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Property profile & analytics
OFF-MARKET
Estimated value
$365,000
Medical Office Space
4040 Dayton Blvd Chattanooga, TN 37415-7123
Entity Owned
Free & Clear
Property ID
US80-1457611
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1950
Total area
2,077 SF
Lot
0.13 ac (5,625 SF)
Zoning code
C2
APN
109I F 010
UPID
US80-1457611
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
-
Kirkpatrick William D DDS Dental Office
-
Yancey Lori Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$365k
Owner & transaction history
Morrow Properties LLC
Morrow Properties LLC
since 2026
Last sale
$445,000
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
$365k
Range $329k – $402k · ±10% · vs last sale $445k (Jan 21 2026)
Last sale anchor
$445k
Jan 21 2026
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
$176 / 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
$2,763
Tax year 2023
Assessed value
$68,920
Assessed 2023
Previous assessed
$68,920
+0.0% YoY
Effective rate
4.01%
On assessed value
Land market value
$49,400
Improvement market value
$122,900
Total market value
$172,300
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
DENTAL BUILDING
Status
Off-Market
Year built
1950
Heating
YES
Stories
1
Total area
2,077 SF
Lot
0.13 ac (5,625 SF)
Zoning code
C2
APN
109I F 010
UPID
US80-1457611
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
1950
Heating
YES
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Morrow Properties LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4040 DAYTON BLVD, CHATTANOOGA, TN 37415-7123
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
Jan 21, 2026
$445,000
Morrow Properties LLC
William David Kirkpatrick
Special Warranty Deed
—
Oct 26, 2020
—
William D Kirkpatrick
—
Deed
related
$366,000 · Pinnacle Bk
Sep 1, 2017
$49,800
William D Kirkpatrick
Steven C LLC
Warranty Deed
$312,000 · Pinnacle Bk
Nov 16, 2016
—
William Davi Kirkpatrick
—
Deed
related
$100,735 · Pinnacle Bank
Oct 28, 2016
—
William D Kirkpatrick
Hixson,j A
Quit Claim Deed
related
—
Jan 26, 2005
—
William D Kirkpatrick
Kirkpatrick,gail T
Quit Claim Deed
related
—
Mar 1, 1996
$95,000
William D Kirkpatrick
Standifer,dennis
Grant Deed
$95,950 · Suntrust Bank NA
Feb 27, 1996
$95,000
William David Kirkpatrick
—
Grant Deed
related
—
—
—
William D Kirkpatrick
—
Loan Modification
related
$366,000 · Pinnacle 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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