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Property profile & analytics
OFF-MARKET
Medical Office Space

15367 Rankin Ave Dunlap, TN 37327-7048

3,329 SF 0.52 ac lot Built 1985
Entity Owned 20-yr Hold ~ Est. High Equity
Property ID
US80-0799681
Property summary
AI-generated overview

This exceptional mixed-use property, located at 15367 Rankin Ave in Dunlap, Tennessee, presents a compelling investment opportunity. Situated on a 0.7-acre lot, the 3,325 square foot building boasts three fully built-out office spaces, one previously configured as a doctor's office. Three additional rental spaces are currently occupied, generating a consistent income stream and achieving a 6% capitalization rate. The property's strategic location across from Taco Bell on Rankin Ave ensures high visibility and accessibility. Ample parking surrounds the building, offering convenience for tenants and customers. The design allows for the potential addition of a drive-through window, further enhancing its commercial viability. This property is ideally suited for investors seeking a strong return in a thriving community that retains its small-town charm. The existing infrastructure and potential for expansion make this a versatile and attractive investment. The building's size and lot size offer significant flexibility for future development or adaptation to changing market demands. This is a rare opportunity to acquire a well-maintained, income-producing property in a growing Tennessee town. The current rental income and potential for future growth make this a sound investment with significant upside potential.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1985
Total area 3,329 SF
Lot 0.52 ac (22,750 SF)
Zoning code FLOOD
APN 077048L B 00102
UPID US80-0799681
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
  • Bible Sonia S Church
  • Fast Access Healthcare Medical Clinic
  • Dr. Jonathan M. Kerley, DO Physician
  • Botanas Ricas Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Covenant Medcare LLC · 20 yrs held
Covenant Medcare LLC
since 2005
5 recorded transactions
2005
$345,000
2003
$237,500
2003
Price N/A
1991
$90,000
1991
$90,000
Zoning & alternative use
FLOOD · Dunlap, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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