Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,805,000
Grocery and convenience stores
3636 Ringgold Rd Chattanooga, TN 37412-1265
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-0821022
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2022
Total area
55,289 SF
Lot
9.33 ac (406,415 SF)
Zoning code
C2
APN
168D C 013
UPID
US80-0821022
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
-
Western Union Bank Credit Union
-
TVFCU- East Ridge Food City Credit Union
-
Food City Grocery & Convenience Store Food Market
-
Food City Pharmacy Pharmacy
-
Food City Gas 'N Go Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.58M
Comparable Approach
Comparable
$6.31M
Blend (final)
Blend
$4.81M
Owner & transaction history
Marathon Realty Corp · 5 yrs held
Marathon Realty Corp
since 2021
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+44.6%
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
$3,750,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,120,000
6.5%
$6,575,000
7%
$6,105,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,000,000
Current use
COMMERCIAL (GENERAL)
$5,780,000
Change: +45% · Conversion: Easy
WAREHOUSE, STORAGE
$3,670,000
Change: -8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,450,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.81M
Range $4.32M – $5.29M · ±10% · vs last sale $2.95M (Jun 24 2021)
Last sale anchor
$2.95M
Jun 24 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
$87 / 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
$164,303
Tax year 2023
Assessed value
$4,696,840
Assessed 2023
Previous assessed
$2,806,760
+67.3% YoY
Effective rate
3.50%
On assessed value
Land market value
$3,335,500
Improvement market value
$8,406,600
Total market value
$11,742,100
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
Off-Market
Year built
2022
Heating
NONE
Stories
2
Total area
55,289 SF
Lot
9.33 ac (406,415 SF)
Zoning code
C2
APN
168D C 013
UPID
US80-0821022
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$5.8M
WAREHOUSE, STORAGE
Est. value
$3.7M
INDUSTRIAL (GENERAL)
Est. value
$3.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
INDUSTRIAL (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
2022
Heating
NONE
Stories
2
Lot
9.33 ac
Current owner
From public records · entity-resolved
Marathon Realty Corp
Entity
Mailing address
PO BOX 1158, ABINGDON, VA 24212-1158
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
Jun 24, 2021
$2,950,000
Marathon Realty Corp
Ernest & Ellis LLC
Warranty Deed
—
Nov 29, 2017
$850,000
Ernest & Ellis LLC
Bemmprop LLC
Warranty Deed
$1,528,000 · First Volunteer Bank
Dec 12, 2008
$117,500
Totten Ardian Trust
Totten,ardian A
Quit Claim Deed
related
—
Jan 30, 2008
$68,269
Amf Bowling Centers INC
—
Deed Of Trust
related
$285,000,000 · Credit Suisse Cayman Islands
Jan 30, 2008
—
Amf Bowling Centers INC
—
Deed Of Trust
related
$80,000,000 · Credit Suisse Cayman Islands
Jan 23, 1997
—
Adrian Ansel Rogers
—
Deed Of Trust
related
—
—
—
Bennprop LLC
—
Deed Of Trust
related
$250,000 · Regions Bank
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 3636 Ringgold Rd?
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.
