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Property profile & analytics
OFF-MARKET
Estimated value
$33,785,000
Residential income homes
515 Chestnut St Chattanooga, TN 37402
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-1232594
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1970
Total area
4,125 SF
Lot
1.31 ac (57,064 SF)
APN
135N C 003
UPID
US80-1232594
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$33.79M
Owner & transaction history
Cpz Chattanooga LLC · 3 yrs held
Cpz Chattanooga LLC
since 2023
Last sale
$33.6M
6 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
Method
Estimation
Statistic approach
$34,155,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$33.79M
Range $30.41M – $37.16M · ±10% · vs last sale $33.60M (May 15 2023)
Last sale anchor
$33.60M
May 15 2023
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
$8,190 / 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
$16,559
Tax year 2023
Assessed value
$740,120
Assessed 2023
Previous assessed
$740,120
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$1,711,900
Improvement market value
$138,400
Total market value
$1,850,300
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1970
Heating
YES
Total area
4,125 SF
Lot
1.31 ac (57,064 SF)
APN
135N C 003
UPID
US80-1232594
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
1970
Heating
YES
Lot
1.31 ac
Current owner
From public records · entity-resolved
Cpz Chattanooga LLC
Entity
Free & Clear · 3 yrs held
Mailing address
223 N 1250TH W #101, CENTERVILLE, UT 84014-1703
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2023
$33,600,000
Cpz Chattanooga LLC
Kre Hip Tree Chattanooga Owner LLC
Special Warranty Deed
—
Aug 30, 2021
$27,500,000
Kre Hip Tree Chattanooga Owner LLC
Vision Chestnut Hotel Group LLC
Warranty Deed
$245,000,000 · Jpmorgan Chase Bank NA
May 16, 2011
—
Vision Chestnut Hotel Group Ll
Industrial Dev Board Of City/chat
Quit Claim Deed
related
—
Dec 17, 2009
—
Industrial Dev Board Of City/chat
Vision Chestnut Hotel Group Ll
Grant Deed
—
Apr 17, 2006
$7,000,000
Vision Chestnut Hotel Group Ll
Chestnut Street Props I
Warranty Deed
—
Mar 31, 1995
$700,010
Chestnut Street Properties
—
Grant Deed
related
—
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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