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Property profile & analytics
OFF-MARKET
Office Spaces
6111 Heritage Park Dr Chattanooga, TN 37416-3660
Individually Owned
16-yr Hold
Free & Clear
Property ID
US80-3299596
Property summary
AI-generated overview
This 2,450-square-foot Class B office condo, built in 2000, is ideally located in Chattanooga, Tennessee's Bonny Oaks Industrial and Office Park at 6111 Heritage Park Dr, 37416. Currently vacant, this executive/traditional office space boasts a desirable location near major employers Amazon and Volkswagen. The unit features a reception area, five individual offices, a sizable conference room, a kitchen, and a small warehouse area complete with a roll-up door. Two restrooms are also included. Ample parking is provided with eight dedicated spaces plus access to common area parking. The property is a NNN lease type. The space is situated facing Bonny Oaks Drive, offering excellent visibility. This presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located office space in a thriving Chattanooga commercial area. The asking price is $490,000.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2000
Total area
3,120 SF
Lot
1 ac (43,560 SF)
Zoning code
M2
APN
129P B 014 C010
UPID
US80-3299596
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
-
Dinner Delivered: Cleveland Restaurant Take-out & Catering
-
Applied Thermal Systems Inc Big Box & Wholesale Store Building Supply
-
Chromalox Sales Office Big Box & Wholesale Store Building Supply
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Hamilton County Tax Relief Tax Department
-
Securitas Security Services USA Security Service
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
Thomas G Mann · 16 yrs held
Thomas G Mann
since 2010
1 recorded transaction
Zoning & alternative use
M2 · Chattanooga, TN
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
$3,169
Tax year 2023
Assessed value
$141,640
Assessed 2023
Previous assessed
$141,640
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$83,900
Improvement market value
$270,200
Total market value
$354,100
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2000
Heating
NONE
Stories
1
Total area
3,120 SF
Lot
1 ac (43,560 SF)
Zoning code
M2
APN
129P B 014 C010
UPID
US80-3299596
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.
Building & site characteristics
From public records
Year built
2000
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Thomas G Mann
Individual
Free & Clear · 16 yrs held
Mailing address
6111 HERITAGE PARK DRB300, CHATTANOOGA, TN 37416-3660
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2010
$80,000
Thomas G Mann
Mann,thomas G
Quit Claim 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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