Fully Equipped Medical Office
932 Spring Creek Rd Chattanooga, TN 37412
For Sale
Contact for pricing
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 Market71
Property Features for 932 Spring Creek Rd
General Information
Standard status
Active
Size
10,871 SF
Lot size
2.08 Acres
Property subtype
OFFICE
Listing Agency:
SVN | Second Story RE Management
(205) 527-3500
Listed By:
Nick Petras · License ##339695
(205) 527-3500
Source:
Moodyscre
Added: May 20
Changed: Jul 27
Last Checked: Jul 28 at 3:17PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.7k | $18.00 |
| − Vacancy | −$29.4k | −$2.70 |
| EGI | $166.3k | $15.30 |
| − OpEx | −$41.6k | −$3.82 |
| NOI | $124.7k | $11.48 |
10,871 SF · lease $18.00/SF/yr · vacancy 15.00% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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.
