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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Office Spaces
8052 Standifer Gap Rd Chattanooga, TN 37421-1256
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US80-2008081
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2004
Total area
5,920 SF
Lot
3.48 ac (151,589 SF)
Zoning code
C3
APN
149 028
UPID
US80-2008081
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
-
Home Mortgage Loans Chattanooga Loan Service Bank
-
Loan Simple, Inc. Loan Service Bank
-
Rmj Consulting LLc Production Facility
-
Head To Toe Salon Hair Salon Nail Salon
-
Chantilly Lace Floral Boutique (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$973k
Blend (final)
Blend
$975k
Owner & transaction history
Gregory D Petree · 2 yrs held
Gregory D Petree
since 2024
Last sale
$31,000
7 recorded transactions
Zoning & alternative use
C3 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.4M
+26.8%
Auto repair, garage
$1.3M
+11.0%
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
COMMERCIAL (GENERAL)
$1,135,000
Current use
MEDICAL BUILDING
$1,435,000
Change: +27% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,255,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±10% · vs last sale $31k (Mar 5 2024)
Last sale anchor
$31k
Mar 5 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
$165 / 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
$5,796
Tax year 2023
Assessed value
$255,520
Assessed 2023
Previous assessed
$255,520
+0.0% YoY
Effective rate
2.27%
On assessed value
Land market value
$295,800
Improvement market value
$343,000
Total market value
$638,800
Applied tax rate
2.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
5,920 SF
Lot
3.48 ac (151,589 SF)
Zoning code
C3
APN
149 028
UPID
US80-2008081
Jurisdiction
HAMILTON
Zoning & alternative use
C3 · Chattanooga, TN
Zoning C3 · permitted uses
C3 · 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) Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2004
Heating
NONE
Stories
1
Lot
3.48 ac
Current owner
From public records · entity-resolved
Gregory D Petree
Individual
Mailing address
2504 DOGWOOD GDN LN, CHATTANOOGA, TN 37421-1390
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2024
—
Gregory D Petree
Greg Petree
Quit Claim Deed
related
—
Jun 2, 2020
—
Greg Petree
—
Deed
related
$300,000 · Tower Cmnty Bk
Apr 13, 2017
—
Greg D Petree
—
Deed
related
$250,000 · Pinnacle Bank
Nov 26, 2003
$31,000
Greg Petree
Calfee,co D
Grant Deed
—
—
—
Gregory D Petree
—
Deed Of Trust
related
$158,883 · Fsgbank
—
—
Greg Petree
—
Deed Of Trust
related
$220,000 · Insurors Bank Of Tennessee
—
—
Greg Petree
—
Deed Of Trust
related
$300,000 · Tower Cmnty 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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