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Property profile & analytics
OFF-MARKET
Estimated value
$2,580,000
Investment properties
45 Main St Chattanooga, TN 37408-1242
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-1858825
Property summary
AI-generated overview
This exceptional Class A mixed-use property, located at 45 E Main St, Chattanooga, TN 37408, offers 12,740 square feet of leasable space in a vibrant Southside neighborhood. Built in 1900, this two-story building boasts a prime street-level location with excellent visibility and high foot traffic on Main Street. The zoning is U-SH-4. Currently, one retail space of approximately 2,997 square feet is available for lease. The property features a mix of retail and office tenants, including Belleza Nail Spa, Love EROS boutique, and Sweet & Savory Classroom. The upper floor comprises six well-appointed apartments. The building's strategic location places it steps away from popular restaurants such as Alleia, Main Street Meats, Bluegrass Grill, Niedlov's, and State of Confusion, surrounded by numerous residential and multifamily properties. The property includes one parking space. This versatile space is suitable for retail, office, or restaurant use. The total building size is 12,740 square feet, and the APN is 146 LA C 006. Tenant is responsible for verifying square footage.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Total area
12,740 SF
Lot
0.15 ac (6,435 SF)
Zoning code
M1
APN
145LAC 006
UPID
US80-1858825
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
-
Nephrology Associates Physician
-
Belleza Nails Spa Nail Salon
-
Love, EROS | Permanent Jewelry | Chattanooga (Bike/Boat/Book/etc) Store
-
Sweet and Savory Classroom Vocational School Training Center
-
ChattaMoova Moving Company Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.17M
Comparable Approach
Comparable
$1.71M
Blend (final)
Blend
$2.58M
Owner & transaction history
Dam Holdings LLC · 3 yrs held
Dam Holdings LLC
since 2022
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.2M
+37.3%
Auto repair, garage
$2.7M
+17.4%
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
$3,080,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,345,000
6.5%
$2,165,000
7%
$2,010,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,305,000
Current use
MEDICAL BUILDING
$3,165,000
Change: +37% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,705,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$2.58M
Range $2.32M – $2.84M · ±10% · vs last sale $3.40M (Oct 4 2022)
Last sale anchor
$3.40M
Oct 4 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
$203 / 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
$9,563
Tax year 2023
Assessed value
$427,440
Assessed 2023
Previous assessed
$427,440
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$321,800
Improvement market value
$746,800
Total market value
$1,068,600
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Heating
YES
Stories
2
Total area
12,740 SF
Lot
0.15 ac (6,435 SF)
Zoning code
M1
APN
145LAC 006
UPID
US80-1858825
Jurisdiction
HAMILTON
Zoning & alternative use
M1 · Chattanooga, TN
Zoning M1 · permitted uses
M1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.7M
COMMERCIAL (GENERAL) Current
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
1900
Heating
YES
Stories
2
Lot
0.15 ac
Current owner
From public records · entity-resolved
Dam Holdings LLC
Entity
Mailing address
412 BRADY PT RD, SIGNAL MOUNTAIN, TN 37377-2206
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
$3,400,000
Dam Holdings LLC
Sai Soho LLC
Warranty Deed
$2,550,000 · Rockpoint Bank NA
Mar 4, 2019
$2,200,000
Sai Soho LLC
Soho LLC
Trustees Deed
related
$1,800,000 · Smartbank
Feb 16, 2018
—
Soho LLC
—
Loan Modification
related
$1,423,404 · Smartbank
Aug 26, 2015
—
Soho LLC
—
Trustees Deed
related
$1,423,404 · Cornerstone Cmnty Bk
May 30, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Soho LLC
—
Loan Modification
related
$1,223,154 · Northwest Ga Bk
—
—
Soho LLC
—
Loan Modification
related
$1,223,154 · Northwest Ga Bk
—
—
Soho LLC
—
Loan Modification
related
$1,223,154 · Northwest Ga Bk
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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