1405 Cowart St Chattanooga, TN 37408-1176
Property Lookup
Property profile & analytics
1405 Cowart St Chattanooga, TN 37408-1176
- Retail space
- 22,616 SF
- 0.83 lot acres
Property ID
US80-0507809
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Perimenopause Massage Therapy & Ayurveda / Alternative Medicine Practice / Spa & Massage Center
- parkingmgt.com / Parking Lot & Garage
- Southern Surgical Arts - Calhoun, GA / Physician / Medical Clinic
- Dr. Justin Gusching / Physician
- Dr. Damien Armstrong / Dental Office
Property Details for 1405 Cowart St
- Year built
- 2014
- Lot size
- 0.83 lot acres
- Property size
- 22,616 SF
- Zone code
- C3
- Property type
- Retail space
- APN
- 145E V 002
- APU
- 145EV002
Description
This exceptional Class A medical office building, located at 1405 Cowart St in Chattanooga, TN, presents a compelling investment opportunity. The 23,974 square foot building, constructed in 2014 and renovated in 2021/2022, sits on a 0.83-acre lot and boasts 20,996 square feet of net rentable space. Currently 100% occupied by six tenants (five medical practices and one luxury hair salon), this property generates a strong NOI of $500,000, resulting in a 5.56% cap rate. The building features a contemporary design with high-end finishes, 55 on-site parking spaces, and additional off-street parking options. Its prime location in Chattanooga's thriving Southside offers exceptional visibility and accessibility, situated near major hospitals, interstate access (I-24, US-27, and I-75 within 7 miles), and the Chattanooga Regional Airport (9 miles). The property benefits from its proximity to numerous amenities, including restaurants, hotels (including The Westin Chattanooga, less than a mile away), and the University of Tennessee at Chattanooga. A newly completed Food City anchor complex with a pharmacy is directly adjacent, further enhancing the property's value and appeal. The building is equipped with EPB Fiber Optics, a state-of-the-art security system, and recently updated HVAC for the lobby and elevators. The U-IX-4 Industrial Mixed Use zoning allows for flexibility and future growth potential. This is a rare opportunity to acquire a high-performing, fully leased medical office building in a rapidly growing market. The asking price is $9,000,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Longitude
- -85.31
- Latitude
- 35.0384
- CBSA code
- 16860
- CBSA name
- CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$54,646
$0.00
$0.00
$2,442,480
-
$1,446,200
$4,660,000
$6,106,200
