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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Grocery and convenience stores
3918 Ringgold Rd Chattanooga, TN 37412-1642
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-0037417
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1960
Total area
3,852 SF
Lot
0.62 ac (26,832 SF)
Zoning code
TC
APN
168E N 001
UPID
US80-0037417
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
-
Midnite Oil Auto Repair Shop
-
76 Gas Station
-
ATM (Midnite Oil) Atm
-
Stop & Save Gas Station
-
Athena Bitcoin ATM Atm Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$510k
Owner & transaction history
Reagan Outdoor Adventising LLC · 5 yrs held
Reagan Outdoor Adventising LLC
since 2021
7 recorded transactions
Zoning & alternative use
TC · 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
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
AUTO REPAIR, GARAGE
$820,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$405,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$132 / 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
$6,783
Tax year 2023
Assessed value
$193,520
Assessed 2023
Previous assessed
$193,520
+0.0% YoY
Effective rate
3.51%
On assessed value
Land market value
$328,600
Improvement market value
$155,200
Total market value
$483,800
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
CONVENIENCE STORE
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
3,852 SF
Lot
0.62 ac (26,832 SF)
Zoning code
TC
APN
168E N 001
UPID
US80-0037417
Jurisdiction
HAMILTON
Zoning & alternative use
TC · Chattanooga, TN
Zoning TC · permitted uses
TC · 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
AUTO REPAIR, GARAGE
Est. value
$820,000
COMMERCIAL (GENERAL)
Est. value
$405,000
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
1960
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
Reagan Outdoor Adventising LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3918 RINGGOLD RD, CHATTANOOGA, TN 37412-1642
Mailing matches property
Yes
Owner-occupied
Yes
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
Mar 3, 2021
—
Reagan Outdoor Adventising LLC
Shreeji Corporation
Lease
—
Nov 4, 2005
$450,000
Shreeji Corp
Naik,a R
Warranty Deed
$337,500 · Amsouth Bank
Feb 13, 2003
—
A R Naik
Naik,r C
Quit Claim Deed
related
—
—
—
Shreeji Corp
—
Loan Modification
related
$159,850 · Tower Cmnty Bk
—
—
Shreeji Corp
—
Deed Of Trust
related
$240,000 · Tower Cmnty Bk
—
—
Shreeji Corp
—
Deed Of Trust
related
$160,000 · Tower Cmnty Bk
—
—
Shreeji Corp
—
Loan Modification
related
$240,000 · Tower Cmnty Bk
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
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