Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Warehouses
3405 Saint Elmo Ave Chattanooga, TN 37409-1041
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-3414459
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1956
Total area
20,719 SF
Lot
2.41 ac (104,980 SF)
Zoning code
M1
APN
155G A 009
UPID
US80-3414459
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
$729k
Blend (final)
Blend
$685k
Owner & transaction history
See Rock City INC · 5 yrs held
See Rock City INC
since 2021
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
M1 · 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
$760,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$685k
Range $617k – $754k · ±10% · vs last sale $600k (Mar 8 2021)
Last sale anchor
$600k
Mar 8 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
$33 / 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
$4,057
Tax year 2023
Assessed value
$181,320
Assessed 2023
Previous assessed
$181,320
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$290,000
Improvement market value
$163,300
Total market value
$453,300
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
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1956
Heating
NONE
Buildings
3
Stories
1
Total area
20,719 SF
Lot
2.41 ac (104,980 SF)
Zoning code
M1
APN
155G A 009
UPID
US80-3414459
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.
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Stories
1
Buildings
3
Lot
2.41 ac
Current owner
From public records · entity-resolved
See Rock City INC
Entity
Mailing address
1400 PATTEN RD, LOOKOUT MOUNTAIN, GA 30750-2600
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2021
$600,000
See Rock City INC
R & D Fincas LLC
Limited Warranty Deed
$575,000 · First Horizon Bank
Mar 7, 2016
$270,100
R & D Fincas LLC
Mcdonald Timothy W
Warranty Deed
$211,280 · Smartbank
Dec 29, 2011
$169,000
Timothy W Mcdonald
Coleman,wilton E
Warranty Deed
—
Dec 8, 2006
$240,000
Wilton E Coleman
Double James Properties LLC
Warranty Deed
$202,608 · Gateway Bank & Trust
Jul 13, 2004
$75,000
Double James Properties LLC
Owner,record
Warranty Deed
related
—
May 19, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Wilton E Coleman
—
Deed Of Trust
related
$195,446 · Gateway Bank & Trust
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3405 Saint Elmo Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
