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Property profile & analytics
OFF-MARKET
Estimated value
$4,800,000
Bars & Pubs
304 Cherokee Blvd, Chattanooga, TN 37405-3811
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1114044
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1950
Total area
1,089 SF
Lot
0.15 ac (6,500 SF)
Zoning code
C2
APN
135F F 007
UPID
US80-1114044
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
-
Leroy's Beer Lounge Nightclub Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.80M
Owner & transaction history
Cherokee Investors LLC · 4 yrs held
Cherokee Investors LLC
since 2022
Last sale
$5.0M
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
$4,490,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.80M
Range $4.32M – $5.28M · ±10% · vs last sale $4.96M (Jan 18 2022)
Last sale anchor
$4.96M
Jan 18 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
$4,408 / 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
$1,838
Tax year 2023
Assessed value
$82,160
Assessed 2023
Previous assessed
$82,160
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$152,200
Improvement market value
$53,200
Total market value
$205,400
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
BAR, TAVERN
Status
Off-Market
Year built
1950
Heating
YES
Stories
1
Total area
1,089 SF
Lot
0.15 ac (6,500 SF)
Zoning code
C2
APN
135F F 007
UPID
US80-1114044
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
1950
Heating
YES
Stories
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Cherokee Investors LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 150262, NASHVILLE, TN 37215-0262
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2022
—
Cherokee Investors LLC
Bhw Cherokee LLC
Quit Claim Deed
related
—
Feb 9, 2021
$681,250
T&c Hawkins Family Trust
Bhw Cherokee LLC
Quit Claim Deed
related
$142,000 · Regions Bank
Jun 6, 2019
—
Bhw Cherokee LLC
PC Cherokee Holdings LLC
Quit Claim Deed
related
—
Feb 5, 2018
$4,956,606
PC Cherokee Holdings LLC
300 Cherokee LLC
Special Warranty Deed
—
Feb 5, 2018
$4,798,208
Bhw Cherokee LLC
300 Cherokee LLC
Grant Deed
—
Nov 9, 2016
$2,325,000
300 Cherokee LLC
Claiborne Investments In C
Warranty Deed
—
Nov 23, 2011
$140,000
Cherokee Properties LLC
Bunch Mildred P Living Trust
Warranty Deed
—
Apr 4, 2000
—
Mildred Powell Bunch
Bunch,mildred P
Quit Claim Deed
related
—
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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