Financial
Distress signals
Property profile

2108 E 3Rd St Chattanooga, TN 37404

FOR LEASE
Medical Office Space
Property ID
US80-1363473
49,948 SF 2.38 ac lot 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.
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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. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

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

Value estimate

· Sep 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 · 341,259.57% cap applied$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?
341,259.57%
$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 · 18 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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