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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Medical Office Space
6035 Shallowford Rd Chattanooga, TN 37421-1605
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US80-3174537
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
5,340 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C2
APN
138J A 001.21
UPID
US80-3174537
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
-
ClinSearch Medical Office Research Institute
-
Ballard Natasha MD Pediatrician Physician
-
Jeff G. Hall, DC Alternative Medicine Practice
-
Chattanooga Integrated Chiro Alternative Medicine Practice
-
Chattanooga Non-Surgical Orthopedics Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$915k
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.44M
Owner & transaction history
Thomas Investment Properties LLC · 4 yrs held
Thomas Investment Properties LLC
since 2022
Last sale
$1.5M
5 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
$1,440,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$990,000
6.5%
$915,000
7%
$850,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,295,000
Current use
AUTO REPAIR, GARAGE
$1,135,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10% · vs last sale $1.48M (Feb 4 2025)
Last sale anchor
$1.48M
Feb 4 2025
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
$270 / 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
$9,768
Tax year 2023
Assessed value
$436,600
Assessed 2023
Previous assessed
$436,600
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$325,300
Improvement market value
$766,200
Total market value
$1,091,500
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
MEDICAL BUILDING
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
5,340 SF
Lot
0.5 ac (21,780 SF)
Zoning code
C2
APN
138J A 001.21
UPID
US80-3174537
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
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
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
2008
Heating
NONE
Stories
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
Thomas Investment Properties LLC
Entity
Mailing address
4043 HAMILL RD, HIXSON, TN 37343-3518
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
$2,725,000
Thomas Investment Properties LLC
Aaron D Smith
Warranty Deed
$2,043,750 · First Volunteer Bank
Aug 19, 2021
—
I Smith Brothers Gp
Aaron D Smith
Intrafamily Transfer
related
—
Oct 29, 2019
$980,000
Smith Brothers Gp
S & R Property Holdings LLC
Warranty Deed
$780,000 · Millenium Bk
Feb 20, 2008
$1,055,813
S & R Property Holdings LLC
Ken Defoor The Corporate Image West
Warranty Deed
$1,081,483 · First Citizens Bank & Trust Co
Dec 26, 2007
$764,866
Jeff Hall
Ken Defoor-the Corporate Image
Warranty Deed
$650,250 · First National 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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