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Property profile & analytics
OFF-MARKET
Estimated value
$10,185,000
Medical Office Space
2358 Lifestyle Way Chattanooga, TN 37421-4901
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-2031727
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2013
Total area
26,986 SF
Lot
2.54 ac (110,642 SF)
Zoning code
O1
APN
149H G 002.02
UPID
US80-2031727
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
-
Christopher J. Lesar, MD Physician Hospital
-
Karin Covi Physician Medical Clinic
-
Dr. Luis Gomez Vaca Physician Medical Clinic
-
Stewart C. Little, M.D. Physician Medical Clinic
-
Dr. Vlatka Agnetta Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.85M
Blend (final)
Blend
$10.19M
Owner & transaction history
Kagr2 Chattanooga 2358 LLC · 4 yrs held
Kagr2 Chattanooga 2358 LLC
since 2022
Last sale
$13.9M
7 recorded transactions
Zoning & alternative use
O1 · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$13.5M
+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
$8,980,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,545,000
Current use
RESTAURANT
$13,470,000
Change: +106% · Conversion: Difficult
Blend value · Realmo final
$10.19M
Range $9.17M – $11.20M · ±10% · vs last sale $13.90M (Feb 8 2022)
Last sale anchor
$13.90M
Feb 8 2022
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
$377 / 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
$70,638
Tax year 2023
Assessed value
$3,157,280
Assessed 2023
Previous assessed
$3,157,280
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$2,766,100
Improvement market value
$5,127,100
Total market value
$7,893,200
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
2013
Heating
NONE
Stories
1
Total area
26,986 SF
Lot
2.54 ac (110,642 SF)
Zoning code
O1
APN
149H G 002.02
UPID
US80-2031727
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
MEDICAL BUILDING Current
Est. value
$6.5M
RESTAURANT
Est. value
$13.5M
MEDICAL BUILDING Current
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
2013
Heating
NONE
Stories
1
Lot
2.54 ac
Current owner
From public records · entity-resolved
Kagr2 Chattanooga 2358 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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2022
—
Kagr2 Chattanooga 2358 LLC
—
Deed
related
$816,700,000 · Capital One Bank NA
Feb 8, 2022
$13,900,000
Kagr2 Chattanooga 2358 LLC
Chattanooga 2358 Medical Properties
Special Warranty Deed
$816,700,000 · Capital One NA
May 9, 2019
—
Chattanooga 2358 Medical Prop
—
Grant Deed
related
$35,557,500 · Wells Fargo Bk
Apr 2, 2019
$8,700,000
Chattanooga 2358 Medical Prop
Lifestyle Way Prop Invs Gp
Grant Deed
—
Nov 16, 2017
—
Lifewstyle Way Property Investment
—
Deed
related
$1,916,210 · First Volunteer Bank
Aug 23, 2016
—
Lifestyle Wayproperty Investment Gp
—
Deed
related
$4,315,000 · First Volunteer Bank
May 7, 2013
—
Lifestyle Way Property Investment G
Gunbarrel Partners
Quit Claim Deed
related
—
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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