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    Medical Office Space Near Hospital Title is generated by Realmo AI

    305 Grady Road, Etowah, TN 37331

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    For Lease
    $2,500/Mo $14 SF/Yr (calc)

    COMMERCIAL - Etowah, TN

    Type:Office
    Property size:
    2,050 SF
    Added:
    Jan 12, 2026
    Days on Market:
    145
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 305 Grady Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Zoning
    Commercial
    Parking features
    Parking Lot
    Interior features
    Laminate Counters
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    107b A 019.01
    Size
    2,050 SF

    Taxes and HOA fees

    Tax Annual Amount
    4213

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Central, Natural Gas
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1997
    Flooring type
    Carpet, Tile
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Margaret Wilcox

    Listing agent Margaret Wilcox License #365875

    Listing office Southern Homes 300 W Madison Ave, TN

    Listing date Jan 12, 2026

    MLS# 20260182

    Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Location: Situated directly behind the hospital, offering convenience for medical professionals and patients.
    • Ample Parking: Features a large parking lot, accommodating both patients and staff.
    • Turn‑Key Medical Office: Includes 5 well‑sized exam rooms with existing exam tables and sinks.
    • Multiple Private Offices: Contains 2 private doctor's offices, one with an in‑suite half bath.
    • Functional Layout: Includes a spacious waiting room, reception area, central office area, and staff break area.
    • Flexible Space: Open room can be used for anything.

    Overview

    This commercial property in Etowah, Tennessee, offers a 2,050-square-foot medical office suite available for rent. Located near the hospital, the property features ample parking for both patients and staff. The suite includes a spacious waiting room and reception area, along with a versatile open room previously used as a break area. There are two private doctor's offices, one smaller office near the reception area and a larger one in the back with an in-suite half bath. The suite also contains five exam rooms, four measuring approximately 10'x8' and one measuring 12'x10.5', all equipped with exam tables and sinks. A centrally located half bath is available for patients, with an additional half bath in the back for staff. The layout includes a central office area for documenting patient care, a small kitchen area situated between two storage/utility rooms, and an additional entrance/exit. This office space is suitable for general practitioners, pediatricians, nurse practitioners, or other medical professionals seeking ample space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waters Donald MD Physician Starr Regional Family ... Medical Clinic Kayla Walker, PA-C Physician Angelina Sheridan, PA-C Physician Timothy Collins, MD Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Pharmacy Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Etowah
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.524736
    Latitude
    35.345987

    FAQs

    What type of property is this?
    Medical Office Space - Spacious medical office suite available for rent near hospital.
    Where is this medical office space located?
    The property is located at 305 Grady Road Etowah, TN.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Prime Location: Situated directly behind the hospital, offering convenience for medical professionals and patients.; Ample Parking: Features a large parking lot, accommodating both patients and staff.; Turn‑Key Medical Office: Includes 5 well‑sized exam rooms with existing exam tables and sinks.
    (423) 506-5642
    We can help!
    Listing Contact
    Margaret Wilcox
    Real Estate License ID: 365875
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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