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Property profile & analytics
OFF-MARKET
Estimated value
$545,000
Warehouses
5961 Pinehurst Ave Chattanooga, TN 37421-3552
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1501016
Property summary
AI-generated overview
This exceptional Chattanooga, TN industrial property offers a versatile 5,040-square-foot building situated on a 0.76-acre lot. The single-story structure, built in 2001, features a 3,040-square-foot warehouse and a 2,000-square-foot office space. The warehouse boasts a 17'5" center height, 12'9" eave height, and a convenient 14' wide x 12' tall drive-in door. Both the warehouse and office areas include restrooms. The office space is further enhanced by five individual offices, a reception area, and a kitchen area. A significant advantage is the inclusion of a fenced 0.37-acre asphalt laydown yard or parking area, accessible via two entrances. The property is conveniently zoned M1 and enjoys quick access to Highway 153. The provided square footage and acreage are based on publicly available information and owner-provided data, and while deemed reliable, are not guaranteed. This property is ideal for a variety of industrial or flex uses. The property's address is 5961 Pinehurst Ave, Chattanooga, TN 37421. APN: 148P B 017.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2001
Total area
5,400 SF
Lot
0.75 ac (32,670 SF)
Zoning code
M2
APN
148P B 017
UPID
US80-1501016
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
-
TWO MEN AND A TRUCK Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$349k
Blend (final)
Blend
$545k
Owner & transaction history
Red Holdings LLC · 1 yrs held
Red Holdings LLC
since 2025
Last sale
$737,500
7 recorded transactions
Zoning & alternative use
M2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$725,000
+155.4%
Industrial (general)
$335,000
+18.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$725,000
Change: +155% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$335,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $738k (Dec 28 2024)
Last sale anchor
$738k
Dec 28 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
$101 / 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
$2,970
Tax year 2023
Assessed value
$132,760
Assessed 2023
Previous assessed
$132,760
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$113,200
Improvement market value
$218,700
Total market value
$331,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2001
Heating
NONE
Stories
1
Total area
5,400 SF
Lot
0.75 ac (32,670 SF)
Zoning code
M2
APN
148P B 017
UPID
US80-1501016
Jurisdiction
HAMILTON
Zoning & alternative use
M2 · Chattanooga, TN
Zoning M2 · permitted uses
M2 · 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
RETAIL STORES
Est. value
$725,000
INDUSTRIAL (GENERAL)
Est. value
$335,000
RETAIL STORES
INDUSTRIAL (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
2001
Heating
NONE
Stories
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Red Holdings LLC
Entity
Mailing address
5961 PINEHURST AVE, CHATTANOOGA, TN 37421-3552
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Mar 28, 2025
$737,500
Red Holdings LLC
Joseph S Hale
Special Warranty Deed
$374,981 · Tennessee Valley FCU
Nov 17, 2017
—
Joseph S Hale
—
Grant Deed
related
$1,415,000 · First Volunteer Bk
Jun 24, 2013
—
Joseph S Hale
Langley,jess E & Martha
Quit Claim Deed
related
—
Aug 20, 2004
$289,000
East Tennessee Moving Co LLC
Owner,record
Warranty Deed
related
—
May 6, 2004
$240,000
Tommy Hopkins
Curtiss,john C
Grant Deed
—
May 4, 2004
$240,000
Record Owner
Owner,record
Warranty Deed
related
—
Oct 20, 2000
$62,500
John C Curtis III
Stiles,mary R
Grant Deed
—
—
—
East Tennessee Moving Co LLC
—
Deed Of Trust
related
$150,000 · Regions 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.
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