Fully Equipped Medical Office
For Sale
Contact for pricing
932 Spring Creek Rd, Chattanooga, TN 37412
Turnkey medical office building with exam rooms, private offices, optical retail space, and extensive paved parking.
Property Size10,871 SF
Lot Size2.08 Acres
Price / SF$271.36
Days on Market162
Property Features for 932 Spring Creek Rd
General Information
Standard status
Active
Size
10,871 SF
Lot size
2.08 Acres
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Properties For Sale
at 932 Spring Creek Rd
932 Spring Creek Rd
AVAILABLE, Now
Floor
Bldg
Size
10,871 SF
Type
OFFICE
Lease Type
NNN
Sublease
No
- An exceptional opportunity to acquire a fully-equipped medical/professional office building boasting 10,871 square feet on a generous 2.08-acre lot in the high-traffic East Ridge area of Chattanooga. Currently operating as an established eye clinic, this property offers a premier location with excellent visibility, ample parking, and immediate occupancy potential for a variety of specialized practices or professional services. Its robust infrastructure and convenient location near major arteries make it a turn-key solution for investors or owner-users seeking a top-tier facility.
- Layout: Functional and efficient floor plan, currently configured with multiple exam rooms, private physician offices, reception/waiting areas, administrative/billing offices, staff break rooms, and a dedicated optical shop/retail space.
- Infrastructure: Includes specialized plumbing/electrical for medical equipment and substantial on-site storage.
- Parking: Extensive paved parking lot providing high accessibility for patients and staff.
- Visibility: Excellent frontage on Spring Creek Road with high daily traffic counts.
- Accessibility: Unmatched accessibility, being minutes from I-75 and Ringgold Road, connecting it swiftly to downtown Chattanooga and surrounding areas.
Contact us
Listing Agency:
SVN | Second Story RE Management
(423) 682-8241
Listed By:
Nick Petras · License ##380771
(205) 527-3500
Source:
Moodyscre
Added: May 20
Changed: Aug 23
Last Checked: Oct 28 at 10:23AM
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 SVN | Second Story RE Management
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This fully equipped medical/professional office building is currently operating as an established eye clinic. The 10,871-square-foot facility is laid out with multiple exam rooms, private physician offices, reception/waiting areas, and administrative/billing offices, along with staff break rooms. A dedicated optical shop/retail space is included, and the building benefits from specialized plumbing/electrical for medical equipment, substantial on-site storage, and a functional, efficient floor plan.
Located at 932 Spring Creek Rd in Chattanooga, the property offers excellent frontage on Spring Creek Road with high daily traffic counts and extensive paved parking for patients and staff. Accessibility is highlighted by proximity to I-75 and Ringgold Road, providing convenient connections to downtown Chattanooga and surrounding areas.
The offering is designed for immediate professional use, with the current layout supporting both clinical services and on-site optical retail.
Located at 932 Spring Creek Rd in Chattanooga, the property offers excellent frontage on Spring Creek Road with high daily traffic counts and extensive paved parking for patients and staff. Accessibility is highlighted by proximity to I-75 and Ringgold Road, providing convenient connections to downtown Chattanooga and surrounding areas.
The offering is designed for immediate professional use, with the current layout supporting both clinical services and on-site optical retail.
Key Highlights
- 10,871 SF medical/professional office building on a 2.08‑acre lot in East Ridge, Chattanooga.
- Currently configured as an eye clinic with multiple exam rooms, private physician offices, and reception/waiting areas.
- Includes dedicated optical shop/retail space plus administrative/billing offices and staff break rooms.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,745
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,494,900
$2.5M
Cap Rate 7%
$1,782,071
$1.8M
Cap Rate 9%
$1,386,056
$1.4M
Market Conditions
NOI Build-Up for 10,871 SF
Gross rent
$195.7K $18.00/SF
− Vacancy
−$29.4K −$2.70/SF
EGI
$166.3K $15.30/SF
− OpEx
−$41.6K −$3.82/SF
NOI
$124.7K $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%
$2,494,900
Cap Rate 7%
$1,782,071
Cap Rate 9%
$1,386,056
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.08M
NOI $124,745 @ 7.0% cap · market cap 4.23%
Second Best
Healthcare Medical
$1.73M
$1.51M – $2.02M
NOI $121,086 @ 7.0% cap · market cap 4.10%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,064 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
695
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37412, TN
21,881
Population
10,305
Households
2.1
Avg Household Size
39
Median Age
23%
College-Educated
86%
High-School Grad
8.7 sq mi
ZIP Area
2,515
Density / Sq Mi
$56,600
Median Household Income
$37,858
Median Earnings
$1,120
Median Rent
$182,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey medical office building with exam rooms, private offices, optical retail space, and extensive paved parking.
Where is this medical office space located?
The property is located at 932 Spring Creek Rd Chattanooga, TN.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 10,871 SF medical/professional office building on a 2.08‑acre lot in East Ridge, Chattanooga.; Currently configured as an eye clinic with multiple exam rooms, private physician offices, and reception/waiting areas.; Includes dedicated optical shop/retail space plus administrative/billing offices and staff break rooms.
