Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Retail space
621 Market St Chattanooga, TN 37402-4802
Individually Owned
8-yr Hold
Free & Clear
Property ID
US80-3251722
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Total area
20,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C3
APN
135MDC 009
UPID
US80-3251722
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.16M
Owner & transaction history
621 Market Gp · 8 yrs held
621 Market Gp
since 2018
7 recorded transactions
Zoning & alternative use
C3 · Chattanooga, TN
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
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±10%
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
$58 / 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
$5,789
Tax year 2023
Assessed value
$258,760
Assessed 2023
Previous assessed
$258,760
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$200,000
Improvement market value
$446,900
Total market value
$646,900
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
1900
Heating
YES
Stories
4
Total area
20,000 SF
Lot
0.11 ac (5,000 SF)
Zoning code
C3
APN
135MDC 009
UPID
US80-3251722
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
Building & site characteristics
From public records
Year built
1900
Heating
YES
Stories
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
621 Market Gp
Individual
Free & Clear · 8 yrs held
Mailing address
500 INTERSTATE BLVD S STE #400, NASHVILLE, TN 37210-4600
Ownership since
2018
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
May 8, 2018
$581,000
621 Market Gp
Broad Street Lofts LLC
Warranty Deed
—
Nov 19, 2014
—
Legado LLC
Suarez,lisa
Quit Claim Deed
related
—
Nov 19, 2014
$495,000
Broad Street Lofts LLC
Legado LLC
Grant Deed
$538,500 · Glenn T Sanders
Feb 28, 2012
$289,000
Legado LLC
Suarez,raul & Lisa
Warranty Deed
—
Nov 23, 2011
$289,000
Raul Suarez
Woodmaster LLC
Warranty Deed
$179,000 · Woodmaster LLC
Dec 28, 2007
$475,000
Woodmaster LLC
Waymouth,shirley L
Warranty Deed
—
Dec 28, 2007
—
Woodmaster LLC
Calder Willingham A
Quit Claim Deed
related
$403,750 · First Tennessee Bank NA
Nov 14, 2007
—
Dorothy A Sutter
Allison,laura H
Quit Claim Deed
related
—
Sep 10, 1996
$10,000
Newell S Allison JR.
—
Grant Deed
related
—
—
—
Woodmaster LLC
—
Deed Of Trust
related
$422,617 · Burke Harriet S Trust (pt)
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 621 Market St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
