cnty
Grant Deed
—
Oct 20, 2017
—
Topp Properties LLC
—
Trustees Deed
related
$2,625,000 · First Tn 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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