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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Grocery and convenience stores
702 Central Ave Chattanooga, TN 37403-2806
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US80-1260253
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2005
Total area
6,684 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C2
APN
146H H 001
UPID
US80-1260253
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
-
Exxon Gas Station
-
Joseph Chaudhari Llc NA Physician
-
ATM (Kankus) Atm
-
Kankus Grocery & Convenience Store
-
RockItCoin Bitcoin ATM Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$745k
Owner & transaction history
Chaudhari Joseph LLC · 22 yrs held
Chaudhari Joseph LLC
since 2004
7 recorded transactions
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
COMMERCIAL (GENERAL)
$1,000,000
Change: 0% · Conversion: Easy
RETAIL STORES
$810,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$745k
Range $671k – $820k · ±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
$111 / 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
$6,318
Tax year 2023
Assessed value
$282,400
Assessed 2023
Previous assessed
$282,400
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$148,100
Improvement market value
$557,900
Total market value
$706,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
6,684 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C2
APN
146H H 001
UPID
US80-1260253
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Chattanooga, TN
Zoning C2 · permitted uses
C2 · 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
COMMERCIAL (GENERAL)
Est. value
$1.0M
RETAIL STORES
Est. value
$810,000
COMMERCIAL (GENERAL)
RETAIL STORES
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
2005
Heating
NONE
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Chaudhari Joseph LLC
Entity
Mailing address
702 CENTRAL AVE, CHATTANOOGA, TN 37403-2806
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2026
—
Joseph Chaudhari LLC
—
Deed
related
$768,000 · United Community Bank
Oct 26, 2020
—
Joseph Chaudhari LLC
—
Deed
related
$1,340,967 · Smartbank
Apr 9, 2020
—
Joseph Chaudhari LLC
—
Deed
related
$1,467,219 · Smartbank
Apr 2, 2018
—
Joseph Chaudhari LLC
—
Deed
related
$121,000 · Smartbank
Jun 22, 2004
—
Chaudhari Joseph LLC
Owner,record
Grant Deed
related
—
Feb 26, 2004
$300,000
Record Owner
Owner,record
Grant Deed
related
—
Aug 31, 2001
—
Rand M Good
Kennedy,ralph C
Grant Deed
related
—
Aug 29, 2001
—
Ralph C Kennedy
Casey,david
Grant Deed
related
—
Oct 8, 1999
$163,849
David Casey
Kennedy,ralph C
Grant Deed
—
Jun 7, 1990
$160,000
Ralph C Kennedy
Unknown
Grant Deed
—
—
—
Joseph Chaudhari LLC
—
Deed Of Trust
related
$700,000 · First National Community Bank
—
—
Joseph Chaudhari LLC
—
Loan Modification
related
$1,467,219 · Smartbank
—
—
Joseph Chaudhari LLC
—
Deed Of Trust
related
$121,000 · Smartbank
—
—
Joseph Chaudhari LLC
—
Deed Of Trust
related
$1,340,967 · Smartbank
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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