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Property profile & analytics
FOR LEASE
Medical Office Space

2108 E 3Rd St Chattanooga, TN 37404

49,948 SF 2.38 ac lot Built 2005
Entity Owned 21-yr Hold ~ Est. High Equity
Property ID
US80-1363473
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, this property enjoys unparalleled convenience and accessibility, with close proximity to major healthcare facilities such as Erlanger, CHI Memorial, and Parkridge Hospital. The single-story building sits on a 1-building lot, offering ample space and easy navigation. The property's address is 2108 E 3rd St, Chattanooga, TN 37404, and its Hamilton County location (APN: 146F W 002) provides excellent visibility and access to key transportation routes. This turnkey medical office building offers a rare combination of prime location, modern amenities, and efficient design, making it an ideal acquisition for discerning investors seeking a stable and high-performing asset in a rapidly growing healthcare market. The property's single-tenant structure minimizes vacancy risk and simplifies operational management. This is a remarkable opportunity to acquire a well-maintained, strategically located medical office building in a highly desirable area of Chattanooga.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2005
Total area 49,948 SF
Lot 2.38 ac (103,673 SF)
Zoning code C2
APN 146F W 002
UPID US80-1363473
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
  • Surgical specialties Medical Clinic
  • USA Vein Center Medical Clinic Hospital
  • Dr. W T. Cockerham, MD Physician
  • Stephen H. Greer, MD Medical Clinic Hospital
  • Casey Zawadzki Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.56M
Blend (final) Blend
$11.56M
Owner & transaction history
Medical Park I LLC · 21 yrs held
Medical Park I LLC
since 2004
4 recorded transactions
2019
Price N/A
2018
Price N/A
2004
$1.1M
1969
Price N/A
Zoning & alternative use
C2 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source code of ordinances
Top alternative use upside
Restaurant $17.4M +40.3%
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More about this property
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