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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
412 Broad St Chattanooga, TN 37402-1219
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1589982
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1910
Total area
5,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C3
APN
135MDA 010
UPID
US80-1589982
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
-
James L. Henry, Jr., Attorney at Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$551k
Blend (final)
Blend
$550k
Owner & transaction history
Allbooks Properties I LLC · 2 yrs held
Allbooks Properties I LLC
since 2024
7 recorded transactions
Zoning & alternative use
C3 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$830,000
+36.6%
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
$610,000
Current use
COMMERCIAL (GENERAL)
$830,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$110 / 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
$3,973
Tax year 2023
Assessed value
$177,560
Assessed 2023
Previous assessed
$177,560
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$250,000
Improvement market value
$193,900
Total market value
$443,900
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1910
Heating
YES
Stories
1
Total area
5,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C3
APN
135MDA 010
UPID
US80-1589982
Jurisdiction
HAMILTON
Zoning & alternative use
C3 · Chattanooga, TN
Zoning C3 · permitted uses
C3 · 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
$610,000
COMMERCIAL (GENERAL)
Est. value
$830,000
RETAIL STORES Current
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
1910
Heating
YES
Stories
1
Lot
0.11 ac
Current owner
From public records · entity-resolved
Allbooks Properties I LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7232 LEE HWY, CHATTANOOGA, TN 37421-1734
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Jul 2, 2024
—
Allbooks Properties I LLC
Patricia Henry Hangstefer
Quit Claim Deed
related
—
Feb 17, 2023
—
Patricia Henry Hangstefer
All Books INC
Correction Deed
related
—
Jun 27, 2022
—
Patricia Henry Hangstefer
Allbooks INC
Quit Claim Deed
related
—
Jul 29, 2016
$225,000
Phyleon INC
Shiloh Baptist Church
Warranty Deed
$312,500 · Tennessee Vly FCU
Oct 31, 1997
—
All Books INC
—
Deed Of Trust
related
—
May 15, 1996
$45,000
Booksellers Crabtree
Unknown
Grant Deed
$100,000 · Motor Contract Corporation
May 15, 1996
$135,000
Crabtree Booksellers INC
Crabtree,booksel
Grant 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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