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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Medical Office Space
1605 Gunbarrel Rd Chattanooga, TN 37421-3126
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1870205
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
4,700 SF
Lot
0.65 ac (28,331 SF)
Zoning code
R4
APN
158E C 003
UPID
US80-1870205
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
-
Chris A Coleman, DDS MS - Coleman Orthodontics Dental Office
-
Coleman Orthodontics Dental Office
-
Rachna Gupta, DPM Physician
-
Revive Aesthetics - Chattanooga Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.41M
Owner & transaction history
Malcolm Jackson · 4 yrs held
Malcolm Jackson
since 2021
Last sale
$49,500
7 recorded transactions
Zoning & alternative use
R4 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,140,000
Current use
AUTO REPAIR, GARAGE
$1,000,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $50k (Dec 16 2021)
Last sale anchor
$50k
Dec 16 2021
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
$300 / 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
$10,091
Tax year 2023
Assessed value
$451,040
Assessed 2023
Previous assessed
$451,040
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$588,100
Improvement market value
$539,500
Total market value
$1,127,600
Applied tax rate
1.0000
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
2005
Heating
NONE
Stories
1
Total area
4,700 SF
Lot
0.65 ac (28,331 SF)
Zoning code
R4
APN
158E C 003
UPID
US80-1870205
Jurisdiction
HAMILTON
Zoning & alternative use
R4 · Chattanooga, TN
Zoning R4 · permitted uses
R4 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chattanooga. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Malcolm Jackson
Individual
Mailing address
7001 LAKESHORE DR, CHATTANOOGA, TN 37416-5000
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2021
$49,500
Malcolm Jackson
Christchurch Land Holdings LLC
Warranty Deed
$300,000 · Cogent Bank
Oct 1, 2021
$1,500,000
Aesthetic Consulting Services LLC
The Stafford Building LLC
Warranty Deed
$500,000 · Cogent Bank
Oct 1, 2021
—
The Stafford Building LLC
Fairbanks And Stafford LLC
Quit Claim Deed
related
—
Jul 23, 2021
—
The Stafford Building LLC
Fairbanks & Stafford LLC
Quit Claim Deed
related
—
Jul 11, 2008
—
Fairbanks & Stafford LLC
Fairbanks,bobby E & Voula L
Quit Claim Deed
related
—
Aug 4, 2004
—
Bobby E Fairbanks
Owner,record
Quit Claim Deed
related
—
Mar 29, 2004
—
Bobby E Fairbanks
Stafford,james
Grant Deed
related
—
Mar 25, 2004
—
Record Owner
Owner,record
Quit Claim Deed
related
—
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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