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Property profile & analytics
OFF-MARKET
Estimated value
$7,290,000
Automotive properties
900 Riverfront Pkwy Chattanooga, TN 37402-2101
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1970811
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1971
Total area
22,247 SF
Lot
3.02 ac (131,551 SF)
Zoning code
M1
APN
145C A 001
UPID
US80-1970811
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
-
Trail of Tears Remembrance Association Event Planning Wedding Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.68M
Blend (final)
Blend
$7.29M
Owner & transaction history
Sports Car Garage Group LLC · 1 yrs held
Sports Car Garage Group LLC
since 2024
Last sale
$7.3M
6 recorded transactions
Zoning & alternative use
M1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Restaurant
$7.8M
+64.2%
Medical building
$5.5M
+17.0%
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
$7,370,000
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
$4,725,000
Current use
RESTAURANT
$7,755,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$5,525,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$7.29M
Range $6.56M – $8.02M · ±10% · vs last sale $7.25M (Dec 27 2023)
Last sale anchor
$7.25M
Dec 27 2023
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
$328 / 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
$48,587
Tax year 2023
Assessed value
$2,171,680
Assessed 2023
Previous assessed
$2,171,680
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$4,735,800
Improvement market value
$693,400
Total market value
$5,429,200
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1971
Heating
YES
Stories
1
Total area
22,247 SF
Lot
3.02 ac (131,551 SF)
Zoning code
M1
APN
145C A 001
UPID
US80-1970811
Jurisdiction
HAMILTON
Zoning & alternative use
M1 · Chattanooga, TNZoning M1 · permitted uses
M1 · 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
$4.7M
RESTAURANT
Est. value
$7.8M
MEDICAL BUILDING
Est. value
$5.5M
AUTO REPAIR, GARAGE Current
RESTAURANT
MEDICAL BUILDING
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
1971
Heating
YES
Stories
1
Lot
3.02 ac
Current owner
From public records · entity-resolved
Sports Car Garage Group LLC
Entity
Mailing address
100 W MARTIN LUTHER KING BLVD STE #600, CHATTANOOGA, TN 37402-2542
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
—
Sports Car Garage Group LLC
—
Deed
related
$5,437,500 · First Citizens National Bank
Aug 7, 2024
$7,250,000
Sports Car Garage Group LLC
Southeastern Trust Company
Special Warranty Deed
$5,900,000 · Commercial Bank
Dec 27, 2023
—
Southeastern Trust Company
Kelly Auto Group INC
Quit Claim Deed
related
—
Jun 11, 2021
—
Kelly Auto Group INC
—
Deed
related
$3,700,000 · Smartbank
Aug 3, 2020
—
Kelly Auto Group INC
—
Deed
related
$3,595,478 · Bank3
—
—
Kelly Auto Group INC
—
Deed Of Trust
related
$3,595,478 · Bank3
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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