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Property profile & analytics
OFF-MARKET
Medical Office Space
3891 Adkisson NW Dr Cleveland, TN 37312-2819
Entity Owned
11-yr Hold
Free & Clear
Property ID
US80-2737517
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2016
Total area
6,792 SF
Lot
1.53 ac (66,647 SF)
Zoning code
CG
APN
033L D 006.00 000
UPID
US80-2737517
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
-
Chattanooga Skin and Cancer Clinic Cleveland Physician Medical Clinic
-
Chattanooga Skin and Cancer Clinic Physician
-
Dr. Mark Tusa Physician Medical Clinic
-
Amberly Ellis Physician
-
Chattanooga skin and cancer dermatology clinic Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Pms Properties · 11 yrs held
Pms Properties
since 2015
6 recorded transactions
Zoning & alternative use
CG · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A. All Uses Allowed by Right in the R-1, R-2, R-3, R-5, CN, PI, and CG Districts. 2.13.2 Conditional uses. A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of s…
Zone name
General Commercial
General category
COMMERCIAL
Zone area
392.96 ac
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 Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cleveland 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$332,160
Assessed 2023
Previous assessed
$332,160
+0.0% YoY
Assessed land
$70,160
Assessed improvement
$262,000
Land market value
$175,400
Improvement market value
$655,000
Total market value
$830,400
Applied tax rate
6.0000
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
2016
Heating
YES
Cooling
AC.PACKAGE
Stories
1
Units
1
Bathrooms
6
Total area
6,792 SF
Lot
1.53 ac (66,647 SF)
Zoning code
CG
APN
033L D 006.00 000
UPID
US80-2737517
Jurisdiction
BRADLEY
Zoning & alternative use
CG · Cleveland, TNZoning CG · permitted uses
CG · Cleveland, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A. All Uses Allowed by Right in the R-1, R-2, R-3, R-5, CN, PI, and CG Districts. 2.13.2 Conditional uses. A. All uses allowed by right in the CH and IL Districts which are not otherwise allowed by right in the MU District. 2.14 IL District (Light Industry). 2.14.1 The IL (Light Industry) District, includes the following uses: A. Existing or replacement of single family or multi -family developments on existing sites subject to the section 3.0 Site Design Standards for
Zone name
General Commercial
General category
COMMERCIAL
Zone area
392.96 ac
Building & site characteristics
From public records
Year built
2016
Heating
YES
Cooling
Yes
Stories
1
Units
1
Bathrooms
6
Lot
1.53 ac
Current owner
From public records · entity-resolved
Pms Properties
Entity
Free & Clear · 11 yrs held
Mailing address
6061 SHALLOWFORD RD, CHATTANOOGA, TN 37421-1688
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2016
—
Pms Properties
—
Deed
related
$1,108,050 · Southern Heritage Bk
Jun 16, 2015
$250,000
Pms Properties
Barker Ronald L
Warranty Deed
—
Jul 11, 2014
$150,000
Barker,ronald L
Capitalmark Bk & Trust
Grant Deed
$112,500 · Capitalmark Bk&tr
Jan 18, 2011
$1,024,876
Capitalmark Bk & Trust
Edwards,rachel E
Trustees Deed
related
—
—
—
Pms Properties
—
Deed Of Trust
related
$899,595 · Southern Heritage Bk
—
—
Pms Properties
—
Loan Modification
related
$1,108,050 · Southern Heritage Bk
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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