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Property profile & analytics
OFF-MARKET
Estimated value
$3,925,000
Drug stores
3550 Broad St Chattanooga, TN 37409-1027
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US80-1355496
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2000
Total area
15,080 SF
Lot
2.1 ac (91,476 SF)
Zoning code
UGC
APN
155J F 003.01
UPID
US80-1355496
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
Walgreens Pharmacy Pharmacy
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
FedEx OnSite Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$3.93M
Owner & transaction history
Siro Chattanooga LLC · 6 yrs held
Siro Chattanooga LLC
since 2020
Last sale
$4.2M
3 recorded transactions
Zoning & alternative use
UGC · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$5.3M
+186.8%
Medical building
$3.7M
+104.4%
Auto repair, garage
$3.2M
+74.7%
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
$5,205,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,255,000
Change: +187% · Conversion: Easy
MEDICAL BUILDING
$3,745,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,200,000
Change: +75% · Conversion: Difficult
Blend value · Realmo final
$3.93M
Range $3.53M – $4.32M · ±10% · vs last sale $4.20M (Jul 8 2020)
Last sale anchor
$4.20M
Jul 8 2020
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
$260 / 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
$38,261
Tax year 2023
Assessed value
$1,710,160
Assessed 2023
Previous assessed
$1,710,160
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$1,886,700
Improvement market value
$2,388,700
Total market value
$4,275,400
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2000
Heating
NONE
Stories
1
Total area
15,080 SF
Lot
2.1 ac (91,476 SF)
Zoning code
UGC
APN
155J F 003.01
UPID
US80-1355496
Jurisdiction
HAMILTON
Zoning & alternative use
UGC · Chattanooga, TNZoning UGC · permitted uses
UGC · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.2M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2000
Heating
NONE
Stories
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
Siro Chattanooga LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
—
Siro Chattanooga LLC
—
Deed
related
$2,350,000 · Eastman Credit Union
Jul 8, 2020
$4,200,000
Siro Chattanooga LLC
Robert Bachman
Grant Deed
$2,800,000 · Wells Fargo Bk
Jan 8, 2015
$4,604,000
Robert Bachman
Wba-chattanooga LLC
Grant Deed
$2,800,000 · Everbank
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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