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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Car washes
7933 Brainerd Rd Chattanooga, TN 37421-3204
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US80-1378644
Property summary
AI-generated overview
This thriving Chattanooga car wash business, located at 7933 East Brainerd Road, is offered for sale at $1,700,000. The 4,950 square foot facility sits on a 0.58-acre lot zoned C-2, boasting excellent visibility and high traffic counts exceeding 31,000 AADT. Built in 2017, this single-story building is currently operating and includes all equipment and real estate in an asset sale. Its prime location offers easy access from East Brainerd Road, just before the Igou Gap intersection, placing it near major retailers, restaurants, I-75, Chattanooga Airport, Volkswagen Chattanooga, and an Amazon Fulfillment Facility. The property benefits from a loyal customer base and recently updated equipment. While no financials are provided, a 2020 appraisal valued the property at $2.2 million. This represents a significant investment opportunity for a motivated buyer. The sale includes the business, equipment, and real estate. Please note that this is an AS-IS sale.
Property profile
Verified
Property type
Car washes
Use group
CAR WASH - AUTOMATED
Year built
2017
Total area
4,930 SF
Lot
0.75 ac (32,589 SF)
Zoning code
C2
APN
159P B 011.01
UPID
US80-1378644
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
-
Choo Choo Express Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.24M
Blend (final)
Blend
$1.24M
Owner & transaction history
Hixons Holdings LLC · 11 yrs held
Hixons Holdings LLC
since 2015
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Medical building
$1.2M
+14.3%
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
$1,235,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,045,000
Current use
MEDICAL BUILDING
$1,195,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$945,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.30M (Jan 17 2020)
Last sale anchor
$1.30M
Jan 17 2020
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
$252 / 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
$9,048
Tax year 2023
Assessed value
$404,400
Assessed 2023
Previous assessed
$404,400
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$479,400
Improvement market value
$531,600
Total market value
$1,011,000
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
Car washes
Use group
CAR WASH - AUTOMATED
Status
Off-Market
Year built
2017
Heating
NONE
Buildings
3
Stories
1
Total area
4,930 SF
Lot
0.75 ac (32,589 SF)
Zoning code
C2
APN
159P B 011.01
UPID
US80-1378644
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Chattanooga, TNZoning C2 · permitted uses
C2 · 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
$1.0M
MEDICAL BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$945,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
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
2017
Heating
NONE
Stories
1
Buildings
3
Lot
0.75 ac
Current owner
From public records · entity-resolved
Hixons Holdings LLC
Entity
Mailing address
8798 WANDERING WAY, OOLTEWAH, TN 37363-5693
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2016
—
Hixons Holdings LLC
—
Trustees Deed
related
$1,337,898 · First Volunteer Bk
Jan 15, 2015
$450,000
Hixons Holdings LLC
M2 Holdings
Warranty Deed
$445,350 · Cornerstone Community Bank
Jun 17, 2013
$265,000
M2 Holdings
Krystal Co
Grant Deed
$275,000 · Capitalmark Bank & Trust
—
—
Hixons Holdings LLC
—
Deed Of Trust
related
$1,339,838 · First Volunteer Bk
—
—
Choo Choo Express LLC
—
Deed Of Trust
related
$1,105,000 · First Citizens Nat'l 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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