Property profile

5022 Old Godsey Ln Hixson, TN 37343

OFF-MARKET
Medical Office Space
Property ID
US80-1528797
2,870 SF 1 ac lot Built 2001
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional medical office space, located within the Hamill Professional Center at 5022 Old Godsey Ln, Chattanooga, TN 37343, offers a single-tenant opportunity totaling 7,192 square feet currently available for lease. Situated in the highly desirable Hixson area, this property enjoys a prime location just off Highway 153 and Hamill Road, providing excellent visibility and accessibility. The building's strategic placement directly across from CHI Memorial Hospital's Hixson campus and adjacent to medical offices along Northpoint Blvd ensures high traffic and a strong patient base. The Hamill Professional Center boasts a prestigious tenant roster, including North River Periodontics and Implants, Benchmark Physical Therapy, CHI Memorial's MaryEllen Locher Breast Center, and Implants & Oral Surgery of Chattanooga. The space, previously occupied by an optical center, is readily adaptable for continued medical use or conversion to general office space. The entire building encompasses 25,000 square feet. This presents a unique chance to establish or expand a medical practice in a thriving medical corridor with strong existing medical synergy. The property's convenient location and impressive co-tenancy make it an ideal investment for discerning businesses seeking a high-profile presence in a rapidly growing area.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2001
Total area 2,870 SF
Lot 1 ac (43,560 SF)
Zoning code R4
APN 110J A 010 C002
UPID US80-1528797

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Business Service Center Corporate Office
  • Physician
  • Dental Office

Location

5022 Old Godsey Ln Hixson, TN 37343-6600
Hixson metro Census 10432 CHATTANOOGA, TN-GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$531k
Blend (final) Blend
$540k

Owner & transaction history

since 2022
3 recorded transactions
2022
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R4 · Hixson, TN
Top alternative use upside
Auto repair, garage $555,000 +0.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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