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Property profile & analytics
OFF-MARKET
Office Spaces
2841 Dayton Blvd Chattanooga, TN 37415-5712
Individually Owned
8-yr Hold
Free & Clear
Property ID
US80-0774341
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1930
Total area
4,380 SF
Lot
1 ac (43,560 SF)
Zoning code
C1
APN
117L K 011
UPID
US80-0774341
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
-
Progressive Imaging Computer & Electronic Repair
-
ring-u Telecommunications Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Philip M Sieg II · 8 yrs held
Philip M Sieg II
since 2018
7 recorded transactions
Zoning & alternative use
C1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,965
Tax year 2023
Assessed value
$71,560
Assessed 2023
Previous assessed
$71,560
+0.0% YoY
Effective rate
4.14%
On assessed value
Land market value
$76,200
Improvement market value
$102,700
Total market value
$178,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1930
Heating
YES
Buildings
3
Stories
1
Total area
4,380 SF
Lot
1 ac (43,560 SF)
Zoning code
C1
APN
117L K 011
UPID
US80-0774341
Jurisdiction
HAMILTON
Zoning & alternative use
C1 · Chattanooga, TN
Zoning C1 · permitted uses
C1 · 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
1930
Heating
YES
Stories
1
Buildings
3
Lot
1 ac
Current owner
From public records · entity-resolved
Philip M Sieg II
Individual
Free & Clear · 8 yrs held
Mailing address
601 COLVILLE ST, CHATTANOOGA, TN 37405-2819
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2018
—
Philip M Sieg
—
Deed
related
$179,300 · Pinnacle Bk/schuyler
Jan 22, 2018
$152,500
Philip M Sieg II
Mayfield,amy M & Elizabeth A
Warranty Deed
—
Oct 18, 2011
$109,000
Fred Mayfield
Suntrust Bk
Grant Deed
—
Jan 19, 2010
—
James D Davis
Davis,kelly M
Quit Claim Deed
related
—
Jan 9, 1997
$48,000
James Davis
Unknown
Grant Deed
$47,640 · Pioneer Bank
Jan 9, 1997
$50,000
James D Davis
—
Grant Deed
related
—
—
—
Philip M Sieg
—
Loan Modification
related
$179,300 · Pinnacle Bk/schuyler
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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