Freestanding Medical Office
7550 Goodwin Road, Chattanooga, TN 37421
For Sale
Contact for pricing
Exam rooms, private offices, and a patient waiting area support a clinical layout.
Property Size6,000 SF
Lot Size2.17 Acres
Price / SF$383.33
Days on Market40
Property Features for 7550 Goodwin Road
General Information
Standard status
Size
Lot size
Property subtype
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
NAI Charter Real Estate
Listed By:
Pher Moore · License TN #366463
Source:
Crexi
Added: Oct 1
Changed: Nov 8
Last Checked: Nov 8 at 5:37PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Charter Real Estate
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Investment Insights
Based on property information with market context.
This freestanding 6,000 SF medical office property in Chattanooga is arranged with multiple exam rooms and private offices, along with reception and waiting areas. The layout also supports professional office use, as well as other commercial applications.
The property occupies approximately 2.17 acres and includes on-site parking. Its address is 7550 Goodwin Road, Chattanooga, Tennessee.
The property occupies approximately 2.17 acres and includes on-site parking. Its address is 7550 Goodwin Road, Chattanooga, Tennessee.
Key Highlights
- Freestanding 6,000 SF medical office facility
- Approximately 2.17 acres
- Multiple exam rooms and private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,850
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,000
$1.4M
Cap Rate 7%
$983,571
$983.6K
Cap Rate 9%
$765,000
$765.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$108.0K $18.00/SF
− Vacancy
−$16.2K −$2.70/SF
EGI
$91.8K $15.30/SF
− OpEx
−$23.0K −$3.82/SF
NOI
$68.9K $11.48/SF
Area
Chattanooga, TN
Vacancy
15.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,000
Cap Rate 7%
$983,571
Cap Rate 9%
$765,000
Alternative Uses
Best Use
Office B
$983.6K
$860.6K – $1.15M
NOI $68,850 @ 7.0% cap · market cap 2.99%
Second Best
Healthcare Medical
$954.7K
$835.4K – $1.11M
NOI $66,830 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,759 @ 7.0% cap · market cap 4.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,332
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 37421, TN
51,686
Population
23,978
Households
2.2
Avg Household Size
40
Median Age
38%
College-Educated
92%
High-School Grad
31.7 sq mi
ZIP Area
1,630
Density / Sq Mi
$79,958
Median Household Income
$44,452
Median Earnings
$1,313
Median Rent
$299,600
Median Home Value
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Market
Properties on Market for Medical Office Space in Chattanooga
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Exam rooms, private offices, and a patient waiting area support a clinical layout.
Where is this medical office space located?
The property is located at 7550 Goodwin Road Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Freestanding 6,000 SF medical office facility; Approximately 2.17 acres; Multiple exam rooms and private offices
