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605 Chestnut St, Chattanooga, TN 37450
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Property summary
AI-generated overview
This exceptional Class A office space, located on the 7th floor of the prestigious Liberty Tower in downtown Chattanooga's Central Business District, offers 12,307 rentable square feet (11,490 usable square feet). The entire floor is fully furnished at no additional cost, providing immediate occupancy. Enjoy breathtaking 360-degree views of the city from this modernly-designed space, featuring abundant natural light from windows on all sides. A sublease is available until May 31, 2027, with the possibility of a direct lease for qualified tenants seeking a longer-term commitment. The building, constructed in 1979, is a 16-story structure with elevators. Conveniently located, this space offers easy access to major highways and interstates. Thirty-one parking spaces are available for lease at $88 per month in a nearby garage, connected via a covered pedestrian bridge. The property's APN is 145C D 001.01, and it's situated in Hamilton County. This is a rare opportunity to secure a fully furnished, high-profile office space in a prime downtown location. The total building size is 226,644 square feet.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1979
Total area
226,644 SF
Lot
0.35 ac (15,422 SF)
Zoning code
C3
APN
145C D 001.01
UPID
US80-0423256
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
-
Building Supply Factory
-
Financial Advisor
-
Importer
-
Employment Agency
-
Corporate Office Business Park
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$20.18M
Blend (final)
Blend
$20.19M
Owner & transaction history
since 2011
6 recorded transactions
Zoning & alternative use
C3 · Chattanooga, TN
Comparables
2 recent transactions · within 1.5 miComparable in this city
2 recent transactions
Comparable in this City
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.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$20.19M
Value range
$18.17M – $22.21M
±10% around blend
Estimated value / SF
$89 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
20
Income certainty
100
$18.17M
blend $20.19M
$22.21M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
226,644 SF
Lot area
0.35 ac
Year built
1979
Stories
16
APN
145C D 001.01
Zoning
C3
Assessed value
$5,424,400
Annual tax
$121,360
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$121,360
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$20.18M
Range $16.30M – $55.05M
Evidence
2 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$20.19M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 438 sales
$150
-41%
County 548 sales
$153
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $89/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
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
Market benchmark
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
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
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$2.02M
Move the market yield to see immediate price impact.
Value / SF
$9
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%
$127k
$2.54M
$1.82M
$1.41M
$141k
$2.82M
$2.02M
$1.57M
$155k
$3.11M
$2.22M
$1.73M
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
$121,360
Tax year 2023
Assessed value
$5,424,400
Assessed 2023
Previous assessed
$5,424,400
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$784,500
Improvement market value
$12,776,500
Total market value
$13,561,000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
1979
Heating
YES
Stories
16
Total area
226,644 SF
Lot
0.35 ac (15,422 SF)
Zoning code
C3
APN
145C D 001.01
UPID
US80-0423256
Jurisdiction
HAMILTON
Zoning & alternative use
C3 · Chattanooga, TNZoning C3 · permitted uses
C3 · 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
1979
Heating
YES
Stories
16
Lot
0.35 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C3
Jurisdiction
Chattanooga, TN
Recorded code
C3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C3 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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