16-Bed Assisted Living
950 DODSON AVE CHATTANOOGA TN 37406, Chattanooga, TN 37406
For Sale
Contact for pricing
Eight sleeping rooms, an administrative office, shared gathering areas, and a secured medication room support residential care operations.
Property Size7,259 SF
Price / SF$206.64
Days on Market14
Property Features for 950 DODSON AVE CHATTANOOGA TN 37406
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Amenities
8 rooms with 2 beds each
4 full bathrooms with 2 stalls and shower
lockable medicine room
private office with attached bathroom and shower
fully equipped kitchen with 2 refrigerators and gas stove with overhead extinguisher
separate laundry room
spacious dining area and living room
completely fenced yard
covered picnic area
Listing Agency:
Zach Taylor Real Estate
Listed By:
Gloria Page · License #327542
(423) 883-6407
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 4:28PM
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 Zach Taylor Real Estate
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Investment Insights
Based on property information with market context.
The 7,259-square-foot assisted living property at 950 Dodson Ave in Chattanooga, Tennessee, has eight rooms configured with two beds each, for a total of 16 beds. Four full bathrooms each include two stalls and a shower. The building also contains a lockable medication room, a private office with an attached bathroom and shower, a separate laundry room, and dining and living areas. The kitchen has two large refrigerators and a gas stove with an overhead fire extinguisher. A newer roof and HVAC systems are among the building features.
The grounds include a fenced yard and a covered picnic area. A van is included for resident transportation to appointments.
The grounds include a fenced yard and a covered picnic area. A van is included for resident transportation to appointments.
Key Highlights
- 7,259‑square‑foot property with 16 beds across 8 two‑bed rooms
- Four full bathrooms, each with 2 stalls and a shower
- Private office includes an attached bathroom and shower; separate lockable medication room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,949
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,278,980
$1.3M
Cap Rate 7%
$913,557
$913.6K
Cap Rate 9%
$710,544
$710.5K
Market Conditions
NOI Build-Up for 7,259 SF
Gross rent
$123.7K $17.04/SF
− Vacancy
−$7.4K −$1.02/SF
EGI
$116.3K $16.02/SF
− OpEx
−$52.3K −$7.21/SF
NOI
$63.9K $8.81/SF
Area
Chattanooga, TN
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,278,980
Cap Rate 7%
$913,557
Cap Rate 9%
$710,544
Alternative Uses
Best Use
Apartment 5plus
$913.6K
$799.4K – $1.07M
NOI $63,949 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.60M
$1.40M – $1.87M
NOI $112,223 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 37406, TN
12,422
Population
5,894
Households
2.1
Avg Household Size
36
Median Age
16%
College-Educated
85%
High-School Grad
12.1 sq mi
ZIP Area
1,027
Density / Sq Mi
$42,993
Median Household Income
$31,076
Median Earnings
$944
Median Rent
$150,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Similar Off Market Nearby
- Parkwood Retirement Center — 2700 parkwood ave # a, chattanooga, tn 37404
- Friendship Haven Inc — 950 dodson ave, chattanooga, tn 37406
- Arehouse Assisted Living — 918 n hickory st, chattanooga, tn 37406
Frequently Asked Questions
What type of property is this?
Assisted living facility - Eight sleeping rooms, an administrative office, shared gathering areas, and a secured medication room support residential care operations.
Where is this assisted living facility located?
The property is located at 950 DODSON AVE CHATTANOOGA TN 37406 Chattanooga, TN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 7,259‑square‑foot property with 16 beds across 8 two‑bed rooms; Four full bathrooms, each with 2 stalls and a shower; Private office includes an attached bathroom and shower; separate lockable medication room
