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Property profile & analytics
FOR LEASE
Grocery and convenience stores
321 Browns Ferry Rd Chattanooga, TN 37419
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-0904556
For Lease
1 / 7
$8 SF/Yr
321 Browns Ferry Rd, Chattanooga, TN 37419
View Listing →
Property summary
AI-generated overview
This Class A, 55,000 square foot retail center, located at 321 Browns Ferry Rd, Chattanooga, TN 37419, offers multiple suites for lease. The property boasts a prime location off Highway 24, providing high visibility and accessibility. With 10,000 square feet currently vacant, spaces range from a minimum of 1,000 square feet to a maximum contiguous space of 35,000 square feet. The single-story building features 15-foot ceilings and ample parking. The seven-acre lot is zoned commercial and situated in the Lookout Valley submarket, benefiting from a strong customer base and proximity to residential areas and other amenities. Renovated in 2022, this property is ideal for retail, restaurant, or office use. The property taxes are $2.40 per square foot. Its convenient location near I-75 ensures high traffic volume. This is an exceptional opportunity for businesses seeking a high-traffic, easily accessible location in a thriving Chattanooga neighborhood. Contact us to learn more about leasing options.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1988
Total area
49,785 SF
Lot
7.4 ac (322,344 SF)
Zoning code
C2
APN
144N A 009
UPID
US80-0904556
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
-
Dread Hollow Haunted House Escape Room Center
-
CVS Photo (Bike/Boat/Book/etc) Store
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
-
LibertyX Bitcoin ATM Atm
-
MoneyGram Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.88M
Owner & transaction history
Optee LLC · 6 yrs held
Optee LLC
since 2019
4 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
$2.88M
Range $2.59M – $3.17M · ±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
$19,268
Tax year 2023
Assessed value
$861,200
Assessed 2023
Previous assessed
$861,200
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$495,400
Improvement market value
$1,657,600
Total market value
$2,153,000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
For Lease
Year built
1988
Heating
YES
Buildings
4
Stories
1
Total area
49,785 SF
Lot
7.4 ac (322,344 SF)
Zoning code
C2
APN
144N A 009
UPID
US80-0904556
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
1988
Heating
YES
Stories
1
Buildings
4
Lot
7.4 ac
Current owner
From public records · entity-resolved
Optee LLC
Entity
Mailing address
1037 W MAIN ST, CHATTANOOGA, TN 37402-4710
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2019
$1,600,000
Optee LLC
Zimmer Dev Co Of Tennessee No 1 L
Warranty Deed
$1,280,000 · Suntrust Bk
Jul 24, 2017
—
Dhruv Ptshp
—
Deed
related
—
—
—
Dhruv Ptshp
—
Loan Modification
related
—
—
—
Zimmer Dev Co Of Tennessee No 1 L
—
Deed Of Trust
related
$1,700,000 · Liberty Life Insurance Co
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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