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Property profile & analytics
OFF-MARKET
Turn key restaurants
3805 Cummings Hwy Chattanooga, TN 37419-2201
Individually Owned
3-yr Hold
Free & Clear
Property ID
US80-1752868
Property summary
AI-generated overview
This exceptional restaurant opportunity is located at 3805 Cummings Highway in Chattanooga, Tennessee, a high-visibility site on a major thoroughfare. The property boasts a total building area of 1,616 square feet situated on a 0.55-acre lot. Its convenient location offers easy access to Interstate 24, specifically Exit 174, placing it just minutes from downtown Chattanooga. The property is zoned C2, providing flexibility for various commercial uses. The Hamilton County property, APN 154H A 001.01, presents a single-tenant occupancy structure, ideal for an established restaurant or a new venture seeking a prime location. The previous occupant was a Waffle House, indicating a proven track record of success at this address. This presents a unique chance to capitalize on an existing infrastructure and established customer base in a thriving area. The property's size and location make it an attractive investment for those seeking a high-traffic, easily accessible restaurant space in the heart of Chattanooga. Serious inquiries are encouraged.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1989
Total area
1,616 SF
Lot
0.49 ac (21,500 SF)
Zoning code
C1
APN
154H A 001.01
UPID
US80-1752868
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
-
House of Teriyaki TN Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Thomas A Austin · 3 yrs held
Thomas A Austin
since 2023
Last sale
$350,000
4 recorded transactions
Zoning & alternative use
C1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$3,736
Tax year 2023
Assessed value
$167,000
Assessed 2023
Previous assessed
$167,000
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$215,600
Improvement market value
$201,900
Total market value
$417,500
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1989
Heating
NONE
Stories
1
Total area
1,616 SF
Lot
0.49 ac (21,500 SF)
Zoning code
C1
APN
154H A 001.01
UPID
US80-1752868
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.
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
1
Lot
0.49 ac
Current owner
From public records · entity-resolved
Thomas A Austin
Individual
Free & Clear · 3 yrs held
Mailing address
243 SIGNAL MTN RD STE #129, CHATTANOOGA, TN 37405-1955
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 18, 2023
$350,000
Thomas A Austin
Marketplace Investments LLC
Limited Warranty Deed
—
Jan 17, 2023
—
Not Provided
Laxmiben Champaklal LLC
Correction Deed
related
$3,492,234 · Greater Community Bank
Jan 15, 2009
—
Marketplace Investments LLC
Collis,glenn H
Quit Claim Deed
related
—
Jan 27, 2003
$3,650
T Austin
Collis,g
Grant Deed
—
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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