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Property profile & analytics
OFF-MARKET
Estimated value
$1,360,000
Grocery and convenience stores
429 Market St Chattanooga, TN 37402-1204
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-1683495
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1950
Total area
6,369 SF
Lot
0.26 ac (11,400 SF)
Zoning code
C3
APN
135MDA 007
UPID
US80-1683495
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
-
Brightbase- Pay to Park- Lot 429 Parking Lot & Garage
-
Tennessee Title Loans Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.36M
Owner & transaction history
Market Street 429 Holding LLC · 5 yrs held
Market Street 429 Holding LLC
since 2021
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
C3 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+186.8%
Medical building
$1.6M
+104.4%
Auto repair, garage
$1.4M
+74.7%
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
$1,840,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,220,000
Change: +187% · Conversion: Easy
MEDICAL BUILDING
$1,580,000
Change: +104% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,350,000
Change: +75% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,055,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.45M (Apr 6 2021)
Last sale anchor
$1.45M
Apr 6 2021
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
$214 / 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
$12,534
Tax year 2023
Assessed value
$560,240
Assessed 2023
Previous assessed
$560,240
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$855,000
Improvement market value
$545,600
Total market value
$1,400,600
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1950
Heating
YES
Stories
1
Total area
6,369 SF
Lot
0.26 ac (11,400 SF)
Zoning code
C3
APN
135MDA 007
UPID
US80-1683495
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
RESTAURANT
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1950
Heating
YES
Stories
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Market Street 429 Holding LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2720 HOMESTEAD RD, PARK CITY, UT 84098-4881
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2021
$1,450,000
Market Street 429 Holding LLC
429 Market LLC
Warranty Deed
—
Dec 29, 2016
$1,600,000
429 Market Gp
Charles H Morton
Warranty Deed
$400,000 · Morton Charles
Oct 21, 2016
—
Charles H Morton
—
Deed
related
$476,816 · First Volunteer Bk
Jun 3, 2016
—
Charles H Morton
—
Deed
related
$472,455 · First Volunteer Bk
Oct 14, 2009
$325,000
Charles H Morton
Mason,ronald D
Quit Claim Deed
related
—
Mar 29, 2005
—
Charles H Morton
—
Trustees Deed
related
$151,176 · Gateway Bank & Trust
Jul 18, 1996
$123,100
Charles H Morton
—
Grant Deed
related
—
Nov 29, 1991
$200,000
Buehler Market INC
Unknown
Grant Deed
—
—
—
Charles H Morton
—
Loan Modification
related
$472,455 · First Volunteer Bk
—
—
Charles H Morton
—
Loan Modification
related
$476,816 · First Volunteer Bk
—
—
Charles H Morton
—
Deed Of Trust
related
$505,535 · Gateway Bank & Trust
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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