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Property profile & analytics
OFF-MARKET
Estimated value
$15,025,000
Warehouses
4121 Hixson Pike Chattanooga, TN 37415-3111
Individually Owned
22-yr Hold
Free & Clear
Property ID
US80-0904071
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1998
Total area
160,149 SF
Lot
12.89 ac (561,488 SF)
Zoning code
C2
APN
109M J 037
UPID
US80-0904071
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
-
Allstate Insurance Agent: James Norris Insurance Agency
-
Environmental Products & Accessories Environmental Consultant
-
Preferred Windows and Siding Hardware & Home Improvement Interior Design
-
iDevice N Droid Cell Phone & Tablet Repair 10 Years In Business Computer & Electronic Repair Tech Support Center
-
Absolute Mechanical Services General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.03M
Blend (final)
Blend
$15.03M
Owner & transaction history
Sovran Acquisition · 22 yrs held
Sovran Acquisition
since 2004
6 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)
$23.5M
+121.6%
Retail stores
$19.5M
+83.2%
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
WAREHOUSE, STORAGE
$10,625,000
Current use
COMMERCIAL (GENERAL)
$23,540,000
Change: +122% · Conversion: Difficult
RETAIL STORES
$19,460,000
Change: +83% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$9,985,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$15.03M
Range $13.52M – $16.53M · ±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
$94 / 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
$83,559
Tax year 2023
Assessed value
$3,734,800
Assessed 2023
Previous assessed
$3,734,800
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$1,062,100
Improvement market value
$8,274,900
Total market value
$9,337,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
YES
Buildings
4
Stories
1
Total area
160,149 SF
Lot
12.89 ac (561,488 SF)
Zoning code
C2
APN
109M J 037
UPID
US80-0904071
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
WAREHOUSE, STORAGE Current
Est. value
$10.6M
COMMERCIAL (GENERAL)
Est. value
$23.5M
RETAIL STORES
Est. value
$19.5M
INDUSTRIAL (GENERAL)
Est. value
$10.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (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
1998
Heating
YES
Stories
1
Buildings
4
Lot
12.89 ac
Current owner
From public records · entity-resolved
Sovran Acquisition
Individual
Free & Clear · 22 yrs held
Mailing address
6467 MAIN ST, WILLIAMSVILLE, NY 14221-5856
Ownership since
2004
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 4, 2004
$6,680,000
Sovran Acquisition
Owner,record
Warranty Deed
related
—
Jan 16, 2001
—
Total Storage Company LLC
Hudson,james C
Grant Deed
related
—
Jan 12, 2001
$385,000
Steve T Hudson
Schaerer,burt
Grant Deed
—
Nov 22, 2000
—
James C Hudson JR.
Total Storage Co
Grant Deed
related
—
Dec 31, 1997
—
Total Storage Company LLC
—
Deed Of Trust
related
—
May 15, 1996
—
John Bruce Investment Co
John,bruce Inves
Quit Claim 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.
Try Rey
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