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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Warehouses
6135 Airways Blvd Chattanooga, TN 37421-3048
Entity Owned
Free & Clear
Property ID
US80-1681107
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Total area
9,720 SF
Lot
0.54 ac (23,500 SF)
Zoning code
M1
APN
148J D 011.01
UPID
US80-1681107
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
-
Scenic City Heating and AC HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$362k
Blend (final)
Blend
$585k
Owner & transaction history
6135 Airways LLC
6135 Airways LLC
since 2026
Last sale
$780,000
7 recorded transactions
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$605,000
+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
WAREHOUSE, STORAGE
$510,000
Current use
INDUSTRIAL (GENERAL)
$605,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $780k (Feb 17 2026)
Last sale anchor
$780k
Feb 17 2026
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
$60 / 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
$3,086
Tax year 2023
Assessed value
$137,920
Assessed 2023
Previous assessed
$137,920
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$64,600
Improvement market value
$280,200
Total market value
$344,800
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
1972
Heating
NONE
Stories
1
Total area
9,720 SF
Lot
0.54 ac (23,500 SF)
Zoning code
M1
APN
148J D 011.01
UPID
US80-1681107
Jurisdiction
HAMILTON
Zoning & alternative use
M1 · Chattanooga, TN
Zoning M1 · permitted uses
M1 · 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
WAREHOUSE, STORAGE Current
Est. value
$510,000
INDUSTRIAL (GENERAL)
Est. value
$605,000
WAREHOUSE, STORAGE Current
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
1972
Heating
NONE
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
6135 Airways LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2123 MERLIN DR, CHATTANOOGA, TN 37421-2658
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2026
—
3702 Neal LLC
—
Deed
related
$1,350,000 · Standard Insurance Co
Feb 17, 2026
$780,000
6135 Airways LLC
Freedom 4t LLC
Special Warranty Deed
—
Feb 17, 2026
—
6135 Airways LLC
Freedom 4t LLC
Quitclaim Deed
related
—
Aug 1, 2025
—
Freedom 4t LLC
—
Deed
related
$470,000 · Millennium Bank
Feb 28, 2020
$335,000
Freedom 4t LLC
Sylvia K Mccook
Warranty Deed
$268,000 · Millennium Bk
Jul 14, 2016
$230,000
Sylvia K Mccook
Ccc Real Estate Holding Co LLC
Grant Deed
$184,000 · F&m Bk
Oct 15, 2012
$969,250
Ccc Real Estate Holding Co LLC
Puryear,daniel H
Trustees Deed
—
Sep 30, 2010
—
Williams Typesetting Co INC
—
Deed Of Trust
related
$1,319,700 · Newtek Small Business Finance
Feb 12, 1998
$260,000
Typesetting Compa Williams
—
Grant Deed
related
—
—
—
Williams Typesetting Co INC
—
Deed Of Trust
related
$350,000 · Southeastern Com'l Fin LLC
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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