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Property profile & analytics
OFF-MARKET
Estimated value
$3,800,000
Medical Office Space
3520 Cummings Hwy Chattanooga, TN 37419-2311
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US80-3520840
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Total area
4,402 SF
Lot
1.19 ac (51,836 SF)
Zoning code
C2
APN
154G F 001.01
UPID
US80-3520840
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
-
American Family Care Lookout Valley Medical Clinic
-
AFC Urgent Care Family Care Medical Clinic
-
BRUCE T THOMPSON Physician
-
THEODORE C TUCKER Pediatrician Physician
-
FREDERICK HANSEN STEVENS Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.80M
Owner & transaction history
Cordova Arms Holdings LLC · 3 yrs held
Cordova Arms Holdings LLC
since 2022
Last sale
$4.2M
7 recorded transactions
Zoning & alternative use
C2 · Chattanooga, TN
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
Blend value · Realmo final
$3.80M
Range $3.42M – $4.18M · ±10% · vs last sale $4.19M (Dec 5 2022)
Last sale anchor
$4.19M
Dec 5 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
$863 / 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
$13,798
Tax year 2023
Assessed value
$616,720
Assessed 2023
Previous assessed
$616,720
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$763,500
Improvement market value
$778,300
Total market value
$1,541,800
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
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
2014
Heating
NONE
Stories
1
Total area
4,402 SF
Lot
1.19 ac (51,836 SF)
Zoning code
C2
APN
154G F 001.01
UPID
US80-3520840
Jurisdiction
HAMILTON
Zoning & alternative use
C2 · Chattanooga, TNZoning C2 · permitted uses
C2 · Chattanooga, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Building & site characteristics
From public records
Year built
2014
Heating
NONE
Stories
1
Lot
1.19 ac
Current owner
From public records · entity-resolved
Cordova Arms Holdings LLC
Entity
Mailing address
4303 NE 1ST TER STE #2, OAKLAND PARK, FL 33334-3157
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2022
—
Cordova Arms Holdings LLC
Cordova Arms LLC
Quit Claim Deed
related
—
Oct 20, 2022
$4,193,000
Cordova Arms LLC
National Retail Properties INC
Special Warranty Deed
—
Jan 7, 2015
—
National Retail Props INC
National Retail Properties LP
Quit Claim Deed
related
—
Jul 19, 2013
$454,320
National Retail Properties LP
Lookout Valley Partners LLC
Grant Deed
—
Oct 6, 2009
—
Lookout Valley Partners LLC
—
Trustees Deed
related
$523,500 · Capital Bank NA
May 8, 2006
$600,000
Lookout Valley Partners LLC
Bright-meyers Lookout Valley A
Warranty Deed
—
Dec 14, 2004
—
Lookout Valley A Bright-meyers
Mission Group Partners
Quit Claim Deed
related
—
Dec 14, 2004
$325,000
Lookout Valley A Bright-meyers
Austin,thomas A
Warranty Deed
$24,100,000 · First Tennessee Bank National
May 6, 2004
$107,250
Thomas A Austin
Hines,bernard Tr
Grant Deed
—
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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