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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Medical Office Space
1608 Gunbarrel Rd Chattanooga, TN 37421-7197
Individually Owned
2-yr Hold
Free & Clear
Property ID
US80-0117201
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2004
Total area
1,620 SF
Lot
0.19 ac (8,276 SF)
Zoning code
R4
APN
158E D 015.15
UPID
US80-0117201
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
-
Jena F. Beise, DPT Physician
-
Lucas Lora L Physician
-
Fisher Euna T Physician
-
Jones Amy K Physician
-
Robbins Channon L Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$524k
Blend (final)
Blend
$525k
Owner & transaction history
Carlton M Vollberg · 2 yrs held
Carlton M Vollberg
since 2024
7 recorded transactions
Zoning & alternative use
R4 · 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
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
$395,000
Current use
AUTO REPAIR, GARAGE
$345,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$324 / 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
$3,752
Tax year 2023
Assessed value
$167,720
Assessed 2023
Previous assessed
$167,720
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$150,200
Improvement market value
$269,100
Total market value
$419,300
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
2004
Heating
NONE
Stories
1
Total area
1,620 SF
Lot
0.19 ac (8,276 SF)
Zoning code
R4
APN
158E D 015.15
UPID
US80-0117201
Jurisdiction
HAMILTON
Zoning & alternative use
R4 · Chattanooga, TNZoning R4 · permitted uses
R4 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$395,000
AUTO REPAIR, GARAGE
Est. value
$345,000
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
2004
Heating
NONE
Stories
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Carlton M Vollberg
Individual
Free & Clear · 2 yrs held
Mailing address
9457 DAVID SMITH LN, OOLTEWAH, TN 37363-7201
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
—
Carlton M Vollberg
Carlton Vollberg
Deed
related
—
Nov 14, 2022
—
Carlton Vollberg
—
Deed
related
$130,000 · Tower Community Bank
Aug 24, 2021
$870,000
Chatta Property LLC
Jeff Londis
Warranty Deed
$588,031 · Tnbank
Dec 29, 2020
—
Trb Specialities INC
—
Deed
related
$302,428 · Pinnacle Bk
Aug 21, 2020
—
Carlton Vollberg
—
Deed
related
$325,000 · Tower Cmnty Bk
Oct 1, 2018
$300,000
Trb Specialities INC
Pnb Holding Co 1 INC
Grant Deed
$259,855 · Pinnacle Bk
Nov 28, 2016
$305,000
Pnb Holding Co 1 INC
Hill Elizabeth M|vollberg Co LLC
Trustees Deed
related
—
Jun 2, 2016
—
Carlton Vollberg
Vollberg Co LLC
Quit Claim Deed
related
—
Aug 3, 2011
$399,000
Vollberg Co LLC
Ss Properties
Grant Deed
$389,000 · Ss Properties
—
—
Vollberg Co LLC
—
Deed Of Trust
related
$95,000 · Stephen & Laura J Lepley
—
—
Vollberg Co LLC
—
Deed Of Trust
related
$735,250 · Capitalmark Bk&tr
—
—
Trb Specialities INC
—
Loan Modification
related
$302,428 · Pinnacle Bk
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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