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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Medical Office Space
4151 Ringgold Rd Chattanooga, TN 37412-2434
Individually Owned
Absentee Owner
Free & Clear
Property ID
US80-0690677
Property summary
AI-generated overview
This exceptional 1,960-square-foot office space at 4151 Ringgold Rd, Chattanooga, TN 37412, presents a unique opportunity for a variety of businesses. Situated on a 0.53-acre lot (23,087 sq ft) in a high-traffic area of East Ridge, near the intersection of Ringgold Road and Bojangles, this single-tenant property offers excellent visibility and accessibility. Built in 1910 and renovated in 1996, the building features a single story with an 8-foot ceiling height. The property is zoned C-2 and includes 10 parking spaces, providing ample convenience for staff and clients. The building's 1,960 square feet are currently vacant, allowing for complete customization to suit your specific business needs. This adaptable space is ideal for medical, creative, or traditional office uses. Property taxes are $1.89 per square foot. The tenant is responsible for rent, all utilities, tenant insurance, and grounds maintenance. This is a fantastic opportunity to establish your business in a thriving East Ridge location.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1910
Total area
1,960 SF
Lot
0.47 ac (20,500 SF)
Zoning code
C2
APN
169H E 002
UPID
US80-0690677
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
-
East Ridge Clinic Medical Clinic
-
Samiya Jones Physician
-
Comprehensive Medical Care PC Medical Clinic
-
East Ridge Clinic: Mark W. Bookout, MD 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
$505k
Owner & transaction history
JACQUELINE L BOOKOUT
JACQUELINE L BOOKOUT
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
$505k
Range $455k – $556k · ±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
$258 / 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
$3,462
Tax year 2023
Assessed value
$98,640
Assessed 2023
Previous assessed
$98,640
+0.0% YoY
Effective rate
3.51%
On assessed value
Land market value
$139,000
Improvement market value
$107,600
Total market value
$246,600
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
1910
Heating
NONE
Stories
1
Total area
1,960 SF
Lot
0.47 ac (20,500 SF)
Zoning code
C2
APN
169H E 002
UPID
US80-0690677
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
1910
Heating
NONE
Stories
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
JACQUELINE L BOOKOUT
Individual
Free & Clear · 0 yrs held
Mailing address
817 BELVOIR CRST DR, CHATTANOOGA, TN 37412-2009
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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