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Property profile & analytics
FOR SALE
Turn key restaurants
3147 Broad St, Chattanooga, TN 37408
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-0793778
For Sale
1 / 23
$2,250,000
3147 Broad St, Chattanooga, TN 37408
View Listing →
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1977
Total area
2,261 SF
Lot
0.66 ac (28,577 SF)
Zoning code
UGC
APN
155F A 001
UPID
US80-0793778
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.38M
Owner & transaction history
Vetestate LLC · 4 yrs held
Vetestate LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
UGC · 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
$1,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±10% · vs last sale $1.48M (Dec 16 2021)
Last sale anchor
$1.48M
Dec 16 2021
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
$610 / 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
$6,548
Tax year 2023
Assessed value
$292,680
Assessed 2023
Previous assessed
$292,680
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$548,100
Improvement market value
$183,600
Total market value
$731,700
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1977
Heating
NONE
Stories
1
Total area
2,261 SF
Lot
0.66 ac (28,577 SF)
Zoning code
UGC
APN
155F A 001
UPID
US80-0793778
Jurisdiction
HAMILTON
Zoning & alternative use
UGC · Chattanooga, TN
Zoning UGC · permitted uses
UGC · 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
1977
Heating
NONE
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Vetestate LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3800 SAINT ELMO AVE STE #306, CHATTANOOGA, TN 37409-1273
Ownership since
2021
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
Apr 4, 2022
—
Vetestate LLC
—
Deed
related
$676,000 · First Citizens National Bank
Feb 7, 2022
—
Haisten Family Partners LLC
—
Deed
related
$235,000 · First Bank
Dec 16, 2021
$1,480,000
Vetestate LLC
Haisten Family Partners LLC
Warranty Deed
—
Sep 26, 2019
$780,000
Haisten Family Partners LLC
Hambuckscom Ltd Lllp
Grant Deed
$640,000 · Firstbank
Dec 27, 1999
—
Helen Lynn Fowler
Unknown
Grant Deed
related
—
Sep 28, 1999
—
Joseph W Graves
Fowler,helen Lyn
Quit Claim Deed
related
—
Apr 27, 1999
—
Helen Lynn Fowler
Fowler,charles R
Quit Claim Deed
related
—
Oct 15, 1992
—
Bonnie Johnson Gra Mcbride
Bank Of America
Grant 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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