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Property profile & analytics
OFF-MARKET
Estimated value
$5,405,000
Automotive properties
6728 Ringgold Rd Chattanooga, TN 37412-4230
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-0890808
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2000
Total area
35,752 SF
Lot
14.65 ac (638,154 SF)
Zoning code
C1
APN
170I C 004
UPID
US80-0890808
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
-
Camping World RV Sales Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$5.41M
Owner & transaction history
Nnn Reit INC · 1 yrs held
Nnn Reit INC
since 2024
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
C1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Medical building
$8.9M
+17.0%
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
$5,405,000
ML approach
$5,405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,590,000
Current use
MEDICAL BUILDING
$8,880,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$5.41M
Range $4.86M – $5.95M · ±10% · vs last sale $5.41M (May 29 2024)
Last sale anchor
$5.41M
May 29 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
$151 / 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
$46,301
Tax year 2023
Assessed value
$1,295,885
Assessed 2023
Previous assessed
$1,295,885
+0.0% YoY
Effective rate
3.57%
On assessed value
Land market value
$2,014,400
Improvement market value
$1,300,200
Total market value
$3,314,600
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2000
Heating
CENTRAL
Buildings
7
Stories
1
Total area
35,752 SF
Lot
14.65 ac (638,154 SF)
Zoning code
C1
APN
170I C 004
UPID
US80-0890808
Jurisdiction
HAMILTON
Zoning & alternative use
C1 · Chattanooga, TNZoning C1 · permitted uses
C1 · 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
AUTO REPAIR, GARAGE Current
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$8.9M
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
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
2000
Heating
CENTRAL
Stories
1
Buildings
7
Lot
14.65 ac
Current owner
From public records · entity-resolved
Nnn Reit INC
Entity
Mailing address
2 S MARRIOTT DR STE #900, LINCOLNSHIRE, IL 60069-3700
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
$7,232,990
Nnn Reit INC
Frhp Lincolnshire LLC
Special Warranty Deed
—
Aug 29, 2024
—
Cwi LLC
Nnn Reit INC
Lease
—
Jul 30, 2024
—
Frhp Lincolnshire LLC
Frhp 6 LLC
Quit Claim Deed
related
—
Jul 29, 2024
—
Frhp 6 LLC
Randall M Shipp
Quit Claim Deed
related
—
Jul 29, 2024
$5,407,115
Frhp 6 LLC
M Randall Shipp
Correction Deed
related
—
May 29, 2024
$5,700,000
Frhp Lincolnshire LLC
Frhp 6 LLC
Quit Claim Deed
related
—
Jan 31, 2023
$5,407,115
Frhp 6 LLC
Shipp Family Realty LLC
Special Warranty Deed
—
Aug 4, 2004
—
Shipp Family Realty LLC
Owner,record
Quit Claim Deed
related
—
Jun 28, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
—
—
Shipp Family Realty LLC
—
Deed Of Trust
related
$992,003 · Regions Bank
—
—
Shipp Family Realty LLC
—
Deed Of Trust
related
$402,450 · Regions Bank
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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