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Property profile & analytics
OFF-MARKET
Estimated value
$1,655,000
Office Spaces
8890 Old Lee Hwy, Ooltewah, TN 37363-8658
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-0542956
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2003
Total area
7,721 SF
Lot
0.84 ac (36,590 SF)
Zoning code
C3
APN
131 082.06
UPID
US80-0542956
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
-
Cranks Sports Trading Gallery (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.25M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.66M
Owner & transaction history
Scsc II LLC · 3 yrs held
Scsc II LLC
since 2022
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
C3 · Ooltewah, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+5.0%
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 Ooltewah submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ooltewah 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
$1,610,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,345,000
6.5%
$1,245,000
7%
$1,155,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,515,000
Current use
RESTAURANT
$2,640,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.66M
Range $1.49M – $1.82M · ±10% · vs last sale $1.89M (Jul 15 2022)
Last sale anchor
$1.89M
Jul 15 2022
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
$214 / 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
$27,327
Tax year 2023
Assessed value
$719,800
Assessed 2023
Previous assessed
$719,800
+0.0% YoY
Effective rate
3.80%
On assessed value
Land market value
$1,097,700
Improvement market value
$701,800
Total market value
$1,799,500
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
2003
Heating
NONE
Stories
1
Total area
7,721 SF
Lot
0.84 ac (36,590 SF)
Zoning code
C3
APN
131 082.06
UPID
US80-0542956
Jurisdiction
HAMILTON
Zoning & alternative use
C3 · Ooltewah, TN
Zoning C3 · permitted uses
C3 · Ooltewah, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ooltewah. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
RESTAURANT
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
2003
Heating
NONE
Stories
1
Lot
0.84 ac
Current owner
From public records · entity-resolved
Scsc II LLC
Entity
Mailing address
4307 HOPE RNCH DR, APISON, TN 37302-8905
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2022
$1,886,250
Scsc II LLC
Howe Rentals LLC
Warranty Deed
$1,326,000 · Cogent Bank
Jul 14, 2016
—
Howe Rentals LLC
Howe,donavon T
Quit Claim Deed
related
—
Sep 8, 2014
—
Donavon T Howe
—
Loan Modification
related
$1,350,000 · Capitalmark Bk&tr
Mar 18, 2014
$750,000
Howe,donavon T
Southern Heritage Bk
Grant Deed
$637,500 · Capitalmark Bk&tr
May 21, 2013
$925,000
Southern Heritage Bk
Henry Travis D
Trustees Deed
related
—
Dec 24, 2008
$276,250
Mccoy Ents INC
—
Trustees Deed
related
$55,000 · Southern Heritage Bank
—
—
Mlm Properties LLC
—
Deed Of Trust
related
$63,178 · Southern Heritage Bank
—
—
Mccoy Ents INC
—
Deed Of Trust
related
$909,453 · Southern Heritage Bank
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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