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Property profile & analytics
OFF-MARKET
Estimated value
$4,505,000
Medical Office Space
1801 Gunbarrel Rd Chattanooga, TN 37421-3130
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0530744
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
10,856 SF
Lot
1.71 ac (74,488 SF)
Zoning code
O1
APN
158D F 018
UPID
US80-0530744
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
-
RENAISSANCE SURGERY CENTER, LLC Medical Clinic Hospital
-
Pomerance Eye Center PC Ophthalmologist
-
Dr. Michelle Y. Robison, MD Ophthalmologist
-
Dr. Gene K. Lee, MD Ophthalmologist
-
Joseph L. Jacks, Crna Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.67M
Blend (final)
Blend
$4.51M
Owner & transaction history
Flagship Gunbarrel Chattanooga LLC · 4 yrs held
Flagship Gunbarrel Chattanooga LLC
since 2021
Last sale
$6.0M
7 recorded transactions
Zoning & alternative use
O1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+105.8%
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
$5,840,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$5,420,000
Change: +106% · Conversion: Difficult
Blend value · Realmo final
$4.51M
Range $4.05M – $4.96M · ±10% · vs last sale $6.00M (Dec 2 2021)
Last sale anchor
$6.00M
Dec 2 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
$415 / 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
$26,303
Tax year 2023
Assessed value
$1,175,640
Assessed 2023
Previous assessed
$1,175,640
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$1,582,900
Improvement market value
$1,356,200
Total market value
$2,939,100
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
1997
Heating
NONE
Stories
1
Total area
10,856 SF
Lot
1.71 ac (74,488 SF)
Zoning code
O1
APN
158D F 018
UPID
US80-0530744
Jurisdiction
HAMILTON
Zoning & alternative use
O1 · Chattanooga, TN
Zoning O1 · permitted uses
O1 · 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
RESTAURANT
Est. value
$5.4M
RESTAURANT
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
1997
Heating
NONE
Stories
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
Flagship Gunbarrel Chattanooga LLC
Entity
Mailing address
2701 COLTSGATE RD STE #300, CHARLOTTE, NC 28211-3594
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2021
$6,000,000
Flagship Gunbarrel Chattanooga LLC
Amg Development LLC
Special Warranty Deed
—
May 11, 2020
—
Amg Dev LLC
—
Deed
related
$3,110,291 · Smartbank
Aug 11, 2017
—
Amg Development LLC
—
Deed
related
$300,000 · Atlantic Capital Bank NA
Sep 26, 2012
—
Amg Dev LLC
—
Trustees Deed
related
$200,000 · Regions Bank
Sep 6, 2012
—
Amg Dev LLC
—
Trustees Deed
related
$100,000 · Regions Bank
—
—
Amg Dev LLC
—
Deed Of Trust
related
$2,372,171 · Regions Bank
—
—
Amg Dev LLC
—
Deed Of Trust
related
$280,000 · Regions Bank
—
—
Amg Dev LLC
—
Deed Of Trust
related
$2,372,171 · Regions Bank
—
—
Amg Dev LLC
—
Deed Of Trust
related
$3,130,000 · Fsg Bank
—
—
Amg Dev LLC
—
Deed Of Trust
related
$355,000 · Regions Bank
—
—
Amg Dev LLC
—
Deed Of Trust
related
$3,110,291 · Smartbank
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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