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Property profile & analytics
OFF-MARKET
Estimated value
$2,620,000
Motels
7324 Shallowford Rd Chattanooga, TN 37421-2626
Individually Owned
29-yr Hold
~
Est. High Equity
Property ID
US80-0963315
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1991
Total area
30,201 SF
Lot
2.64 ac (114,998 SF)
Zoning code
C2
APN
149H E 006
UPID
US80-0963315
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
-
Zaxby’s Restaurant Take-out & Catering
-
Studio 6 Chattanooga Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$2.62M
Owner & transaction history
Companies Myers · 29 yrs held
Companies Myers
since 1996
7 recorded transactions
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.1M
+33.0%
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
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
HOTEL/MOTEL
$3,060,000
Current use
RETAIL STORES
$4,065,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±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
$87 / 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
$22,683
Tax year 2023
Assessed value
$1,013,840
Assessed 2023
Previous assessed
$1,013,840
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$1,725,000
Improvement market value
$809,600
Total market value
$2,534,600
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1991
Heating
NONE
Stories
2
Total area
30,201 SF
Lot
2.64 ac (114,998 SF)
Zoning code
C2
APN
149H E 006
UPID
US80-0963315
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
HOTEL/MOTEL Current
Est. value
$3.1M
RETAIL STORES
Est. value
$4.1M
HOTEL/MOTEL Current
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
1991
Heating
NONE
Stories
2
Lot
2.64 ac
Current owner
From public records · entity-resolved
Companies Myers
Individual
Mailing address
7324 SHALLOWFORD RD, CHATTANOOGA, TN 37421-2626
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
—
Hermant H Patel
—
Deed
related
$1,000,000 · Bank Of Cleveland
Sep 13, 2021
—
Kamala Sehgi Associates
—
Deed
related
$350,000 · Bank Of Cleveland
Sep 4, 2013
—
Kamala-sehgi
—
Trustees Deed
related
$1,844,058 · Bank Of Cleveland
Apr 5, 2010
—
Kamal-sehgi
—
Trustees Deed
related
$50,000 · Bank Of Cleveland
Dec 9, 1996
$400,000
Companies Myers
Unknown
Grant Deed
$840,000 · Volunteer Bank
Dec 29, 1989
$400,000
Kamala-sehgi
Unknown
Grant Deed
—
—
—
Kamala-sehgi
—
Deed Of Trust
related
$2,340,000 · Bank Of Cleveland
—
—
Kamala Sehgi
—
Deed Of Trust
related
$200,000 · Bank Of Cleveland
—
—
Kamala Sehgi
—
Deed Of Trust
related
$970,000 · Bank Of Cleveland
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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