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Property profile & analytics
FOR LEASE
Grocery and convenience stores
3701 Ringgold Rd Chattanooga, TN 37412
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1271892
For Lease
1 / 33
$11.48 SF/Yr
3701 Ringgold Rd, Chattanooga, TN 37412
View Listing →
Property summary
AI-generated overview
This prime Hamilton County, Chattanooga submarket property, the East Ridge Shopping Center, offers a unique investment opportunity. The 13-acre site boasts six buildings totaling 58,412 square feet, with a significant 57,671 square feet currently vacant. Space is highly divisible, ranging from 741 square feet to a large, contiguous 40,171 square feet (a former 40,000 sq ft big box space is available). The property features a mix of existing retail tenants and ample parking. Located near I-75 and downtown Chattanooga, this high-traffic location benefits from proximity to a top-performing Food City grocery store. The property is undergoing redevelopment, planned to become a vibrant mixed-use hub, attracting a diverse range of tenants including retail, medical office, and general office users. The redevelopment plans are currently under development with local officials and construction partners. This presents a chance to secure space in a rapidly evolving area with excellent visibility and accessibility. Detailed plans and renderings will be available soon. Contact us to discuss leasing options and explore this exciting opportunity.
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1987
Total area
60,464 SF
Lot
4.35 ac (189,486 SF)
APN
168D F 002
UPID
US80-1271892
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
-
Cynthia Waldron Pharmacy
-
Walter Dart Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.39M
Blend (final)
Blend
$3.39M
Owner & transaction history
East Ridge Shopping Center Gp · 2 yrs held
East Ridge Shopping Center Gp
since 2023
6 recorded transactions
Zoning & alternative use
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
Alternative Use
Use
Estimation
RETAIL STORES
$4,375,000
Current use
WAREHOUSE, STORAGE
$4,010,000
Change: -8% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,770,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±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
$56 / 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
$64,459
Tax year 2023
Assessed value
$1,835,120
Assessed 2023
Previous assessed
$1,835,120
+0.0% YoY
Effective rate
3.51%
On assessed value
Land market value
$833,700
Improvement market value
$3,754,100
Total market value
$4,587,800
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
1987
Heating
NONE
Buildings
3
Stories
1
Total area
60,464 SF
Lot
4.35 ac (189,486 SF)
APN
168D F 002
UPID
US80-1271892
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.4M
WAREHOUSE, STORAGE
Est. value
$4.0M
INDUSTRIAL (GENERAL)
Est. value
$3.8M
RETAIL STORES Current
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
1987
Heating
NONE
Stories
1
Buildings
3
Lot
4.35 ac
Current owner
From public records · entity-resolved
East Ridge Shopping Center Gp
Individual
Mailing address
735 BROAD ST STE #600, CHATTANOOGA, TN 37402-2900
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2023
—
East Ridge Shopping Center Gp
Urban Dome LLC
Quit Claim Deed
$9,000,000 · Standard Insurance Co
Aug 1, 2023
—
Osborne Lafayette Holdings INC
Weldon F Osborne Foundation
Quit Claim Deed
related
—
Jul 14, 2023
$55,400,000
Urban Dome LLC
Osborne Lafayette Holding INC
Warranty Deed
—
Dec 19, 2014
—
Osborne-lafayette Holdings INC
Osborne Building Corp
Quit Claim Deed
related
—
Sep 30, 2010
—
Osborne Building Corp
—
Deed Of Trust
related
$28,550,000 · Security Life Of Denver Ins Co
—
—
Osborne Building Corp
—
Deed Of Trust
related
$2,250,000 · Fsgbank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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