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Property profile & analytics
OFF-MARKET Estimated value $7,535,000
Medical Office Space

1032 Mccallie Ave Chattanooga, TN 37403-2800

30,973 SF 2.12 ac lot Built 2007
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US80-1661442
Property summary
AI-generated overview

This exceptional 4,818-square-foot medical office suite is ideally situated at 1032 McCallie Avenue in Chattanooga, Tennessee, zip code 37403. The three-story building offers a highly visible and easily accessible location, just minutes from downtown Chattanooga and major medical facilities including Erlanger, Memorial, and Parkridge Hospitals, as well as the University of Tennessee at Chattanooga (UTC). The space is currently available for lease and features a versatile layout perfect for a variety of medical practices. The suite includes a welcoming reception area, eight exam rooms each equipped with sinks, three private offices providing ample administrative space, a convenient break room for staff, a dedicated lab area, a fully functional X-Ray room, three private restrooms for patient and staff use, and a sizable storage area. Ample parking is available on-site, ensuring convenient access for both employees and patients. This property presents a unique opportunity to establish or expand a medical practice in a thriving and highly accessible location within Chattanooga's medical corridor. The space is offered as a single, contiguous unit. Interested parties should inquire about lease terms and availability.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2007
Total area 30,973 SF
Lot 2.12 ac (92,347 SF)
Zoning code C3
APN 146H H 011
UPID US80-1661442
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
  • The Chattanooga Sleep Center Medical Clinic
  • Larry Schlabach, MD Physician
  • John McCravey, MD Physician
  • Harsha Vardhana, MD Physician
  • Lindquist Amy R Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.53M
Blend (final) Blend
$7.54M
Owner & transaction history
Tf & Tb LP · 9 yrs held
Tf & Tb LP
since 2017
5 recorded transactions
2018
Price N/A
2017
$4.6M
2006
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
C3 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Restaurant $10.8M +40.3%
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