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Property profile & analytics
OFF-MARKET
Estimated value
$305,000
Medical Office Space
1012 Spg Crk Rd Chattanooga, TN 37412-3912
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US80-1084978
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1945
Total area
2,452 SF
Lot
1.15 ac (50,094 SF)
Zoning code
O1
APN
169E B 002.01
UPID
US80-1084978
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rowland Jack MD Physician
-
Direct Primary Care Center Medical Clinic
-
River City Women's Specialists Physician
-
Lydia Van Dyke Midwife
-
Dr. Michael Seeber Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$305k
Owner & transaction history
Jack M Rowland · 5 yrs held
Jack M Rowland
since 2020
Last sale
$245,000
3 recorded transactions
Zoning & alternative use
O1 · Chattanooga, TN
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Chattanooga submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chattanooga submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$305,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$305k
Range $275k – $336k · ±10% · vs last sale $245k (Sep 21 2020)
Last sale anchor
$245k
Sep 21 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$124 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,591
Tax year 2023
Assessed value
$102,000
Assessed 2023
Previous assessed
$102,000
+0.0% YoY
Effective rate
3.52%
On assessed value
Land market value
$181,800
Improvement market value
$73,200
Total market value
$255,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1945
Heating
NONE
Stories
1
Total area
2,452 SF
Lot
1.15 ac (50,094 SF)
Zoning code
O1
APN
169E B 002.01
UPID
US80-1084978
Jurisdiction
HAMILTON
Zoning & alternative use
O1 · Chattanooga, TNZoning O1 · permitted uses
O1 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
1945
Heating
NONE
Stories
1
Lot
1.15 ac
Current owner
From public records · entity-resolved
Jack M Rowland
Individual
Mailing address
1012 SPG CRK RD, CHATTANOOGA, TN 37412-3912
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2020
$245,000
Jack M Rowland
Michael Seeber
Warranty Deed
$335,800 · Synovus Bk
Nov 9, 2017
$205,000
Michael Seeber
Zakeena Majeed
Warranty Deed
$178,500 · First Tennessee Bank NA
Nov 3, 2017
—
Michael Seeber
—
Deed
related
$178,500 · First Tennessee Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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