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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Retail space
3548 Cummings Hwy Chattanooga, TN 37419-2311
Entity Owned
1-yr Hold
Free & Clear
Property ID
US80-0891038
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Total area
4,812 SF
Lot
1.19 ac (51,688 SF)
Zoning code
C1
APN
154G F 004
UPID
US80-0891038
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
-
Valley Wine & Spirits Specialty Food Shop Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$962k
Blend (final)
Blend
$960k
Owner & transaction history
Rksal LLC · 1 yrs held
Rksal LLC
since 2024
7 recorded transactions
Zoning & alternative use
C1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+104.4%
Auto repair, garage
$1.0M
+74.7%
Commercial (general)
$720,000
+23.3%
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
Alternative Use
Use
Estimation
RETAIL STORES
$585,000
Current use
MEDICAL BUILDING
$1,195,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,020,000
Change: +75% · Conversion: Difficult
COMMERCIAL (GENERAL)
$720,000
Change: +23% · Conversion: Easy
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$200 / 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
$7,327
Tax year 2023
Assessed value
$327,480
Assessed 2023
Previous assessed
$327,480
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$452,500
Improvement market value
$366,200
Total market value
$818,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
4,812 SF
Lot
1.19 ac (51,688 SF)
Zoning code
C1
APN
154G F 004
UPID
US80-0891038
Jurisdiction
HAMILTON
Zoning & alternative use
C1 · Chattanooga, TN
Zoning C1 · permitted uses
C1 · 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
RETAIL STORES Current
Est. value
$585,000
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$720,000
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
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
1979
Heating
NONE
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Rksal LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1411 BRITT LAUREN WAY, SODDY DAISY, TN 37379-8977
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 1, 2024
—
Rksal LLC
Coradini Properties LLC
Quit Claim Deed
related
—
Aug 1, 2024
$1,100,000
Rksal LLC
Coradini Propereties LLC
Special Warranty Deed
$935,000 · Rockpoint Bank NA
Jun 25, 2004
—
Coradini Properties
Walldorf,rudy Tr
Grant Deed
related
—
Jun 24, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
Jun 24, 2004
$530,000
Walldorf,rudy H Tr
Fryar,joseph B
Grant Deed
—
May 11, 1997
$166,767
Joseph Bryan Fryar SR.
—
Grant Deed
related
—
—
—
Coradini Properties LLC
—
Deed Of Trust
related
$1,248,142 · Capitalmark Bank & Trust
—
—
Coradini Properties LLC
—
Loan Modification
related
$690,489 · Pinnacle Bk
—
—
Coradini Properties LLC
—
Deed Of Trust
related
$300,000 · Suntrust Bank NA
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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