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Property profile & analytics
OFF-MARKET
Estimated value
$2,395,000
Parking lots & garages
Northgate Mall Dr Hixson, TN 37343
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US80-1883619
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Lot
1.39 ac (60,548 SF)
APN
110H E 004.21
UPID
US80-1883619
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.40M
Owner & transaction history
B3j Properties LLC · 1 yrs held
B3j Properties LLC
since 2025
Last sale
$2.4M
7 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 Hixson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hixson 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,985
Tax year 2023
Assessed value
$133,440
Assessed 2023
Previous assessed
$133,440
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$302,700
Improvement market value
$30,900
Total market value
$333,600
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
Parking lots & garages
Use group
PARKING GARAGE, PARKING STRUCTURE
Status
Off-Market
Heating
NONE
Lot
1.39 ac (60,548 SF)
APN
110H E 004.21
UPID
US80-1883619
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
Building & site characteristics
From public records
Heating
NONE
Lot
1.39 ac
Current owner
From public records · entity-resolved
B3j Properties LLC
Entity
Mailing address
9713 FROST CRK DR, OOLTEWAH, TN 37363-9373
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2025
$2,400,000
B3j Properties LLC
Bi Developments II LLC
Special Warranty Deed
$5,300,000 · First International Bank & Trust
Jun 16, 2022
—
Ngm Tennessee LLC
Tn Land Parcels LLC
Quitclaim Deed
related
—
Jul 22, 2021
$500,000
Ant Group LLC
Retail Partners 153 LLC
Special Warranty Deed
$375,000 · First Volunteer Bank
Jul 22, 2021
—
Bi Developments III LLC
Ant Group Lc
Quit Claim Deed
related
$375,000 · First Volunteer Bank
Jun 3, 2020
—
Belk Department Stores LP
—
Deed
related
—
Feb 6, 2019
—
Tn-land Parcels LLC
Hixson Mall LLC
Quitclaim Deed
related
—
May 31, 2016
—
Belk Department Stores LP
—
Deed
related
$900,000,000 · Bank Of America
Oct 5, 2011
$12,075,000
Hixson Mall LLC
Northgate Mall LLC
Quit Claim Deed
related
—
—
—
Retail Partners 153 LLC
—
Loan Modification
related
$368,000 · Renasant Bk
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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