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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Retail space
6178 Adamson Cir, Chattanooga, TN 37416-3647
Entity Owned
4-yr Hold
Free & Clear
Property ID
US80-1403830
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1854
Total area
7,282 SF
Lot
1.23 ac (53,361 SF)
APN
129P B 020
UPID
US80-1403830
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
-
Genesis House of Tea Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$865k
Comparable Approach
Comparable
$773k
Blend (final)
Blend
$750k
Owner & transaction history
Iron Horse Properties Tn LLC · 4 yrs held
Iron Horse Properties Tn LLC
since 2022
Last sale
$670,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.0M
+15.9%
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%
$940,000
6.5%
$865,000
7%
$805,000
Alternative Use
Use
Estimation
RETAIL STORES
$885,000
Current use
COMMERCIAL (GENERAL)
$1,025,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $670k (Mar 15 2022)
Last sale anchor
$670k
Mar 15 2022
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
$103 / 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
$5,571
Tax year 2023
Assessed value
$249,000
Assessed 2023
Previous assessed
$249,000
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$149,400
Improvement market value
$473,100
Total market value
$622,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1854
Heating
YES
Stories
2
Total area
7,282 SF
Lot
1.23 ac (53,361 SF)
APN
129P B 020
UPID
US80-1403830
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$885,000
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES Current
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
1854
Heating
YES
Stories
2
Lot
1.23 ac
Current owner
From public records · entity-resolved
Iron Horse Properties Tn LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6131 SHALLOWFORD RD STE #101, CHATTANOOGA, TN 37421-7807
Ownership since
2022
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
Jun 17, 2022
—
Iron Horse Properties Tn LLC
—
Deed
related
$3,835,000 · Pinnacle Bank
Mar 15, 2022
$670,000
Iron Horse Properties Tn LLC
Ralph Stafford JR
Warranty Deed
—
Mar 15, 2022
—
Iron Horse Properties Tn LLC
Ralph Stafford JR
Quit Claim Deed
related
—
Jul 14, 2016
$558,000
Ralph Stafford
Chattanooga Church
Warranty Deed
$474,300 · First Tennessee Bank NA
Jul 10, 1998
—
Ava D Munger
—
Deed Of Trust
related
—
Aug 23, 1996
$82,500
Robert Munger
Unknown
Grant Deed
$280,000 · Legal Title & Escrow
Aug 23, 1996
$330,000
Robert P Munger
—
Grant Deed
related
—
Dec 29, 1995
$82,500
Garnet C Chapin
Unknown
Grant Deed
$170,000 · Amsouth Bank
Sep 28, 1994
$82,500
Garnet C Chapin
Unknown,
Grant Deed
—
—
—
Chattanooga Church
—
Deed Of Trust
related
$435,000 · First Tn Bk
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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