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Property profile & analytics
OFF-MARKET
Estimated value
$4,550,000
Parking lots & garages
613 Broad St Chattanooga, TN 37402
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0614217
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Year built
1980
Total area
19,798 SF
Lot
0.87 ac (37,736 SF)
Zoning code
C3
APN
135NCC 002
UPID
US80-0614217
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
-
Republic Parking (613 Broad St Parking) Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.73M
Blend (final)
Blend
$4.55M
Owner & transaction history
6th & Broad LLC · 2 yrs held
6th & Broad LLC
since 2024
Last sale
$4.6M
6 recorded transactions
Zoning & alternative use
C3 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$6.9M
+82.7%
Medical building
$4.9M
+30.2%
Auto repair, garage
$4.2M
+11.3%
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
$4,550,000
ML approach
$4,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
PARKING LOT
$3,775,000
Current use
RESTAURANT
$6,900,000
Change: +83% · Conversion: Difficult
MEDICAL BUILDING
$4,915,000
Change: +30% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,205,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,285,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$4.55M
Range $4.10M – $5.01M · ±10% · vs last sale $4.55M (Mar 15 2024)
Last sale anchor
$4.55M
Mar 15 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
$230 / 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
$16,634
Tax year 2023
Assessed value
$743,480
Assessed 2023
Previous assessed
$743,480
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$1,203,600
Improvement market value
$655,100
Total market value
$1,858,700
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Year built
1980
Heating
YES
Stories
1
Total area
19,798 SF
Lot
0.87 ac (37,736 SF)
Zoning code
C3
APN
135NCC 002
UPID
US80-0614217
Jurisdiction
HAMILTON
Zoning & alternative use
C3 · Chattanooga, TNZoning C3 · permitted uses
C3 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
PARKING LOT Current
Est. value
$3.8M
RESTAURANT
Est. value
$6.9M
MEDICAL BUILDING
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.3M
PARKING LOT Current
RESTAURANT
MEDICAL BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1980
Heating
YES
Stories
1
Lot
0.87 ac
Current owner
From public records · entity-resolved
6th & Broad LLC
Entity
Free & Clear · 2 yrs held
Mailing address
817 BROAD ST STE #201, CHATTANOOGA, TN 37402-2629
Ownership since
2024
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
Mar 15, 2024
$4,550,000
6th & Broad LLC
Brutus LLC
Warranty Deed
—
Mar 4, 2014
—
Republic Parking System INC
Republic Parking System Intl
Quit Claim Deed
related
—
Mar 18, 2013
—
Republic Parking System Intl
—
Deed Of Trust
related
$2,500,000 · First Tennessee Bank National
Mar 11, 2011
—
Republic Parking System Intl
Sixth Street LP
Quit Claim Deed
related
—
Oct 1, 2008
—
Sixth Street
Bluecross Blueshield Of Tennessee
Quit Claim Deed
related
$2,000,000 · Cornerstone Community Bank
Oct 1, 2008
$2,000,000
Sixth Street
Bluecross Blueshield Of Tennessee
Grant Deed
—
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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