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Property profile & analytics
OFF-MARKET
Estimated value
$1,600,000
Individual retail properties
4228 Benton Dr, Chattanooga, TN 37406
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-1493049
Property profile
Verified
Property type
Individual retail properties
Use group
BARBER, HAIR SALON
Year built
2001
Total area
5,198 SF
Lot
0.55 ac (23,958 SF)
Zoning code
C2
APN
128E A 014
UPID
US80-1493049
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.60M
Owner & transaction history
Eej Properties LLC · 2 yrs held
Eej Properties LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.8M
+143.2%
Medical building
$1.3M
+73.3%
Auto repair, garage
$1.1M
+48.2%
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
$1,600,000
ML approach
$1,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,810,000
Change: +143% · Conversion: Difficult
MEDICAL BUILDING
$1,290,000
Change: +73% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,105,000
Change: +48% · Conversion: Difficult
Blend value · Realmo final
$1.60M
Range $1.44M – $1.76M · ±10% · vs last sale $1.60M (Feb 15 2024)
Last sale anchor
$1.60M
Feb 15 2024
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
$308 / 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
Land market value
$79,100
Improvement market value
$358,400
Total market value
$437,500
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
Individual retail properties
Use group
BARBER, HAIR SALON
Status
Off-Market
Year built
2001
Heating
YES
Stories
1
Total area
5,198 SF
Lot
0.55 ac (23,958 SF)
Zoning code
C2
APN
128E A 014
UPID
US80-1493049
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Chattanooga, TN
Zoning C2 · permitted uses
C2 · 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
RESTAURANT
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2001
Heating
YES
Stories
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Eej Properties LLC
Entity
Mailing address
5961 PINEHURST AVE, CHATTANOOGA, TN 37421-3552
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2024
$1,600,000
Eej Properties LLC
By Laws Of Living Stones Ministry I
Warranty Deed
$1,360,000 · Builtwell Bank
Jul 8, 2013
$1,675,000
Living Stones Ministry INC
Ledford,donald H SR
Grant Deed
$800,000 · Church/god Foun
Feb 23, 2010
$1,675,000
Living Stones Ministries INC
Ledford,donald H SR
Warranty Deed
$1,675,000 · Donald H SR Ledford
Jan 6, 2010
—
Donald H Ledford
—
Deed Of Trust
related
$1,630,000 · Southern Heritage Bank
Jun 27, 2006
$962,500
Donald H Ledford SR.
Bright,fletcher
Grant Deed
$875,000 · Fsgbank
Mar 15, 2002
$2,000,000
Bright Fletcher
Bridal Center Of
Grant Deed
—
Jun 22, 2000
$134,320
Bridal Center Of Chattanoo
Turner,david H
Grant Deed
—
Aug 4, 1988
$90,000
David H Turner
Unknown
Grant Deed
—
—
—
Donald H Ledford SR.
—
Deed Of Trust
related
$875,000 · Fsgbank NA Village Green
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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