Entity Owned 
For Lease
1 / 10
$3,985,000
601 Cumberland St, Chattanooga, TN 37404
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Property summary
AI-generated overview
This Chattanooga, TN industrial property at 601 Cumberland St offers 28,523 square feet of versatile space, perfect for warehouse, distribution, flex, or manufacturing uses. The property, zoned M-1, consists of three buildings (I, J, & K) totaling 28,523 square feet, currently available as a single tenant space. Buildings I & J comprise 12,279 square feet, while Building K offers 16,244 square feet. Built in 1997, the single-story buildings boast ceiling heights ranging from 18 to 21 feet. The property includes four loading docks, two dock-high doors, and two drive-in doors, ensuring efficient loading and unloading. Ample parking is provided with 20 spaces. The electrical service is 208/120 Volt - 300 Amp 3 Phase. Approximately 3,982 square feet of office space is included, featuring seven private offices, a large conference room, breakroom, lab area, and a large workroom. The property also benefits from a fire sprinkler system. Conveniently located near three major hospitals (Erlanger, CHI Memorial, and Parkridge) and offering easy access to downtown Chattanooga via Holtzclaw Ave, this property presents a unique opportunity for businesses seeking a strategic location and functional industrial space. The property tax cost per square foot is $0.67. The APN is 136O-C-005. This is a single-tenant property.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1968
Total area
157,534 SF
Lot
8.59 ac (374,180 SF)
Zoning code
M1
APN
136O C 005
UPID
US80-1502159
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
-
Foster Care Service Social Service Agency
-
Psychotherapist
-
Registered General Nurse Nurse Practitioner
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$12.18M
Comparable Approach
Comparable
$9.95M
Blend (final)
Blend
$3.99M
Owner & transaction history
since 2026
Last sale
$15.5M
7 recorded transactions
Zoning & alternative use
M1 · Chattanooga, TN
Top alternative use upside
Retail stores
$19.1M
+94.9%
Commercial (general)
$18.7M
+90.3%
Warehouse, storage
$10.5M
+6.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.99M
Value range
$3.59M – $4.38M
±10% around blend
Estimated value / SF
$25 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$3.59M
blend $3.99M
$4.38M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
157,534 SF
Lot area
8.59 ac
Year built
1968
Stories
1
APN
136O C 005
Zoning
M1
Assessed value
$1,682,640
Annual tax
$37,646
3
Income approach: direct capitalization
Partial preview
Income approach indication
$12.18M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$13.20M
@ 6.5% CAP return
$12.18M
@ 7% CAP return
$11.31M
4
Sales comparison
Partial preview
Sales approach indication
$9.95M
Range $3.39M – $15.75M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.99M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 50 sales
$62
-59%
County 59 sales
$61
-58%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $25/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+95%
vs current-use indication
Commercial (general)
Warehouse, Storage
Industrial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$15.45M
Move the market yield to see immediate price impact.
Value / SF
$98
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$973k
$19.47M
$13.90M
$10.82M
$1.08M
$21.63M
$15.45M
$12.02M
$1.19M
$23.79M
$17.00M
$13.22M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,646
Tax year 2023
Assessed value
$1,682,640
Assessed 2023
Previous assessed
$1,682,640
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$353,900
Improvement market value
$3,852,700
Total market value
$4,206,600
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1968
Heating
YES
Buildings
17
Stories
1
Total area
157,534 SF
Lot
8.59 ac (374,180 SF)
Zoning code
M1
APN
136O C 005
UPID
US80-1502159
Jurisdiction
HAMILTON
Zoning & alternative use
M1 · Chattanooga, TNZoning M1 · permitted uses
M1 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Heating
YES
Stories
1
Buildings
17
Lot
8.59 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1
Jurisdiction
Chattanooga, TN
Recorded code
M1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M1 in Chattanooga, TN.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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