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Property profile & analytics
OFF-MARKET
Turn key restaurants
825 Houston St Chattanooga, TN 37403-4116
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0723717
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1920
Total area
1,800 SF
Lot
0.03 ac (1,410 SF)
Zoning code
C3
APN
145D V 012
UPID
US80-0723717
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
-
The Bitter Alibi Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Richard A Heinsman JR · 3 yrs held
Richard A Heinsman JR
since 2023
Last sale
$157,500
7 recorded transactions
Zoning & alternative use
C3 · Chattanooga, TN
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,825
Tax year 2023
Assessed value
$81,560
Assessed 2023
Previous assessed
$81,560
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$10,200
Improvement market value
$193,700
Total market value
$203,900
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1920
Heating
YES
Stories
2
Total area
1,800 SF
Lot
0.03 ac (1,410 SF)
Zoning code
C3
APN
145D V 012
UPID
US80-0723717
Jurisdiction
HAMILTON
Zoning & alternative use
C3 · Chattanooga, TNZoning C3 · permitted uses
C3 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1920
Heating
YES
Stories
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Richard A Heinsman JR
Individual
Mailing address
825 HOUSTON ST, CHATTANOOGA, TN 37403-4116
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Feb 9, 2023
—
Richard A Heinsman JR
Misty Starr Heinsman
Intrafamily Transfer
related
$380,100 · Southeast Bank
Jul 10, 2018
—
Richard A Heinsman JR
—
Deed
related
$300,000 · First Volunteer Bk
Jul 5, 2007
$157,500
Richard A Heinsman JR.
Bomar Prop Improvements INC
Warranty Deed
$134,237 · Amsouth Bank
Oct 25, 2006
$145,200
Bomar Prop Improvements INC
Malone,mike
Warranty Deed
$147,921 · Bank Of Lafayette
Jan 4, 1999
—
Mike Malone
Promo INC
Grant Deed
related
—
Jan 25, 1995
—
Promo INC
—
Deed Of Trust
related
—
Mar 11, 1992
$35,000
Mike Malone
Unknown
Grant Deed
—
—
—
Richard A Heinsman
—
Deed Of Trust
related
$456,702 · Regions Bank
—
—
Richard A Heinsman JR
—
Deed Of Trust
related
$131,000 · First Volunteer Bk
—
—
Richard A Heinsman JR
—
Deed Of Trust
related
$300,000 · First Volunteer Bk
—
—
Richard A Heinsman
—
Deed Of Trust
related
$50,000 · Suntrust Bank NA
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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