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Property profile & analytics
OFF-MARKET
Estimated value
$245,000
Gas stations
4004 Hixson Pike Chattanooga, TN 37415-3123
Individually Owned
10-yr Hold
Free & Clear
Property ID
US80-1091711
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1968
Total area
4,913 SF
Lot
1 ac (43,560 SF)
Zoning code
C2
APN
118D B 002
UPID
US80-1091711
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
-
Budget Truck Rental / G & G Forester Car Rental Facility
-
Intoxalock @ Forester's Tire and Auto Auto Repair Shop
-
Intoxalock Ignition Interlock Building Supply General Contractor
-
Forester's Tire & Auto Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$624k
Blend (final)
Blend
$245k
Owner & transaction history
Gregory J Forester · 10 yrs held
Gregory J Forester
since 2015
7 recorded transactions
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Commercial (general)
$720,000
+40.1%
Retail stores
$595,000
+15.8%
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
SERVICE STATION (FULL SERVICE)
$515,000
Current use
COMMERCIAL (GENERAL)
$720,000
Change: +40% · Conversion: Difficult
RETAIL STORES
$595,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$245k
Range $221k – $270k · ±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
$50 / 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
$3,911
Tax year 2023
Assessed value
$174,800
Assessed 2023
Previous assessed
$174,800
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$296,000
Improvement market value
$141,000
Total market value
$437,000
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1968
Heating
YES
Buildings
3
Stories
1
Total area
4,913 SF
Lot
1 ac (43,560 SF)
Zoning code
C2
APN
118D B 002
UPID
US80-1091711
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Chattanooga, TNZoning C2 · permitted uses
C2 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
SERVICE STATION (FULL SERVICE) Current
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$720,000
RETAIL STORES
Est. value
$595,000
SERVICE STATION (FULL SERVICE) Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1968
Heating
YES
Stories
1
Buildings
3
Lot
1 ac
Current owner
From public records · entity-resolved
Gregory J Forester
Individual
Free & Clear · 10 yrs held
Mailing address
4004 HIXSON PIKE, CHATTANOOGA, TN 37415-3123
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
—
Gregory Jarrod Forester
—
Deed
related
$30,000 · Millennium Bank
Apr 22, 2022
—
Gregory James Forester
—
Deed
related
$120,000 · Millennium Bank
Mar 26, 2020
—
Gregory J Forester
—
Deed
related
$87,000 · Millennium Bk
Oct 20, 2015
—
Gregory J Forester
Forester,james C
Quit Claim Deed
related
—
Jul 11, 1996
$250,000
James Forester
Unknown
Grant Deed
$85,000 · Suntrust Bank NA
Jun 15, 1994
$250,000
James C Forester
Unknown
Grant Deed
—
—
—
James C Forester
—
Deed Of Trust
related
$157,370 · Citizens Bank & Trust Co
—
—
Gregory J Forester
—
Deed Of Trust
related
$87,000 · Millennium 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.
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