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Property profile & analytics
FOR LEASE
Medical Office Space
1949 Gunbarrel Rd Chattanooga, TN 37421
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-1583536
For Lease
1 / 10
$30 SF/Yr
1949 Gunbarrel Rd, Chattanooga, TN 37421
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1993
Total area
46,724 SF
Lot
2.44 ac (106,286 SF)
Zoning code
C2
APN
149I A 005
UPID
US80-1583536
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
-
Memorial Health Services Association / Organization
-
Memorial Home Health General Hospital Home Health Care Service
-
Grant W. Huntzinger, MD Physician Medical Clinic
-
Center for Sports Medicine & Orthopaedics - Atrium Medical Clinic
-
Beahm Thomas M MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kagr2 Chattanooga 1931 LLC · 4 yrs held
Kagr2 Chattanooga 1931 LLC
since 2022
Last sale
$27.6M
7 recorded transactions
Zoning & alternative use
C2 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$93,678
Tax year 2023
Assessed value
$4,187,080
Assessed 2023
Previous assessed
$4,187,080
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$2,657,200
Improvement market value
$7,810,500
Total market value
$10,467,700
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
For Lease
Year built
1993
Heating
NONE
Stories
1
Total area
46,724 SF
Lot
2.44 ac (106,286 SF)
Zoning code
C2
APN
149I A 005
UPID
US80-1583536
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Chattanooga, TN
Zoning C2 · permitted uses
C2 · 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.
Building & site characteristics
From public records
Year built
1993
Heating
NONE
Stories
1
Lot
2.44 ac
Current owner
From public records · entity-resolved
Kagr2 Chattanooga 1931 LLC
Entity
Mailing address
800 W MADISON ST STE #400, CHICAGO, IL 60607-2481
Ownership since
2022
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
Sep 15, 2022
—
Lineberry Properties INC
—
Deed
related
$500,000 · Firstbank
Feb 14, 2022
$27,600,000
Kagr2 Chattanooga 1931 LLC
Chattanooga 1931 Medical Properties
Special Warranty Deed
$816,700,000 · Capital One NA
May 9, 2019
—
Chattanooga 1931 Medical Prop
Atrium Partners LLC
Quit Claim Deed
related
$35,557,500 · Wells Fargo Bk
Mar 8, 2017
$360,000
Atrium Partners LLC
Colony Fli Atrium LLC
Limited Warranty Deed
$17,800,000 · First Bank
Oct 30, 2015
$9,043,000
Colony Fl1 Atrium LLC
Sveadas Justin M|drv Atrium LLC
Trustees Deed
related
—
Apr 16, 2008
$7,591,412
Drv Atrium LLC
Atrium Memorial LP II
Special Warranty Deed
—
Oct 17, 2003
$325,000
Chattanooga P Nenr
Atrium Memorial
Grant Deed
—
—
—
Drv Atrium LLC
—
Deed Of Trust
related
$11,300,000 · Colfin Atrium Funding LLC
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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