Back to Search
Property profile & analytics
FOR SALE
Industrial properties
418 W Lake Ave Rossville, GA 30741
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US22-1929950
For Sale
1 / 2
$8,350,000
418 W Lake Ave, Rossville, GA 30741
View Listing →
Property summary
AI-generated overview
The Brockway Building, located at 418 W Lake Ave, Rossville, GA 30741, offers 119,478 square feet of industrial space across three, single-story buildings. This Class B property, built in 1990 and renovated in 2022, features 30-foot ceilings, 13 loading docks, and one drive-in. The minimum divisible space is 19,000 square feet, with a maximum contiguous space of 119,478 square feet. Situated on a 4.9-acre lot, the property is zoned I2 and benefits from its location in the Rossville submarket of Chattanooga, TN, a highly incentivized area with numerous planned redevelopment projects nearby. Its strategic location provides easy access to US Route 27, downtown Chattanooga (5.5 miles), and the Chattanooga Metro Airport (8.3 miles). This makes it an ideal location for businesses needing efficient transportation logistics. The property's multiple suites offer flexibility for various business needs. This is a rare opportunity to acquire a substantial industrial property in a rapidly growing area.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2008
Construction
STEEL FRAME
Total area
104,420 SF
Lot
4.06 ac (176,854 SF)
Zoning code
I2
APN
2002 093
UPID
US22-1929950
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
-
TNT Parts Auto Parts Store Big Box & Wholesale Store
-
Smith Millwork, INC. Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.27M
Blend (final)
Blend
$2.61M
Owner & transaction history
418 West Lake Holdings LLC · 1 yrs held
418 West Lake Holdings LLC
since 2025
Last sale
$2.6M
4 recorded transactions
Zoning & alternative use
I2 · Rossville, GA
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 Rossville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rossville 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
$2,845,000
ML approach
$3,320,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,395,000
Current use
Blend value · Realmo final
$2.61M
Range $2.34M – $2.87M · ±10% · vs last sale $2.65M (Oct 12 2022)
Last sale anchor
$2.65M
Oct 12 2022
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
$25 / 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
$33,814
Tax year 2023
Assessed value
$1,024,285
Assessed 2023
Previous assessed
$1,024,285
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$12,355
Assessed improvement
$1,011,930
Land market value
$30,888
Improvement market value
$2,529,825
Total market value
$2,560,713
Applied tax rate
2.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Sale
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Total area
104,420 SF
Lot
4.06 ac (176,854 SF)
Zoning code
I2
APN
2002 093
UPID
US22-1929950
Jurisdiction
WALKER
Zoning & alternative use
I2 · Rossville, GAZoning I2 · permitted uses
I2 · Rossville, GA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.4M
INDUSTRIAL (GENERAL) Current
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
2008
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.06 ac
Current owner
From public records · entity-resolved
418 West Lake Holdings LLC
Entity
Mailing address
26 HALF MOON, HITCHCOCK, TX 77563-3687
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2025
—
418 West Lake Holdings LLC
Rami Amir
Quitclaim Deed
related
$10,000,000 · Us Bank
Oct 12, 2022
$2,648,000
Rami Amir
Romans Warehouse Rental LLC
Warranty Deed
$191,250 · Branch Banking And Trust
Dec 15, 2017
—
Romans Warehouse Rental LLC
—
Deed
related
$500,000 · First Southern Bank
Oct 4, 2017
$850,000
Romans Warehouse Rental LLC
Hutcheson Properties LLC
Warranty 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
