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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Medical Office Space
417 Frazier Ave Chattanooga, TN 37405-4165
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-0456361
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
2007
Total area
2,712 SF
Lot
1 ac (43,560 SF)
Zoning code
C7
APN
135E K 023 C002
UPID
US80-0456361
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
-
New Image Dental Dental Office
-
Dr. Naomi W. Lee Koh, DDS Dental Office
-
Mitchell Jerry W MD Physician Medical Clinic
-
Bela Lisboa Restaurant Restaurant
-
Bela Lisboa Restaurant -Chattanooga, TN Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$951k
Blend (final)
Blend
$950k
Owner & transaction history
Bnb Real Estate LLC · 4 yrs held
Bnb Real Estate LLC
since 2022
7 recorded transactions
Zoning & alternative use
C7 · 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
$675,000
Current use
AUTO REPAIR, GARAGE
$575,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$350 / 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
$6,500
Tax year 2023
Assessed value
$290,520
Assessed 2023
Previous assessed
$290,520
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$230,700
Improvement market value
$495,600
Total market value
$726,300
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
DENTAL BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Stories
1
Total area
2,712 SF
Lot
1 ac (43,560 SF)
Zoning code
C7
APN
135E K 023 C002
UPID
US80-0456361
Jurisdiction
HAMILTON
Zoning & alternative use
C7 · Chattanooga, TN
Zoning C7 · permitted uses
C7 · 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
$675,000
AUTO REPAIR, GARAGE
Est. value
$575,000
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
2007
Heating
NONE
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Bnb Real Estate LLC
Entity
Mailing address
417 FRAZIER AVE STE #102, CHATTANOOGA, TN 37405-4177
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2023
—
Bnb Real Estate LLC
—
Deed
related
$70,000 · First Citizens Bank & Trust Co
May 24, 2023
—
New Image Dental LLC
—
Deed
related
$620,000 · Pinnacle Bank
Jun 17, 2022
$1,000,000
Bnb Real Estate LLC
Darren S Thompson
Warranty Deed
$800,000 · First Citizens Bank & Trust Co
May 24, 2017
—
Thompson,darren & Ashley Livin Trust
Thompson,darren S & Ashley C
Quitclaim Deed
related
—
Nov 14, 2016
—
Darren S Thompson
—
Deed
related
$392,000 · Smartbank
Nov 8, 2016
—
Darren S Thompson
—
Deed
related
$120,000 · Smartbank
Mar 7, 2014
—
New Image Dental LLC
—
Trustees Deed
related
$488,000 · Cohutta Bkng
Nov 9, 2009
$610,000
New Image Dental LLC
Whitehall Properties LLC
Grant Deed
$457,500 · Cornerstone Community Bank
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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