Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3097 Broad St Chattanooga, TN 37408-3093
    Property profile & analytics

    3097 Broad St, Chattanooga, TN 37408-3093

    View on Map
    • Medical Office Space
    • 4,066 SF
    • 0.43 lot acres
    Off-Market
    Property ID
    US80-0597079
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Solace LLC / Medical Clinic
    • Brent Joye, MD / Physician
    • Dana Stiles, MD / Physician
    • Mind, Body, & Spirit Care Counseling / Family Counselor
    • Erin Rayburn LMFT / Marriage Or Relationship Counselor / Counselor

    Property Details for 3097 Broad St

    Year built
    1997
    Lot size
    0.43 lot acres
    Zone code
    UGC
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    155F A 005.02
    APU
    155FA00502

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 10, 2017 — Broad Street Investments LLC Windvest Corp Quit Claim Deed · related —
    Jun 6, 2016 $650,000 Windvest Corp Sherbak,steven D & Jan F Warranty Deed —
    Aug 9, 2013 — Steven D Sherbak Hickman & Sherbak LLC Quit Claim Deed · related $218k · Regions Bank
    Jun 5, 2012 $240,000 John K Clark First Tn Bk NA Grant Deed $192k · Tennessee Valley FCU
    Sep 10, 2010 $188,000 Hickman & Sherbak LLC Baker,thomas W Grant Deed $159k · Regions Bank
    Sep 9, 2010 $94,451 Ben Jumper Baker Thomas W Grant Deed $71k · Cornerstone Community Bank
    — — Thomas W Baker — Deed Of Trust · related $236k · First Tennessee Bank National
    — — Sherbak,steven D & Jan F — Deed Of Trust · related $90k · Capitalmark Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $830,000
      Market price range: $559k - $1.52M
      AI Estimate
      $830,000
      Market price range: $559k - $1.52M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,010,000
      Current use
      AUTO REPAIR, GARAGE
      $865,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3207
    Latitude
    35.0213
    CBSA code
    16860
    CBSA name
    CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,675
    $0.00
    $0.00
    $253,640
    -
    $227,600
    $406,500
    $634,100

    Comparable in this City

    • Value Estimation
      $8,760,000
      41,904 SF

      1700 Broad St

      MEDICAL BUILDING
      1700 Broad St, Chattanooga, TN 37408-1831
      View Details
    • Value Estimation
      $6,505,000
      20,610 SF

      320 Main St

      MEDICAL BUILDING
      320 Main St, Chattanooga, TN 37408-1327
      View Details
    • Value Estimation
      $750,000
      3,371 SF

      200 Main St

      DENTAL BUILDING
      200 Main St, Chattanooga, TN 37408-1136
      View Details
    • Value Estimation
      $765,000
      2,286 SF

      541 21st St

      DENTAL BUILDING
      541 21st St, Chattanooga, TN 37408-2408
      View Details
    • Value Estimation by Request
      36,640 SF

      1601 Gulf St

      CONDOMINIUM OFFICES
      1601 Gulf St, Chattanooga, TN 37408-2332
      View Details
    • Value Estimation
      $690,000
      6,214 SF

      1803 Polk St

      OFFICE (GENERAL)
      1803 Polk St, Chattanooga, TN 37408-2319
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,640 SF

      Renovated Office Building in Southside

      Stand-alone office building in Chattanooga's thriving Southside neighborhood.
      601 E Main St, Chattanooga, TN 37408
      View Details
    • $3,200,000
      16,560 SF

      Chattanooga Office Building For Sale

      Historic Southside Office, 16,560 SF
      1410 Cowart St, Chattanooga, TN 37408
      View Details
    • Contact for pricing
      1,930 SF

      Mixed-Use Property in Southside Chattanooga

      Unique mixed-use property in Chattanooga's sought-after Southside neighborhood.
      1939 Central Ave, Chattanooga, TN 37408
      View Details
    • $499,000

      Furnished Townhome Investment Opportunity

      Turnkey, licensed short-term rental with impressive rental history.
      1516 Adams St, Chattanooga, TN 37408
      View Details
    • $850,000
      Pending

      Southside Multi-Family Investment Opportunity

      Multi-family property in Chattanooga's Southside district with redevelopment potential.
      1921 Emerson Dr, Chattanooga, TN 37408
      View Details
    • Contact for pricing
      2,474 SF

      Land in South Broad District

      Land suitable for retail in transforming South Broad District.
      3147 Broad St, Chattanooga, TN 37408
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo

      Office Space Near Downtown Chattanooga

      Office spaces available near downtown, walkable to amenities.
      2101 Chestnut St, Chattanooga, TN 37408
      View Details
    • Contact for pricing
      1,071 SF

      Southside Chattanooga Office Space

      Office space in a walkable, sought-after Chattanooga neighborhood.
      27 W 19Th St, Chattanooga, TN 37408
      View Details
    • Contact for pricing

      Southside Retail, Restaurant, or Office

      2,400 SF space in Chattanooga's Southside for retail/office/restaurant.
      63 East Main Street Ext, Chattanooga, TN 37408
      View Details
    • $30 SF/Yr

      Southside District Office Space

      Office space in Chattanooga's innovation, culture, and urban district.
      27 West 19Th St, Chattanooga, TN 37408
      View Details
    • Contact for pricing

      Versatile Space in Thriving Southside

      Adaptable 4,000 SF space ideal for retail or office.
      1800 Rossville Ave, Chattanooga, TN 37408
      View Details
    • Contact for pricing

      Mixed-Use Property in Chattanooga Southside

      Mixed-use property with retail and residential units in Chattanooga.
      1939 Central Ave, Chattanooga, TN 37408
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3097 Broad St
    Chattanooga, TN 37408-3093
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3097 Broad St, Chattanooga, TN, 37408
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!