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Property profile & analytics
OFF-MARKET
Estimated value
$830,000
Medical Office Space
3097 Broad St Chattanooga, TN 37408-3093
Entity Owned
9-yr Hold
Free & Clear
Property ID
US80-0597079
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1997
Total area
4,066 SF
Lot
0.43 ac (18,647 SF)
Zoning code
UGC
APN
155F A 005.02
UPID
US80-0597079
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$830k
Owner & transaction history
Broad Street Investments LLC · 9 yrs held
Broad Street Investments LLC
since 2017
7 recorded transactions
Zoning & alternative use
UGC · Chattanooga, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
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
$1,010,000
Current use
AUTO REPAIR, GARAGE
$865,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$830k
Range $747k – $913k · ±10%
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
$204 / 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
$5,675
Tax year 2023
Assessed value
$253,640
Assessed 2023
Previous assessed
$253,640
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$227,600
Improvement market value
$406,500
Total market value
$634,100
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
1997
Heating
NONE
Stories
1
Total area
4,066 SF
Lot
0.43 ac (18,647 SF)
Zoning code
UGC
APN
155F A 005.02
UPID
US80-0597079
Jurisdiction
HAMILTON
Zoning & alternative use
UGC · Chattanooga, TN
Zoning UGC · permitted uses
UGC · 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
$1.0M
AUTO REPAIR, GARAGE
Est. value
$865,000
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
1997
Heating
NONE
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Broad Street Investments LLC
Entity
Free & Clear · 9 yrs held
Mailing address
3288 ADAMS AVE UNIT #16840, SAN DIEGO, CA 92176-7035
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
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
$217,573 · Regions Bank
Jun 5, 2012
$240,000
John K Clark
First Tn Bk NA
Grant Deed
$192,000 · Tennessee Valley FCU
Sep 10, 2010
$188,000
Hickman & Sherbak LLC
Baker,thomas W
Grant Deed
$158,950 · Regions Bank
Sep 9, 2010
$94,451
Ben Jumper
Baker Thomas W
Grant Deed
$70,800 · Cornerstone Community Bank
—
—
Thomas W Baker
—
Deed Of Trust
related
$235,548 · First Tennessee Bank National
—
—
Sherbak,steven D & Jan F
—
Deed Of Trust
related
$90,000 · Capitalmark Bk&tr
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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