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Property profile & analytics
OFF-MARKET
Community centers
515 Airport Rd Chattanooga, TN 37421-3583
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US80-1872929
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1989
Total area
20,281 SF
Lot
1.55 ac (67,518 SF)
APN
158A A 002
UPID
US80-1872929
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
-
TSyon Notary Services TN Law Firm
-
Chattanooga Hair Co Hair Salon
-
Chapel Barber + Beard Supply Barber Shop
-
Adorned Aesthetics And Skin Spa Spa & Massage Center
-
East Tennessee Technical Consultants,LLC Tech Support Center IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Landing LLC · 8 yrs held
Landing LLC
since 2018
7 recorded transactions
Zoning & alternative use
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,575
Tax year 2023
Assessed value
$249,200
Assessed 2023
Previous assessed
$249,200
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$185,700
Improvement market value
$437,300
Total market value
$623,000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1989
Heating
NONE
Buildings
5
Stories
1
Total area
20,281 SF
Lot
1.55 ac (67,518 SF)
APN
158A A 002
UPID
US80-1872929
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Stories
1
Buildings
5
Lot
1.55 ac
Current owner
From public records · entity-resolved
Landing LLC
Entity
Mailing address
515 AIRPORT RD, CHATTANOOGA, TN 37421-3583
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
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
Feb 14, 2020
—
Landing LLC
—
Deed
related
$960,000 · First Citizens Nat'l Bk
Jul 2, 2018
—
Landing LLC
Olson,james G & Pamela
Quit Claim Deed
related
$887,000 · First Citizens Nat'l Bk
Jan 12, 2017
—
James G Olson
—
Deed
related
$513,215 · First Volunteer Bank
Nov 4, 2014
$475,000
James G Olson
Paris James R
Grant Deed
related
$796,000 · First Volunteer Bk
May 2, 2013
—
Don Walker
—
Deed Of Trust
related
$1,300,000 · Athens Fed'l Community Bank
Apr 9, 2002
—
Don Walker
Moore,thomas R
Grant Deed
related
—
—
—
Landing LLC
—
Deed Of Trust
related
$960,000 · First Citizens Nat'l Bk
—
—
Don Walker
—
Deed Of Trust
related
$275,000 · Athens Fed'l Community Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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