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Property profile & analytics
OFF-MARKET
Estimated value
$2,785,000
Drug stores
9307 Lee Hwy, Ooltewah, TN 37363-1600
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US80-1126774
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2008
Total area
14,550 SF
Lot
1.67 ac (72,571 SF)
Zoning code
C2
APN
132H A 014
UPID
US80-1126774
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
-
Walgreens Photo (Bike/Boat/Book/etc) Store
-
COVID-19 Drive-Thru Testing at Walgreens Medical Laboratory
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
FedEx OnSite Postal Service Courier Service
-
Walgreens Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$2.79M
Owner & transaction history
Lwag Ooltewah LLC · 13 yrs held
Lwag Ooltewah LLC
since 2012
7 recorded transactions
Zoning & alternative use
C2 · Ooltewah, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$3.4M
+95.4%
Auto repair, garage
$2.8M
+62.3%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,730,000
Current use
MEDICAL BUILDING
$3,375,000
Change: +95% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,805,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$2.79M
Range $2.51M – $3.06M · ±10%
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
$191 / 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
$36,917
Tax year 2023
Assessed value
$1,650,080
Assessed 2023
Previous assessed
$1,650,080
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$1,814,300
Improvement market value
$2,310,900
Total market value
$4,125,200
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2008
Heating
YES
Stories
1
Total area
14,550 SF
Lot
1.67 ac (72,571 SF)
Zoning code
C2
APN
132H A 014
UPID
US80-1126774
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Ooltewah, TN
Zoning C2 · permitted uses
C2 · 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
RETAIL STORES Current
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.8M
RETAIL STORES Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2008
Heating
YES
Stories
1
Lot
1.67 ac
Current owner
From public records · entity-resolved
Lwag Ooltewah LLC
Entity
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2023
—
Lwag Ooltewah LLC
—
Deed
related
$85,020,515 · Ladder Capital Finance LLC
Dec 19, 2012
$5,703,124
Lwag Ooltewah LLC
Arsenault Investments Parkside LLC
Special Warranty Deed
$3,740,000 · Ladder Capital Finance LLC
Oct 31, 2008
$5,251,800
Investments-parkside Arsenault
Gvh Ooltewah Associates
Grant Deed
—
Jul 25, 2006
$675,000
Gvh Ooltewah Associates
Haven,raymond E II & Teal S
Warranty Deed
—
Mar 11, 1997
$135,000
Raymond Haven
Unknown
Grant Deed
$144,000 · First American National Bank
Sep 29, 1994
$135,000
Raymond Haven
Unknown,
Grant Deed
$135,000 · Meigs County Bank
Aug 30, 1994
$135,000
Raymond E Haven II
Unknown
Grant Deed
—
—
—
Investments-parkside Arsenault
—
Deed Of Trust
related
$4,464,030 · Compass Bank
—
—
Gvh Ooltewah Associates
—
Deed Of Trust
related
$2,250,000 · S & T Bank
—
—
Gvh Ooltewah Associates
—
Deed Of Trust
related
$4,917,250 · S & T 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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