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Property profile & analytics
OFF-MARKET
Estimated value
$10,250,000
Manufacturing properties
3033 Alton Park Blvd Chattanooga, TN 37410-1012
Individually Owned
~
Est. High Equity
Property ID
US80-3504484
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1971
Total area
100,884 SF
Lot
8.79 ac (382,892 SF)
Zoning code
M1
APN
155F D 001.02
UPID
US80-3504484
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
$10.25M
CAP Approach
CAP
$7.80M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.25M
Owner & transaction history
Hendrickson Chattanooga Facility Ll
Hendrickson Chattanooga Facility Ll
since 2025
Last sale
$10.3M
7 recorded transactions
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$15.1M
+140.3%
Retail stores
$12.3M
+94.9%
Warehouse, storage
$6.7M
+6.4%
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
$10,250,000
ML approach
$10,250,000
CAP Approach
CAP Return
Estimation
6%
$8,450,000
6.5%
$7,800,000
7%
$7,245,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,290,000
Current use
COMMERCIAL (GENERAL)
$15,115,000
Change: +140% · Conversion: Difficult
RETAIL STORES
$12,260,000
Change: +95% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,695,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$10.25M
Range $9.23M – $11.28M · ±10% · vs last sale $10.25M (Jun 14 2024)
Last sale anchor
$10.25M
Jun 14 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
$102 / 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
$19,381
Tax year 2023
Assessed value
$866,280
Assessed 2023
Previous assessed
$866,280
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$362,100
Improvement market value
$1,803,600
Total market value
$2,165,700
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
Off-Market
Year built
1971
Heating
NONE
Buildings
7
Stories
1
Total area
100,884 SF
Lot
8.79 ac (382,892 SF)
Zoning code
M1
APN
155F D 001.02
UPID
US80-3504484
Jurisdiction
HAMILTON
Zoning & alternative use
M1 · Chattanooga, TN
Zoning M1 · permitted uses
M1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$6.3M
COMMERCIAL (GENERAL)
Est. value
$15.1M
RETAIL STORES
Est. value
$12.3M
WAREHOUSE, STORAGE
Est. value
$6.7M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
1971
Heating
NONE
Stories
1
Buildings
7
Lot
8.79 ac
Current owner
From public records · entity-resolved
Hendrickson Chattanooga Facility Ll
Individual
Mailing address
2021 PARKSIDE DR, SCHAUMBURG, IL 60173-5913
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2025
—
Hendrickson Chattanooga Facility Ll
Magnus Holdings LLC
Quitclaim Deed
related
—
Jun 14, 2024
$10,250,000
Magnus Holdings LLC
Alton Chattanooga LLC
Special Warranty Deed
—
Oct 18, 2022
$4,050,000
Alton Chattanooga LLC
J & J Capital Investments LLC
Special Warranty Deed
—
Aug 11, 2016
$1,632,353
J & J Capital Investments LLC
Alton Park LLC
Warranty Deed
$2,390,000 · Enhanced Small Busn Inv Co LP
Sep 1, 2015
—
Alton Park LLC
Industrial Dev Board Of City/chat
Quit Claim Deed
related
—
Aug 5, 2014
—
Alton Park LLC
—
Grant Deed
related
$3,750,000 · Enhanced Small Busn Inv Co LP
Oct 9, 2012
—
Industrial Dev Board Of City/chat
—
Deed Of Trust
related
$968,483 · Wheaton Bank & Trust
Jun 10, 2010
—
Industrial Dev Board Of City/chat
—
Deed Of Trust
related
$1,050,000 · Wheaton Bank & Trust
Aug 11, 2009
—
Alton Park LLC
—
Deed Of Trust
related
$1,578,365 · Wheaton Bank & Trust
Dec 30, 2008
—
Industrial Dev Board Of City/chat
Alton Park LLC
Grant Deed
—
Oct 10, 2007
$1,050,000
Alton Park LLC
Manko LLC
Warranty Deed
—
Aug 20, 2007
$336,440
Scannell Properties 85 LLC
Manko LLC
Warranty Deed
—
—
—
Alton Park LLC
—
Deed Of Trust
related
$1,000,000 · Wheaton Bank & Trust
—
—
Alton Park LLC
—
Deed Of Trust
related
$1,050,000 · Wheaton Bank & Trust
—
—
Industrial Dev Board Of City & Chat
—
Deed Of Trust
related
$3,750,000 · Enhanced Small Busn Inv Co LP
—
—
Alton Park LLC
—
Deed Of Trust
related
$936,974 · Wheaton Bank & Trust
—
—
Industrial Dev Board Of City/chat
—
Deed Of Trust
related
$936,974 · Wheaton Bank & Trust
—
—
Alton Park LLC
—
Loan Modification
related
$922,809 · Wheaton Bank & Trust
—
—
Alton Park LLC|stainless River Ltd
—
Loan Modification
related
$9,638,865 · Wheaton Bk&tr
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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