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Property profile & analytics
OFF-MARKET
Estimated value
$7,520,000
Grocery and convenience stores
3901 Dayton Blvd Chattanooga, TN 37415-2715
Entity Owned
9-yr Hold
Free & Clear
Property ID
US80-3397491
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2006
Total area
49,541 SF
Lot
5.83 ac (253,955 SF)
Zoning code
C2
APN
109P E 001
UPID
US80-3397491
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
-
Brooks Shanna B Pharmacy
-
Lindsey E. Mansell, PharmD Pharmacy
-
Johnny Swann, RPH Pharmacy
-
Western Union Bank Credit Union
-
Starbucks Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.52M
Blend (final)
Blend
$7.52M
Owner & transaction history
White Realty & Service Corp · 9 yrs held
White Realty & Service Corp
since 2016
6 recorded transactions
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$12.3M
+104.4%
Auto repair, garage
$10.5M
+74.7%
Commercial (general)
$7.3M
+21.0%
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
$6,020,000
Current use
MEDICAL BUILDING
$12,305,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,520,000
Change: +75% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,285,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$7.52M
Range $6.77M – $8.27M · ±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
$152 / 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
$98,618
Tax year 2023
Assessed value
$2,424,000
Assessed 2023
Previous assessed
$2,424,000
+0.0% YoY
Effective rate
4.07%
On assessed value
Land market value
$2,844,300
Improvement market value
$3,215,700
Total market value
$6,060,000
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
2006
Heating
NONE
Stories
1
Total area
49,541 SF
Lot
5.83 ac (253,955 SF)
Zoning code
C2
APN
109P E 001
UPID
US80-3397491
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
$6.0M
MEDICAL BUILDING
Est. value
$12.3M
AUTO REPAIR, GARAGE
Est. value
$10.5M
COMMERCIAL (GENERAL)
Est. value
$7.3M
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
2006
Heating
NONE
Stories
1
Lot
5.83 ac
Current owner
From public records · entity-resolved
White Realty & Service Corp
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 51178, KNOXVILLE, TN 37950-1178
Ownership since
2016
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
Aug 18, 2016
$7,750,000
White Realty & Service Corp
Red Bank I LLC
Grant Deed
—
Dec 1, 2006
$9,000,000
Red Bank I LLC
Red Bank Town Center LLC
Grant Deed
—
Nov 1, 2006
—
City Of Red Bank Tennessee
Red Bank Town Center LLC
Quit Claim Deed
—
Feb 21, 2006
$2,652,000
Red Bank Town Center LLC
Bi-lo LLC
Warranty Deed
—
Jan 4, 2001
$690,000
Bi Lo LLC
Hamilton County
Trustees Deed
—
Jan 4, 2001
—
City Of Red Bank Tennessee
Hamilton County
Trustees Deed
related
—
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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