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Property profile & analytics
OFF-MARKET
Estimated value
$13,915,000
Medical Office Space
7268 Jarnigan Rd Chattanooga, TN 37421-3096
Entity Owned
5-yr Hold
Free & Clear
Property ID
US80-1970223
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Total area
50,186 SF
Lot
4.12 ac (179,467 SF)
Zoning code
R4
APN
148M H 010
UPID
US80-1970223
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
-
Dr. William B. Lee, MD Physician Medical Clinic
-
Robin M. Brady, O.D. Physician
-
Smoak Sonya M OD Physician
-
Daryl F. Mann, OD Physician
-
DrainGuard Septic Service Plumbing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.60M
Comparable Approach
Comparable
$13.61M
Blend (final)
Blend
$13.92M
Owner & transaction history
Vcm Jarnigan LP · 5 yrs held
Vcm Jarnigan LP
since 2021
Last sale
$12.8M
5 recorded transactions
Zoning & alternative use
R4 · 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
$13,915,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$9,315,000
6.5%
$8,600,000
7%
$7,985,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$12,175,000
Current use
AUTO REPAIR, GARAGE
$10,655,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$13.92M
Range $12.52M – $15.31M · ±10% · vs last sale $12.80M (Dec 28 2024)
Last sale anchor
$12.80M
Dec 28 2024
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
$277 / 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
$97,545
Tax year 2023
Assessed value
$4,359,960
Assessed 2023
Previous assessed
$4,359,960
+0.0% YoY
Effective rate
2.24%
On assessed value
Land market value
$1,525,500
Improvement market value
$9,374,400
Total market value
$10,899,900
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
2
Total area
50,186 SF
Lot
4.12 ac (179,467 SF)
Zoning code
R4
APN
148M H 010
UPID
US80-1970223
Jurisdiction
HAMILTON
Zoning & alternative use
R4 · Chattanooga, TNZoning R4 · permitted uses
R4 · 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
$12.2M
AUTO REPAIR, GARAGE
Est. value
$10.7M
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
2
Lot
4.12 ac
Current owner
From public records · entity-resolved
Vcm Jarnigan LP
Entity
Free & Clear · 5 yrs held
Mailing address
5251 DTC PKWY STE #1150, GREENWOOD VILLAGE, CO 80111-2771
Ownership since
2021
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
Feb 26, 2021
$14,300,000
Vcm Jarnigan LP
Southeast Medical Properties Gp
Special Warranty Deed
—
Mar 26, 2009
$61,160
Southeast Medical Props Gp
—
Deed Of Trust
related
$9,100,000 · Suntrust Bank NA
Mar 23, 2005
$475,000
Southeast Medical Props I LLC
Armour,c L
Warranty Deed
—
—
—
Southeast Medical Prop Gp
—
Deed Of Trust
related
$4,200,000 · First Citizens Bk
—
—
Southeast Medical Prop Gp
—
Deed Of Trust
related
$4,200,000 · First Citizens 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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