921 Main St Chattanooga, TN 37408-1524
Entity Owned
~
Est. High Equity
Estimated value (blended)
$770k
Range $693k – $847k (±10%)
Implied cap rate
6.00%
In-place · NOI ÷ last sale
Property ID
US80-1134033
Property summary
AI-generated overview
This exceptional 4,000 square foot storefront building, situated on 0.54 acres at 921 E Main St in Chattanooga, Tennessee, presents a unique investment opportunity. Built in 1977, this single-story structure boasts a 14-foot ceiling height and is currently vacant, offering a blank canvas for a variety of uses. The property is zoned M-1 & R-3, allowing for flexibility in tenant selection. Ample on-site parking is available, a significant advantage in this bustling area. A fenced yard provides additional storage space or potential for outdoor expansion. The building's prime location in Chattanooga's thriving Southside district ensures high visibility and accessibility, surrounded by new residential developments and a vibrant mix of restaurants, shops, and entertainment venues. The asking price is $1,500,000. This property is ideal for a restaurant, retail business, or office space, capitalizing on the area's rapid growth and high demand. Don't miss this chance to own a piece of Chattanooga's exciting future. The property is for sale by owner.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1977
Total area
4,200 SF
Lot
1 ac (43,560 SF)
Zoning code
M1
APN
146P F 028.01
UPID
US80-1134033
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$715k
Comparable Approach
Comparable
$824k
Blend (final)
Blend
$770k
Owner & transaction history
since 2025
Last sale
$1.0M
4 recorded transactions
Zoning & alternative use
M1 · Chattanooga, TN
Top alternative use upside
Medical building
$1.0M
+37.3%
Auto repair, garage
$890,000
+17.4%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 6 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$770k
Value range
$693k – $847k
±10% around blend
Estimated value / SF
$183 / SF
Confidence
High
6 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
60
$693k
blend $770k
$847k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,200 SF
Lot area
1 ac
Year built
1977
Stories
1
APN
146P F 028.01
Assessed value
$205,280
Annual tax
$4,593
3
Income approach: direct capitalization
Partial preview
Income approach indication
$715k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$775k
@ 6.5% CAP return
$715k
@ 7% CAP return
$660k
4
Sales comparison
Partial preview
Sales approach indication
$1.55M
Weighted, 6 comps · high confidence
Evidence
6 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.6 mi away · 3,920 SF
1.9 mi away · 3,868 SF
2.2 mi away · 3,000 SF
2.5 mi away · 4,410 SF
3.0 mi away · 5,194 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$770k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 34 sales
$181
+1%
Submarket 438 sales
$150
+22%
County 548 sales
$153
+20%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $183/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+37%
vs current-use indication
Auto Repair, Garage
Commercial (general) · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 6 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
6.00%
Implied, in-place cap rate for this office spaces
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.00%
9.0%
NOI (est.)
$72k *
Last sale · Jun 2025
$1.03M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.20M
Move the market yield to see immediate price impact.
Value / SF
$285
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.50%6.00%6.50%
$65k
$1.17M
$1.08M
$993k
$72k
$1.30M
$1.20M
$1.10M
$79k
$1.44M
$1.32M
$1.21M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
6 found
High confidence · county-verified
Closest comparable
$900k
0.5 mi · Mar 2026 · $172/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,593
Tax year 2023
Assessed value
$205,280
Assessed 2023
Previous assessed
$205,280
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$405,300
Improvement market value
$107,900
Total market value
$513,200
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1977
Heating
YES
Stories
1
Total area
4,200 SF
Lot
1 ac (43,560 SF)
Zoning code
M1
APN
146P F 028.01
UPID
US80-1134033
Jurisdiction
HAMILTON
Zoning & alternative use
M1 · Chattanooga, TNZoning M1 · permitted uses
M1 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Heating
YES
Stories
1
Lot
1 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M1
Jurisdiction
Chattanooga, TN
Recorded code
M1
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for M1 in Chattanooga, TN.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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