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Property profile & analytics
OFF-MARKET
Estimated value
$2,280,000
Outlet malls
2818 48th St Chattanooga, TN 37407-3300
Entity Owned
8-yr Hold
Free & Clear
Property ID
US80-1789871
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1960
Total area
39,429 SF
Lot
1.65 ac (71,874 SF)
Zoning code
C2
APN
168O B 003
UPID
US80-1789871
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
-
Karpet Korner, Inc Carpet & Flooring Store
-
American Wholesale Appliances Home Appliance Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.28M
Blend (final)
Blend
$2.28M
Owner & transaction history
Equity Solutions Mgmt LLC · 8 yrs held
Equity Solutions Mgmt LLC
since 2018
7 recorded transactions
Zoning & alternative use
C2 · 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
$2.28M
Range $2.05M – $2.51M · ±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
$58 / 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
$4,610
Tax year 2023
Assessed value
$206,040
Assessed 2023
Previous assessed
$206,040
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$170,300
Improvement market value
$344,800
Total market value
$515,100
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1960
Heating
NONE
Buildings
3
Stories
1
Total area
39,429 SF
Lot
1.65 ac (71,874 SF)
Zoning code
C2
APN
168O B 003
UPID
US80-1789871
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.
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
1
Buildings
3
Lot
1.65 ac
Current owner
From public records · entity-resolved
Equity Solutions Mgmt LLC
Entity
Free & Clear · 8 yrs held
Mailing address
PO BOX 1049, RINGGOLD, GA 30736-1049
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
—
Equity Solutions Management
—
Deed
related
$1,000,000 · Wilson Bank & Trust
Feb 12, 2018
—
Equity Solutions Mgmt LLC
Your Home LLC
Quit Claim Deed
related
—
Jan 18, 2018
$700,000
Your Home LLC
R & S LLC
Warranty Deed
$430,000 · Samuel J Gowin
Jan 18, 2018
—
R & S LLC
Rns Properties LLC
Quit Claim Deed
related
—
Mar 18, 2009
—
Rns Properties LLC
Royce H Cornelison
Quit Claim Deed
related
$421,924 · Suntrust Bank
Oct 30, 2006
$385,000
Royce H Cornelison
Teresa Byrd
Warranty Deed
$495,000 · First Tennessee Bank NA
Dec 1, 2003
—
M Partnershi
Chattanooga Gas
Grant Deed
related
—
Mar 17, 2003
—
Partnershi M Dodds
Brown,edward E
Grant Deed
related
—
—
—
Royce H Cornelison
—
Deed Of Trust
related
$450,000 · Suntrust Bank NA
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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