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Property profile & analytics
OFF-MARKET
Specialty properties
4119 Cummings Hwy Chattanooga, TN 37419-2101
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-3079976
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1935
Total area
9,180 SF
Lot
8.2 ac (357,192 SF)
Zoning code
C1
APN
153 024
UPID
US80-3079976
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
-
The Venue Chattanooga Wedding Service
-
The Homefront Tea Room Restaurant Cafe & Coffee Shop
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
The Venue Chattanoga LLC · 2 yrs held
The Venue Chattanoga LLC
since 2023
Last sale
$490,000
7 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
$8,111
Tax year 2023
Assessed value
$362,520
Assessed 2023
Previous assessed
$362,520
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$286,000
Improvement market value
$620,300
Total market value
$906,300
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1935
Heating
NONE
Buildings
3
Stories
1
Total area
9,180 SF
Lot
8.2 ac (357,192 SF)
Zoning code
C1
APN
153 024
UPID
US80-3079976
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
1935
Heating
NONE
Stories
1
Buildings
3
Lot
8.2 ac
Current owner
From public records · entity-resolved
The Venue Chattanoga LLC
Entity
Mailing address
3311 OAK BURR DR, CHATTANOOGA, TN 37419-1119
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2023
—
The Venue Chattanoga LLC
Mark Partners LLC
Quit Claim Deed
related
$2,040,000 · Symplybank
Aug 3, 2015
$490,000
Mark Partners LLC
First Volunteer Bank
Special Warranty Deed
—
Jun 4, 2014
$490,000
Volunteer Bk First
Johnson Douglas R
Trustees Deed
related
—
Oct 19, 2011
$815,000
Sabo Entertainment LLC
First Volunteer Bank Of Tennessee
Warranty Deed
$733,500 · First Volunteer Bank Of Tennessee
Mar 27, 2008
$846,398
First Volunteer Bank Of Tennessee
Barpal LLC
Trustees Deed
related
—
Mar 3, 2005
$875,000
Bar Pal LLC
Donald E Breedlove
Warranty Deed
$846,398 · First Volunteer Bank Of Tennessee
Jan 16, 2003
—
D Breedlove
Parker,a
Grant Deed
related
—
Nov 30, 2001
$230,000
Ann D Parker
Wright,james C
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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