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Property profile & analytics
FOR LEASE
Banks
835 Georgia Ave Chattanooga, TN 37402
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US80-2850340
For Lease
1 / 17
$18 SF/Yr
835 Georgia Ave, Chattanooga, TN 37402
View Listing →
Property summary
AI-generated overview
This exceptional eight-story office building, constructed in 1920, offers 32,184 square feet of space in Chattanooga's bustling business district at 835 Georgia Ave, Chattanooga, TN 37402. Currently, 17,640 square feet is available for lease, suitable for various office needs. The building features multiple tenancy options, including traditional, executive, medical, creative, and coworking spaces. Four individual spaces totaling 4,410 square feet are immediately available. The building boasts elevators and is located in Hamilton County, offering excellent visibility and accessibility. Its central location provides easy access to amenities and transportation. The building's design allows for ample natural light and versatile floor plans, adaptable to a wide range of business requirements. This is a unique opportunity to secure prime office space in a historic yet modern building in the heart of Chattanooga.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1920
Total area
10,828 SF
Lot
0.07 ac (3,162 SF)
APN
145D L 012 C001
UPID
US80-2850340
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
-
Geosyntec Consultants Consultant
-
Evans Harrison Hackett PLLC Law Firm
-
SmartBank Bank Loan Service
-
Republic Parking Parking Lot & Garage
-
Spirit Logistics LLC Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Smartbank · 5 yrs held
Smartbank
since 2020
Last sale
$725,000
6 recorded transactions
Zoning & alternative use
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
$900,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$720,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$675,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $725k (Oct 22 2020)
Last sale anchor
$725k
Oct 22 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
$67 / 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
$13,597
Tax year 2023
Assessed value
$607,760
Assessed 2023
Previous assessed
$607,760
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$126,400
Improvement market value
$1,393,000
Total market value
$1,519,400
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
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1920
Heating
NONE
Stories
2
Total area
10,828 SF
Lot
0.07 ac (3,162 SF)
APN
145D L 012 C001
UPID
US80-2850340
Jurisdiction
HAMILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$720,000
INDUSTRIAL (GENERAL)
Est. value
$675,000
WAREHOUSE, STORAGE
INDUSTRIAL (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
1920
Heating
NONE
Stories
2
Lot
0.07 ac
Current owner
From public records · entity-resolved
Smartbank
Individual
Free & Clear · 5 yrs held
Mailing address
2430 TEASTER LN STE #205, PIGEON FORGE, TN 37863-5274
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2020
$725,000
Smartbank
Lamp Post Properties LLC
Warranty Deed
—
Oct 1, 2020
—
Lamp Post Properties LLC
—
Deed
related
$300,000 · Pinnacle Bk
Aug 11, 2014
$3,500,000
Lamp Post Properties LLC
Berry James C
Grant Deed
—
Jan 31, 2014
—
James C Berry
Berry James C Rev Trust 1
Quit Claim Deed
related
—
May 3, 2013
—
Berry,james C Trust 1
Berry,james C
Quit Claim Deed
related
—
Apr 19, 2011
—
Berry,james C & Carlydia
Republic Properties INC
Quit Claim Deed
related
$1,615,000 · Tennessee Vly FCU
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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