Property profile

2108 E 3Rd St Chattanooga, TN 37404

FOR LEASE
Medical Office Space
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Property ID
US80-1363473
49,948 SF 2.38 ac Built 2005
Last sale Nov 2004·$1,055,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This exceptional 7,200-square-foot medical office building, located at 2108 E 3rd Street in Chattanooga, Tennessee, presents a unique investment opportunity. Constructed in 2005 and renovated in 2016, the property boasts a single-tenant occupancy, simplifying management and maximizing rental income. The building features a thoughtfully designed layout, perfectly suited for medical practices, including private exam rooms and dedicated nurses' stations. Situated within a thriving medical core,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$79k
Tax billed · 2023
Assessed value$3.53M
Effective rate2.24%

Value estimate

· Nov 2026
$11.56M
$10.40M – $12.72M
Submarket $/SF estimate$11.56M
NOI build-up
Gross scheduled income$147k
Vacancy & credit loss−$13k
Operating expenses−$53k
NOI$80k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$248/SF
Submarket average, outlier-cleaned · 60 recorded sales of this use type
Observed band · Q1–Q3$138 – $373

Cap rate analysis

How does the asset earn?
$80k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C2
JurisdictionHAMILTON

Location intelligence

Which uses thrive at this corner?
Best fit: Spa & Massage
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Spa & Massage17.5
Hair Salon15.8
Nail Salon14.7

Location

2108 E 3Rd St Chattanooga, TN 37404
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2415 Mccallie, Chattanooga, TN 37404-3322 $8,102,000 Jan 2026 30,596 SF
400 Holtzclaw, Chattanooga, TN 37404-1916 $2,550,000 Jun 2024 13,342 SF
513 Dodds, Chattanooga, TN 37404-3909 $935,000 Nov 2021 9,035 SF
281 Lyerly, Chattanooga, TN 37404-2746 $16,690,000 Aug 2021 38,154 SF
2200 3rd, Chattanooga, TN 37404-2744 $10,530,000 Aug 2021 25,002 SF
251 Lyerly, Chattanooga, TN 37404-2739 $15,090,000 Aug 2021 42,474 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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